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Monthly Archives: January 2018

IBM shares rise after RBC upgrades stock

Ethan Miller | Getty Images IBM Chairman, President and CEO Ginni Rometty delivers a keynote address at CES 2016 at The Venetian Las Vegas on January 6, 2016 in Las Vegas, Nevada. The difficult times for IBM shareholders are over, according to one Wall Street firm. RBC Capital Markets raised …

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We’ll find out whether Trump is actually tough on trade this month

The Trump Administration is staring down a half-dozen deadlines on trade policy that will create a moment of truth for the White House, which has so far opted for long-term investigations and renegotiations over immediate challenges to the status quo. January could change that. The month is book-ended by contentious …

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Didi Chuxing Said to Buy 99 Uber’s Brazilian Rival

Michael Short | Bloomberg | Getty Images Jean Liu, president of Didi Chuxing Didi Chuxing, the Chinese ride-sharing company, has agreed to acquire full control of 99 — the main rival Brazilian rival to Uber and a company in which Didi already holds a stake — for around $600 million, …

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Bitcoin mining power usage comes under government regulation in China

Pierre Teyssot | AFP | Getty Images A Bitcoin crypto-currency shop in Rovereto, Italy. China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source …

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Intel’s alleged security flaw could cost chipmaker a lot of money: Bernstein

Misha Friedman | Bloomberg | Getty Images Brian Krzanich, chief executive officer of Intel Corp. A report alleging Intel chips have a security flaw could cost the chipmaker a lot of money, according to one Wall Street firm. The British tech website Register reported Tuesday that some Intel processors have …

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Oracle upgraded by Morgan Stanley

Albin Lohr-Jones | Pool via Bloomberg | Getty Images Safra Catz, chief executive officer of Oracle, arrives at Trump Tower in New York, on Wednesday, Dec. 14, 2016. There may be a buying opportunity in Oracle shares if earnings rise, analysts at Morgan Stanley wrote on Wednesday. Oracle shares jumped …

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Delta, American, Southwest offer free flight changes

Jin Lee | Bloomberg | Getty Images A traveler watches a crew remove snow in the Central Terminal at LaGuardia Airport in the Queens borough of New York. Airlines are waiving fees for passengers who want to change their travel dates as a powerful winter storm climbs up the East …

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Apple’s next iPhone said to use 6.5-inch LG displays

Getty Images Apple CEO Tim Cook (R) and Apple chief design officer Jonathan Ive (L) look at the new Apple iPhone X during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. LG is preparing to build new …

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Confidential SEC filings in December

Akio Kon | Bloomberg | Getty Images Daniel Ek, chief executive officer and co-founder of Spotify AB. Spotify’s uncoventional plans to go public appear to be moving forward. The music-streaming company filed SEC documents in December for an IPO, unnamed sources told Axios on Wednesday. The documents are confidential for …

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US crude oil just hit $61 a barrel for the first time since June 2015

Eddie Seal | Bloomberg | Getty Images Oil workers make a pipe connection on a drilling rig near Encinal, Texas. U.S. crude prices hit fresh highs on Wednesday, topping $61 a barrel for the first time in 2½ years, as a week of unrest in Iran continued. U.S. West Texas …

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