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Monthly Archives: May 2018

Mark Zuckerberg turns 34, has earned nearly $6 million a day

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook CEO Mark Zuckerberg turns 34 today, capping one of the more difficult years of his career at Facebook, as the company deals with fallout around privacy and fake …

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Rockefeller sale hits record $832 million, the largest for a single collector

Getty Images Employees pose with “Odalisque couchee aux magnolias,” 1923 by Henri Matisse at Christie’s in London, Feb. 20, 2018. The Rockefeller sale may have set a new record for records. The sale of the Peggy and David Rockefeller Collection at Christie’s, which wrapped up Friday night, reached a total …

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Sean Hannity on White House list of ‘cleared callers to Trump

Brendan Smialowski | AFP | Getty Images President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a dinner to commemorate the 75th anniversary of the Battle of the Coral Sea during WWII onboard the Intrepid Sea, Air and Space Museum May 4, 2017 in …

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Facebook just entered a ‘death cross,’ which could signal a failed rally

Facebook has ricocheted back to prescandal levels and is now within reach of record highs again. The charts tell a different story, says Craig Johnson, chief market technician at Piper Jaffray. “I see a lot of technical damage that has been done in this stock,” Craig Johnson, chief market technician …

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Nigeria is leading on pan-African free trade, bank chief says

Stefan Heunis | AFP | Getty Images The Egina floating production storage and offloading vessel, the largest of its kind in Nigeria, is berthed in Lagos harbor on February 23, 2017. “When you are the largest economy on the continent, and it’s a tiny, small country like Rwanda who is …

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US Supreme Court rules for New Jersey to legalize sports betting

The U.S. Supreme Court will allow more states to legalize sports betting, breaking up Nevada’s monopoly on the practice, according to a ruling Monday. The court upheld the legality of a 2014 state law permitting sports betting at New Jersey casinos and horse racetracks and voided the federal Professional and …

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Tesla engineers wanted more sensors on cars

Jasper Juinen | Bloomberg | Getty Images An employee drives a Tesla Motors Inc. Model S electric automobile, equipped with Autopilot hardware and software, hands-free on a highway. Tesla engineers repeatedly argued in favor of adding more sensors to the carmaker’s vehicles, but top executives, including CEO Elon Musk, rejected …

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Chipotle to pop 25% as recovery efforts, new CEO drive sales: Analyst

Chipotle Mexican Grill’s recovery efforts, including the appointment of a new chief executive and a new delivery partnership, represent steps in the right direction, according to Piper Jaffray. The firm reiterated its overweight rating on the restaurant company’s shares, predicting Chipotle’s stock price could top $530 in 12 months, the …

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NXP up on report Chinese regulators to restart review of Qualcomm bid

Simon Dawson | Bloomberg | Getty Images Microprocessors on a circuit board displayed at the Mobile World Congress in Barcelona, Spain, March 2, 2015. Shares of NXP Semiconductors jumped about 10 percent in the premarket Monday on a report that Chinese regulators will restart a review of Qualcomm’s takeover bid …

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Citi warns surging oil prices could create hostile environment for stocks

Carlos Barria | Reuters President Donald Trump gives a thumbs up while holding an umbrella in the rain as he arrives at Dallas Love Field aboard Air Force One to address the National Rifle Association Convention in Dallas, Texas U.S., May 4, 2018. Most analysts predict the impact on Iranian …

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