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Monthly Archives: August 2018

Tencent falls after earnings disappoint, but pain could be short term

Giulia March | Bloomberg | Getty Images A flag bearing the Tencent logo is displayed alongside a Chinese flag outside the company’s offices in Beijing, China. Tencent’s stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations. Thursday morning trade saw the Chinese …

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A former librarian spent $89,000 in public money on a mobile game

Carlos Osorio | Toronto Star | Getty Images A photo illustration of the mobile game, “Game of War.” A former librarian in Utah will serve 30 days in jail after he was found guilty of spending around $89,000 in public money on a mobile app called “Game of War,” a …

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Stocks making the biggest moves after hours: csco ntap bby sptn

Eduardo Munoz Alvarez | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on August 13, 2018 in New York City. The Turkish lira hit a record low on Monday, rattling global currency markets and falling 8 percent against the dollar.  Check out the companies …

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Homebuilder and construction stocks enter bear market

Getty Images A sign advertising a sale sits outside a Lumber Liquidators store on April 29, 2015 in Chicago, Illinois. Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark …

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Twitter suspends InfoWars account one day after suspending Alex Jones

Brooks Kraft | Getty Images Conspiracy theorist and radio talk show host Alex Jones speaks during a rally in support of Donald Trump near the Republican National Convention, July 18, 2016 in Cleveland, Ohio. Twitter on Wednesday suspended the official InfoWars account, the company told CNBC. The action comes one …

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SEC has reportedly served Tesla with a subpoena after Elon Musk’s take-private tweet

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. The SEC has served Tesla with a subpoena after CEO Elon Musk tweeted that he was considering taking the company private and that he had the necessary funding lined up, according to …

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Two Democrats poised to become the first Muslim women in Congress

Emilie Richardson | Bloomberg | Getty Images Minnesota Representative Ilhan Omar speaks during the Democratic Farmer Labor (DFL) Party endorsement convention in Minneapolis, Minnesota, June 17, 2018.  Two Democrats are poised to become the first Muslim women in Congress, offering a sharp counterpoint to the anti-Muslim policies and sentiment surfacing …

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GE falls to 9 year low below $12 per share

Akos Stiller | Bloomberg | Getty Images An employee unwraps turbine components inside the General Electric power plant in Veresegyhaz, Hungary. General Electric shares fell below $12 per share for the first time since July 24, 2009 on Wednesday, plowing a new low for the stock this year as investors …

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Charts of past currency crises show Turkey may face a lot more pain

The Turkish lira may be set for even more pain despite attempts by the country’s banking regulator to curb investor ability to buy and short the national currency. Quick political fixes tend to provide short-term rallies to foreign exchange markets, but frequently lead to a resurgence in volatility in a …

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Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss

Andrew Harrer | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence …

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