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Monthly Archives: August 2018

US and China want to regulate big tech ‘like national security’ firms

Fred Dufour | AFP | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. It’s not the first time Trump has criticized big tech companies. He has previously said Twitter “shadow …

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Inside Hema, Alibaba’s new kind of superstore: Robots, apps and more

Qilai Shen | Bloomberg | Getty Images An employee carries shopping bags used to fill online orders at an Alibaba Hema Store in Shanghai, China. The stores double as distribution centers, where assigned employees roam around filling bags with online orders, then place them on a conveyor belt to the …

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End of an era as HBO kills ‘Cathouse,’ ‘Real Sex,’ adult entertainment slate

Bobby Bank | Getty Images EDISON, NJ – NOVEMBER 13: Dennis Hof owner of the ‘Moonlite Bunny Ranch’ and Taylor Lee attend Exxotica Day 1 at New Jersey Convention and Exposition Center on November 13, 2015 in Edison, New Jersey.  Much like New York purged the porn from Times Square …

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Amazon looks to $1 trillion, but technical analyst bets on correction

Amazon just got a little closer to $1 trillion on Wednesday. The e-commerce company rallied after Morgan Stanley became the biggest bull on the Street with its $2,500 price target. Wednesday’s surge added around $32 billion to Amazon’s market cap, putting it less than $30 billion from the $1 trillion …

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Moody’s downgrades Ford credit rating to one notch above junk bond

Andrew Harrer | Bloomberg | Getty Images Jim Hackett, president and chief executive officer of Ford Motor Co., center, speaks to members of the media at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Jan. 14, 2018. Moody’s downgraded Ford’s credit rating to one notch …

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Advanced Micro just did something it hasn’t done since the dot-com bubble

Advanced Micro Devices is having a bad case of deja vu. A massive 139 percent rally this year has pushed AMD’s stock to its most overbought since before even the dot-com bubble, a peak before its shares crashed. One trader says it could burst again. “It’s had this great run …

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Ron DeSantis and Andrew Gillum clash for Florida governor

SAUL LOEB | AFP | Getty Images Rep. Ron DeSantis, Republican of Florida, and candidate for Florida Governor, speaks during a rally with President Donald Trump at Florida State Fairgrounds Expo Hall in Tampa, Florida, on July 31, 2018 With Trump’s backing, DeSantis easily beat the more traditional Republican choice …

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Jefferies says buy PayPal shares due its market leadership in online payments

Justin Sullivan | Getty Images A sign is posted outside of the PayPal headquarters on April 9, 2018 in San Jose, California.  PayPal shares will rise due to the strength of its core payment platform, according to Jefferies. The firm reiterates its buy rating for PayPal shares, predicting it will …

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Cave explorer Elon Musk called a ‘pedo guy’ is preparing a lawsuit

Yuriko Nakao | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla  Elon Musk’s tweets may have him in legal hot water. Vernon Unsworth, a British cave explorer who was assisting in the rescue of a Thai youth soccer team trapped in a cave in July, …

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Amazon rises, drives the Nasdaq 100 index to all-time high

Jason Redmond | AFP | Getty Images Chief Executive Officer of Amazon, Jeff Bezos, tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018.  Shares of Amazon rose nearly 2 percent Wednesday after a price target boost from Morgan Stanley, and it’s …

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