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Reuters A SpaceX Falcon Heavy rocket lifts off from historic launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. The second flight of the most powerful rocket in operation is about three weeks away, people familiar with the plans told CNBC on Friday. …
Read More »AWS pilots Pro-Rata Program to connect investors with start-ups
David Paul Morris | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon is testing a new way to bolster its relationship with start-ups and …
Read More »Facebook stocks falls after Cox exit, outage, threats from Washington
Facebook Facebook’s chief product officer, Chrix Cox, left, and CEO Mark Zuckerberg. Facebook stock is falling Friday, the day after Chief Product Officer Chris Cox announced he was leaving the company in light of its recent pivot to privacy. Shares fell as much as 4.5 percent in early trading, sinking …
Read More »Tesla shares fall 5 percent after company unveils Model Y
Frederic J. Brown | AFP | Getty Images Tesla CEO Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, California on March 14, 2019. Tesla shares opened down 5 percent Friday morning, hours after the company unveiled the Model Y crossover utility vehicle that some Wall …
Read More »AT&T shares rise after Raymond James upgrades, says stock cheap compared to Verizon
Janhvi Bhojwani | CNBC Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018. Telecommunications giant AT&T rose 0.7 percent in the premarket Friday after an analyst at Raymond James upgraded the stock, noting it trades at a more attractive …
Read More »Snap has doubled this year, don’t buy because of ‘FOMO,’ says technician
It wasn’t a snap decision. After two years on the sidelines, BTIG’s Rich Greenfield upgraded shares of social media company Snap to a buy rating Thursday. The stock surged more than 12 percent on Greenfield’s call that the name can reach $15 based on advertising growth. Snap has more than …
Read More »Apple slams Spotify’s claims about its App Store being unfair
Brendan McDermid | Reuters Apple CEO Tim Cook speaks at the Anti-Defamation League’s “Never is Now” summit in New York City, December 3, 2018 Apple refuted Spotify’s complaints that its App Store creates unfair competition, saying the music streaming company’s goal is to “make more money off others’ work.” Spotify …
Read More »SEC may charge Volkswagen over diesel scandal
Patrick T. Fallon | Bloomberg | Getty Images Hoses connect laboratory emission testing equipment to a red 2016 Volkswagen AG Golf TDI inside the California Air Resources Board Haagen-Smit Laboratory in El Monte, California. The Securities and Exchange Commission may take enforcement action against Volkswagen over the German automaker’s involvement …
Read More »Walmart is planning to sell its own tablets
Beth Hall | Bloomberg | Getty Images Shoppers walk past the entertainment and electronics section in a Wal-Mart Supercenter store in Rogers, Arkansas. Walmart is making its own tablet in a move to challenge tech giants Amazon and Apple. The company has filed a wireless product application for a tablet …
Read More »Snap surges after skeptic upgrades to buy citing stronger advertising
Shares of social media company Snap rallied more than 6 percent Thursday after one longtime skeptic upgraded the stock and told clients that it’s set for outperformance thanks to better advertising sales. BTIG analyst Richard Greenfield now recommends investors buy the beat-up equity and thinks that the media sharing platform …
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