On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US. Before the day was over, Facebook’s CEO had published a post denouncing the order.
Category: Startups
Trump spurred a ‘consumer awakening’ that is pushing…
On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US. Before the day was over, Facebook’s CEO had published a post denouncing the order.
Google brings Assistant to Android phones
Google’s voice-activated digital assistant will soon be available on smartphones running the latest versions of the Android operating system. LG was one of the first smartphone makers to reveal it would feature the assistant on its new device, the G6.
Warren Buffett credits ‘miraculous’ America in part to ‘tide…
The Berkshire Hathaway CEO has long been a believer in the economic power of the American people and its institutions and that opinion does not appear to have changed in his 2016 Annual Letter to Shareholders. “From a standing start 240 years ago a span of time less than triple my days on earth Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers.”
Related Article: Why You Won’t Be as Lucky as Billionaire Warren Buffett When Investing in Apple
Billionaire Warren Buffett’s Berkshire Hathaway quadrupled its stake in Apple during the fourth quarter. Last year, Apple shares slumped 30% from its prior record back in 2015, but are now up 17% year-to-date, as the stock reached a record high earlier this week.
Related Article: What Buffett, Icahn and Other Billionaire Investors Are Buying in the Trump Era
Warren Buffett, Carl Icahn, David Einhorn, Dan Loeb and Bill Ackman have been making some major investment moves in recent months, as revealed in regulatory filings with the Securities and Exchange Commission this week. They’ve invested millions, if not billions, of dollars in companies like Apple , Herbalife , Chipotle and Goldman Sachs .
Apple’s Oscar Moment Is Coming
Amazon made history this year as the first internet company to score an Oscar nomination for Best Picture, but it could soon be overtaken by Apple. Amazon is the upstart to break into the Best Picture category at this year’s Oscars, but Apple ‘s year is coming, Loup Ventures wrote in a note released on Friday.
Why Intel and Samsung’s Latest 4G Modem Launches Should Make Qualcomm a Little Nervous
This column originally appeared on Feb. 24 on Real Money, our premium site for active traders. Click here to get great columns like this.
Al Gore just sold $29 million of Apple stock
Former US Vice President Al Gore sold 215,437 shares of Apple this week at an average price of $136.72 per share – a transaction netting him about $29.4 million. The sales appear to represent a significant portion of Gore’s stake in the iPhone maker.
Intel and Samsung’s Latest 4G Modem Launches Should Make Qualcomm a Little Nervous
Since Qualcomm has a near-monopoly position in the 4G LTE and 3G EV-DO modem markets, Apple and others have argued, phone makers have had little choice but to agree. and to a lesser extent Samsung are welcome news for Qualcomm, since their feature sets give Qualcomm more ammo for its claim that its chip customers have plenty of alternatives.
BRIEF-Stephen Sherwin to from Rigel Pharmaceuticals board
WASHINGTON, Feb 24 The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc.
HP Enterprise’s Struggles Might Have a Lot to Do With Microsoft
Weak demand from an unnamed “tier-1 service provider” is hurting HPE’s server sales and portends some troubling developments. Microsoft’s cloud unit is the most likely culprit.
Samsung rivals to set the tone at Mobile World Congress
Samsung rivals to set the tone at Mobile World Congress Samsung’s decision to hold off launching the next Galaxy phone clears the way for others. Check out this story on USATODAY.com: http://usat.ly/2mdQa1e A woman reacts as she uses a new Samsung Gear 360, a 360-degree camera, at the Mobile World Congress.
How Customer Loyalty Programs Are Letting You Down
Companies waste billions on loyalty programs that don’t bring in new customers and leave faithful clientele in dreadful debt. But fixing loyalty programs isn’t easy.
How Customer Loyalty Programs Are Letting You Down
Companies waste billions on loyalty programs that don’t bring in new customers and leave faithful clientele in dreadful debt. But fixing loyalty programs isn’t easy.
Twitter, Snapchat Probed in France as Facebook Alters User Terms
French fraud watchdogs are investigating potential abusive clauses in the terms and conditions applicable for users of Twitter Inc., WhatsApp, Alphabet Inc.’s Google + and Snap Inc.’s Snapchat. Facebook Inc. was the first social platform to come under scrutiny but the Menlo Park, California-based company amended its user terms in December after the watchdogs identified several issues, Nathalie Homobono, who heads the French fraud office, known as DGCCRF, told journalists in Paris Thursday.
FireEye Once Pursued By Symantec, But No Deal Emerged
Six months ago cyber security company Symantec was in talks to acquire FireEye , but now the company is no longer pursuing a deal, sources revealed to Reuters on Thursday. The two companies were not able to reach an agreement due to disputes over price.
Nvidia Stock Slumping as Instinet Says Valuation ‘Unsustainable’
Shares of Nvidia are lower by 8.53% to $101.26 in early afternoon trading on Thursday, after the visual computing company received some negative analyst comments . Instinet slashed its rating on the stock to “reduce” from “buy,” citing that the stock is as expensive as it has been in the last 10 years, Barron’s reports.
Nvidia Shares Plummet as Analysts Downgrade High-Flying Stock
Nvidia may have been the tech sector’s darling in 2016, but two firms believe the chipmaker could soon lose its lead in several key markets. Nvidia has become synonymous with an explosive growth story that’s managed to touch nearly all of the chipmaker’s business units.
How Starboard Hopes to Extract Value From Tribune
The fund recently disclosed a stake in the broadcaster, an investment suggesting a campaign pushing for stock buybacks, asset sales or an auction of the whole company could be next. Starboard Value ‘s Jeff Smith recently disclosed a 6.6% stake in Tribune Media , one of the fund’s largest positions and an investment that suggests an activist campaign pushing for stock buybacks, asset sales or even an auction of the whole company could be next.
Tesla Motoring Towards All-Time Intraday High Pre-Earnings
Tesla is a speculative stock with both bull and bear market trends over the past five years that’s currently on a strong post-election bull market run-up. Shares of Tesla are in bull market territory, up 55.7% since their post-election day low of $178.19 set on Nov. 14. The most important reason to like the stock is the creative entrepreneurial spirit of its CEO Elon Musk.
Starboard’s Smith Launches Activist Campaign at Tribune Media
The insurgent investor reported a 6.6% stake and said he may make recommendations to the company involving board structure and “potential business combinations.” Tribune Media’s share price spiked in late trading Tuesday after activist investor Starboard Value’s Jeff Smith suggested that he may make recommendations to the company involving board structure, capitalization and “potential business combinations.”
Facebook, MLB in Talks to Stream Live Games
Facebook and Major League Baseball are in advanced discussions to live stream one game per week this upcoming season on the social media giant’s platform, according to Reuters , citing sources. This is a developing story.
Apple’s Reported Plan to Launch Several New iPads Makes Sense, But Won’t Stabilize Tablet Sales
Launching new iPad Pro models should strengthen Apple’s grip on the high-end. But bigger improvements will be needed to spark an industry recovery.
Google Brings Tilt Brush To The Oculus Rift
The company may have its own VR platforms, but that isn’t stopping it from developing great content for other systems. If you have an Oculus Rift and have been feeling left out because you can’t use one of the most-awarded virtual reality experiences, Google’s ready to let you in on the fun.
AT&T says its merger with Time Warner is exactly what customers want
With AT&T planning to avoid a Federal Communications Commission review of its merger with Time Warner, Senate Democrats led by Al Franken recently asked the company to prove that the acquisition will benefit Americans. AT&T gave its response on Friday with a letter that describes the merger’s promised benefits-including targeted advertising.
Apple Price Target Raised at Morgan Stanley
Shares of Apple were climbing on Tuesday after Morgan Stanley hiked its price target on the tech titan’s stock to $154 from $150. The firm echoed increased sales optimism in China and that the country could represent “outsized growth” in fiscal 2018.
Microsoft Faces European Privacy Probes Over Windows 10
Microsoft Corp. faces a coordinated investigation by European privacy regulators after it failed to do enough to address their concerns about the collection and processing of user data with a series of changes to Windows 10 last month. European Union data-protection officials sent a letter to Microsoft saying they remain “concerned about the level of protection of users’ personal data,” according to a copy of the document posted by the Dutch watchdog Tuesday.
Facebook Messenger Now Lets You Send Money With Transferwise
International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology as a bot — a piece of automation software that understands natural language — baked within Messenger.
Verizon Revises Deal With Yahoo!, Sale to Go Forward
Yahoo! shares were climbing slightly premarket following a Wall Street Journal report that Verizon agreed to go forward with its acquisition of the Internet company, though Verizon will cut as much as $350 million off of its original $4.83 billion offer. The revised offer comes after Yahoo! warned of two data breaches last year that potentially affected more than 1 billion user accounts.
Apple’s Upcoming iPhone Helps Foxconn’s Gravity-Defying Act
Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria.
7 Great Reasons to Buy Netflix, Inc. and Never Sell
The stock has provided a 62% return over the last 52 weeks, 714% in five years, and a hair-raising 4,300% gain in a decade. The good times are not drawing to a close, either.
2 Top Internet-of-Things Stocks to Buy Now
The Internet of Things is a $19 trillion opportunity,according to former Cisco Systems CEO John Chambers. That figure may be overstating it, but the IoT does present one of the most significant investment opportunities of our times.
Better Buy: Berkshire Hathaway vs. Coca-Cola
Today, those 400 million shares of Coke stock are worth over $16 billion. And it gets even better: At its current rate of $0.35 per share in quarterly dividends, Berkshire will receive $560 million in income from Coke this year.
Why It Makes Sense for Apple to Make iPhone SEs in India, but Not Other Models
The tech giant’s reported plans to produce the low-cost iPhone model in India would allow it to avoid important tariffs and possibly obtain lower labor costs. For years, Tim Cook has argued that India is Apple’s next big emerging markets growth opportunity as its huge population, growing middle class and 4G network rollouts create a large base of consumers able and willing to buy a high-end smartphone.
Apple Is on a Crash Course to Being First Company to Ever Be Worth $1 TRILLION
Apple’s market cap is surprisingly only 40% away or so from reaching $1 trillion. Don’t laugh, the milestone could very well happen.
Snap ‘Not Going to Be the Next Facebook,’ NYT’s Isaac Contends
New York Times reporter Mike Isaac expects the Snap IPO to go well, but believes subsequent quarters could be ‘tenuous.’ Snap’s long awaited IPO is expected to have its final price set by March 1, according to CNBC .
Stada Bid War Unfolds as Third Suitor Offers $3.84 Billion
Stada Arzneimittel AG is weighing offers as a bidding war for one of the last remaining generic-drug businesses of its size in Germany and Russia begins to unfold. The company said Thursday it received interest from a third firm that made a non-binding offer of 58 euros a share, or about 3.61 billion euros .
Apple Said to Weigh Chinese Supplier for Next-Gen iPhone Screens
Apple Inc. is in discussions with China’s BOE Technology Group Co. to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics Co.
Facebook takes aim at Youtube with new standalone TV app
The move could allow it to eventually better compete with the likes of YouTube and traditional television channels for advertising revenue. Users with Apple TV, Amazon’s Fire TV and Samsung’s Smart TVs will be able to watch Facebook’s user-generated videos directly on their televisions.