Trading Ideas
Google Loses 2 More Cloud, AI Execs
The loss of its AI chief to Apple was just the tip of the iceberg. …read more […]
Month: July 2018
Business News
Bonds fear fading stimulus, China shares at one-month top
Global bond markets were tense on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from internet giant Alphabet supported tech stocks in Asia.
Business News
Global bonds unsettled by tightening talk, U.S. growth outlook
Global bond markets were under strain on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from Alphabet could support tech stocks in Asia.
Business News
Alphabet trounces profit estimates as Google reins in costs
Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.6 percent after hours.
Trading Ideas
Google CEO Sundar Pichai revealed a jaw-dropping fact about its translation app that shows how much money is still sitting on the table (GOOGL, GOOG)
Google Translate could end up being the search giant’s next hit product. Google doesn’t sell ads on the service, but its potential appeal for advertisers is obvious. During Google’s second quarter earnings conference call on Monday, CEO Sundar Pichai revealed an intriguing piece of information that hints at the translation product’s money-making potential. …read more […]
Trading Ideas
Microsoft is building low-cost, streaming-only Xbox, says report
It was revealed at E3 last month that Microsoft was building a cloud gaming …read more […]
Business News
Nike to raise wages for thousands of employees
Nike Inc said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.
Business News
Alphabet trounces profit estimates as costs come into check
Alphabet Inc on Monday reported expenses from its Google search business were growing more slowly and that revenue from advertising and cloud computing rose faster than analysts anticipated, boosting its earnings beyond Wall Street targets and pushing shares up 3.6 percent after hours.
Trading Ideas
Alphabet trounces profit estimates as costs come into check
Google’s dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software and other regulatory actions. “There was never a question about Google’s dominance of a buoyant digital ads market,” said analyst Richard Kramer of Arete Research. The company has seen costs rise and profit margins dip as more searches and ads get shown on mobile devices, where Apple Inc (AAPL.O) and other firms charge fees to distribute Google search on their devices and apps. …read more […]
Trading Ideas
Is iQiyi Really the Next Netflix?
Chinese streaming video platform iQiyi (NASDAQ:IQ) has had a strong, if bumpy run, since its late-March IPO. All told, IQ still has gained around 80% from its IPO price of $18, and it has more than doubled from its first-day close. One reason for the optimism is that IQ offers an attractive story. …read more […]
Business News
Cost to insure Tesla’s debt rises on growing default fears
The amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds.
Trading Ideas
Honeywell eyes supplier shift to avoid tariff hit
Honeywell’s shares rose as much as 4.4 percent to $153.99 after the company also reported a better-than-expected quarterly profit and raised its 2018 profit forecast for the third time as it benefits from increased demand for aircraft parts and services. The conglomerate said it had boosted prices on some of its products and had locked in purchases of some raw materials and components before new tariffs on imports from China came into effect. …read more […]
Trading Ideas
Why LifePoint Health, Hi-Crush Partners, and Cleveland-Cliffs Jumped Today
From a go-private merger to multiple analyst upgrades, see why these three stocks jumped today. …read more […]
Trading Ideas
Why Cal-Maine Foods, Papa John's International, and Netgear Slumped Today
From earnings news to a poison pill, here’s why these three stocks fell on Monday. …read more […]
Trading Ideas
Texas Instruments (TXN) Loses 0.3% Ahead of Earnings: What To Expect
Shares of Texas Instruments (TXN) lost about 0.3% during regular hours Monday, the last day of trading before it releases its latest quarterly earnings report. Here’s what to expect Tuesday afternoon. …read more […]