Alibaba will report earnings tomorrow before the bell. Analysts expect a healthy jump in revenue, but will earnings get hit as the Chinese e-commerce giant ramps up its investments in logistics and retail. …read more […]
The rise of Nvidia (NASDAQ:NVDA) has been driven, not by bitcoin, but by its data-center business. As the Cloud Czars — Amazon.com (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB) — race to add artificial intelligence to their clouds to support next-generation services, they’re buying fast graphics chips from Nvidia in car-load lots. This has fueled Nvidia’s hyper-growth in the stock market, the shares up nearly 300% in just two years. …read more […]
Proxy adviser Glass Lewis & Co has recommended that shareholders in British sportswear retailer Sports Direct International Plc vote against some directors, including Chief Executive Mike Ashley and Chairman Keith Hellawell, at the company’s annual meeting on Sept. 12.
Investors in the debt and in the equity options of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize.
Find out which stocks held back the overall market. …read more […]
U.S. stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run.
Key U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar slid further on Wednesday as investors weighed how a conviction and a guilty plea of former advisers will impact U.S. President Donald Trump.
Chipmakers, cloud-computing sellers and even credit card payment companies will have a greater chance to stand out in the information technology sector next month following the largest-ever shakeup of Wall Street’s industry classification system.
Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed.
Paul Manafort seemed rich – but he was buried in debt, and desperate. …read more […]
Iran unveiled a fighter jet Tuesday which it claimed was new, domestically designed, and locally built. Aviation experts said the plane is in fact a Northrop F-5F, first built by the U.S. in the early 1970s. Iran is estimated to have 48 F-5 planes stil… …read more […]
The Chinese e-commerce giant has struggled to grow its stock over the last year as company spending and fears of a U.S.-China trade war have put a dent in BABA stock. Alibaba has invested heavily in physical infrastructure. For most of its history, the company has more closely resembled eBay (NASDAQ:EBAY) in that it acted as the middleman. …read more […]
Jurors found Gary Eugene Holmes guilty of first-degree murder and terroristic threatening in the December 2016 death of Acen King. Acen was shot in the back and died later that night at a hospital. Acen’s grandmother, Kim King-Macon, said she did not know Acen had been shot until she arrived at a shopping center about 10 miles away. …read more […]
Excluding Tesla (NASDAQ:TSLA), chipmaker Advanced Micro Devices (NASDAQ:AMD) is arguably one of the most hotly debated stocks on Wall Street. Bears believe that AMD’s current rate of market share expansion is unsustainable. Eventually, Intel and Nvidia will punch back, and when they do, AMD stock will drop, according to the bulls. …read more […]
A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson in a case involving 22 women and their families who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
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