Archive — Page 9
Browse historical coverage in reverse chronological order.
Stocks will reach record highs in 2021, CFRA’s Sam Stovall predicts
What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the firm’s chief investment…
New York City Moves to Limit Fees From Meal-Delivery Apps
New bills passed Wednesday in the New York City Council will cap delivery fees charged by services like Grubhub and prohibit other charges, a move lawmakers say will help struggling businesses as the city fights the coronavirus. Under the…
UK’s ANNA raises $21M for its SMB-focused business account and tax app – StockSharksNewsh
Small and medium businesses and sole-traders account for the vast majority of businesses globally, 99.9% of all enterprises in the UK alone. And while the existence millions of separate companies, with their individual demands, speaks of…
Trump extends U.S. telecom supply chain order aimed at Huawei, ZTE
WASHINGTON/NEW YORK (Reuters) – President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by…
Here’s how your Uber ride will change, starting May 18 – StockSharksNewsh
Uber is rolling out a series of changes to its ride-hailing and on-demand food delivery apps, beginning Monday, as cities and states lift stay-at-home orders prompted by the COVID-19 pandemic. The changes, which includes an online…
Shares of sensor maker AMS dive after proposes capital hike
VIENNA (Reuters) – Shares in AMS (AMS.S) fell by 11% on Wednesday following news the sensor maker, best known as a supplier to Apple (AAPL.O), was seeking approval for a capital raise. FILE PHOTO: The logo of sensor specialist AMS is seen…
Intel, Health Institutions to Use Emerging AI Technique to Improve Tumor Detection
Intel Corp. and a group of top health-care institutions are working with an emerging artificial-intelligence technique to build a system that will make it easier for radiologists to spot brain tumor boundaries. The group, which is led by…
Inria releases some source code of French contact-tracing app – StockSharksNewsh
French research institute Inria has released a small portion of the source code that is going to power France’s contact-tracing app StopCovid. It is available on several GitLab repositories under the Mozilla Public License 2.0. While the…
Elon Musk threatens to move Tesla production out of California over stay-at-home order
Elon Musk on Saturday filed a lawsuit against California’s Alameda County to reopen the Fremont Tesla plant despite the stay-at-home order. He also threatened to move Tesla production to Nevada or Texas.Musk tweeted “Tesla is filing a…
Biden raises $2.7 million in first virtual fundraiser with DNC
Joe Biden’s first virtual fundraiser embracing the new rules of an agreement with the Democratic National Committee brought in big money in Friday night’s joint fundraiser. The virtual event raked in $2.7 million dollars, a source with…
Google to waive ad serving fees for news publishers amid virus crisis
FILE PHOTO: File photo of a 3D printed Google logo in illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Friday it will waive for the next five months the…
Siemens CEO rules out job cuts from coronavirus impact
FILE PHOTO: German engineering group Siemens CEO Joe Kaeser attends a news conference prior to the annual general meeting in Munich, Germany February 5, 2020. REUTERS/Andreas Gebert ZURICH (Reuters) – Siemens will not cut its workforce…
Startup Funding Dwindles Due to Coronavirus Slowdown
Early-stage funding for startups is drying up as the coronavirus outbreak puts investors on edge, spelling trouble for large corporations looking to snatch up innovative technology and talent. Capital from seed-stage funding, often the…
Netflix is currently down for many users around the world – StockSharksNewsh
Netflix is currently experiencing outages around the world, but affecting mostly users in the United States and Europe. According to Down Detector, users began reporting issues around 12PM Eastern Standard Time on Wednesday, and many…
Tesla to reopen New York plant ‘as soon as humanly possible’ to make ventilators: Musk
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo (Reuters) –…
Tech’s Next Disruption Target: The Coronavirus
Silicon Valley’s technology whizzes are mobilized to fight the coronavirus, trying to hack everything from disease modeling to elder care and medical-device manufacturing. Yet it isn’t clear how best to apply the industry’s talents for…
3D-printing company Formlabs expects its swabs to receive FDA exemption – StockSharksNewsh
Formlabs, the privately held, Massachusetts-based 3D-printing company, will soon receive an exemption from the U.S. Food and Drug Administration for its swab designed for use in COVID-19 test kits, TechCrunch has learned. Global supply…
Micron sees revenue above estimates as demand rises for remote-work devices
(Reuters) – Chipmaker Micron Technology Inc (MU.O) forecast current-quarter revenue above analysts’ estimates on Wednesday and said the shift to work-from-home globally due to the coronavirus outbreak is fueling demand for notebooks and…
Coronavirus Cases Surpass 60,000 in U.S.; Spain Death Toll Overtakes China
The number of confirmed cases of the new coronavirus in the U.S. surpassed 60,000, led by a continued surge of infections in New York, as lawmakers worked to soften the economic consequences of the pandemic that has shut down wide swaths…
Groupon’s CEO, Chief Operating Officer Both Step Down
Groupon Inc. said its chief executive and chief operating officer have relinquished their roles, effective immediately. Rich Williams stepped down as CEO and board member and Steve Krenzer as chief operating officer on Wednesday, but both…
Who needs Instacart? U.S. farmers expand food deliveries during coronavirus outbreak
CHICAGO/OKLAHOMA CITY (Reuters) – Farmers in rural America are expanding food delivery services to meet rising demand from consumers seeking to isolate themselves during the coronavirus pandemic and frustrated by empty grocery-store…
What happens if a pandemic hits? – StockSharksNewsh
What happens if a Covid-19 coronavirus pandemic hits? It’s time to at least start asking that question. What will the repercussions be, if the virus spreads worldwide? How will it change how we live, work, socialize, and travel? Don’t get…
HQ Trivia shuts down after acquisition falls through – StockSharksNewsh
HQ Trivia is dead. Today the company laid off its full staff of 25 and will cease operation of its trivia, sports and word guessing games, a source close to the company confirmed. HQ Trivia had a deal in the works to be acquired, but the…
Love Won't Move Your Freight?
On today’s Valentine’s Day episode, we’re talking about two carrier shutdowns, Wayfair layoffs, and Celadon repo scams. Lakeshore Records Brian McNelis dials-in to shed light on how a fire at a US vinyl record factory could cause massive…
Roku Expects to Sustain Robust Revenue Growth
Roku Inc. said it expected revenue to increase 42% in 2020 after posting 52% growth last year, fueled in part by an explosion of new streaming services and the transition of customers from traditional pay TV to streaming video. The Los…
Sharp Rise in Coronavirus Cases Raises Questions About Outbreak’s Peak
New cases of the coronavirus rose sharply after Chinese authorities changed the criteria for diagnosing the illness, raising questions about how soon the outbreak will peak. On Thursday, health officials in Hubei province, the epicenter…
A Deeper Dive Into New Rules for Retirement Plans
Ever since Congress passed a spending bill in December that includes significant changes to the U.S. retirement system, Wall Street Journal readers have been asking questions about the impact on their retirement accounts. In December, we…
To Store the Wind and Sun, Energy Startups Look to Gravity
In the Alpine town of Arbedo-Castione, Switzerland, an electric-blue, 400-foot-high crane with six heads lifts a block of compacted soil into the air and carefully adds it to the top of a stack. Later, the crane will reverse that process,…
Innovaccer wants to be the service that unifies all healthcare data – StockSharksNewsh
The holy grail for technology companies working in the healthcare industry is becoming the gateway for all healthcare data. Big legacy providers like Epic and Cerner are trying to reach out to hospital networks to hoover up all of their…
Federal Judge Halts Pentagon Cloud Contract
WASHINGTON—In a win for Amazon.com Inc., a federal judge ordered the Pentagon on Thursday to halt work on the massive JEDI cloud-computing contract awarded to rival Microsoft Corp. Judge Patricia Campbell-Smith of the U.S. Court of…
Truck Carrying $30 Million In Liquid Meth Seized In El Paso
U.S. Customs and Border Protection (CBP) agents working at the Ysleta port of entry in El Paso, Texas, seized 1,543 pounds of liquid methamphetamine Wednesday. CBP officials told FreightWaves the liquid methamphetamine “would have an…
Even ‘Big Short’ Steve Eisman is giving up on betting against Tesla
Steve Eisman Olivia Michael | CNBC Steve Eisman, one of the investors who famously bet against the subprime mortgage crisis, said he has killed his money-losing bet against Tesla amid its “cult-like” rally. “I covered it a while ago,”…
U.S. Troops in Firefight in Syria After Encounter With Pro-Regime Forces
A U.S.-led patrol came under fire in northern Syria after a confrontation with pro-Syria troops at a checkpoint and returned the fire, military officials said, in a rare encounter between American and regime forces. The U.S.-led coalition…
White House advisor Kudlow says economic growth will top 3% this year
President Donald Trump’s top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020. “This is a long cycle, and what you’ve got here in the Trump years is essentially a mini…
eBay is more like the NYSE than Amazon, says Intercontinental Exchange CEO Jeffrey Sprecher
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images The e-commerce giant eBay more closely resembles the New York Stock Exchange than it does Amazon, at least in the eyes of Intercontinental Exchange CEO Jeffrey…
Why Wait?: Mobile App Shaves Hours Off Check-In Process
Drivers have been subjected to long lines and imposing wait times at warehouses for decades. It is not uncommon for drivers to spend several hours waiting to load or unload, eating into their 14-hour clocks and threatening carriers’…
Fed Chair Powell likely to give Congress largely positive economic update
(Reuters) – Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential…
Full-service cloud kitchen brand Kitopi raises $60M
Dubai- and New York-based Kitopi, which provides delivery-only managed cloud kitchens, announced a $60 million Series B funding round, according to Nation’s Restaurant News. This cash infusion tops off a $27.2 million Series A in late…
Tesla ramps up solar tile roof installations in US, eyes China and Europe expansion
Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk, who, in a series of tweets, provided the first substantial…
Amazon wants to question Trump after losing $10 billion Pentagon cloud contract
Amazon is seeking to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon cloud contract awarded to Microsoft. In court documents unsealed and filed Monday,…
Unpacking Uber’s new profitability promise – StockSharksNewsh
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday Uber reported its Q4 2019 financial performance. Today, following the news, shares of the ride-hailing giant…
‘We’ll see; – U.S. Vice President on whether U.K.’s 5G decision could hurt possible trade deal
FILE PHOTO: U.S. Vice President Mike Pence speaks during a campaign rally by U.S. President Donald Trump in Des Moines, Iowa, U.S., January 30, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. Vice President Mike Pence said on…
The Key to Keeping the Lights On: Artificial Intelligence
That was a big improvement from 2005, when recovery from Hurricane Wilma took 18 days. Investments in technology paid off. Now, FPL is looking to reduce recovery time further, by harnessing artificial intelligence, sensors and drones to…
More tech workers are starting to unionize – StockSharksNewsh
Within the last two months, two groups of gig workers have effectively organized and joined unions. The first was a group of 40 San Francisco-based workers for scooter startup Spin that joined Teamsters Local 665. The second was a group…
American Express earnings beat expectations on strong card fee revenues
American Express on Friday reported fourth-quarter results that beat analyst expectations, sending the stock higher, as card fee revenues grew more than expected. The shares rose 2.4% in premarket trading. Here’s how the payments…
Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in – StockSharksNewsh
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming (among other things) that Opera’s…
CBS Bets Big on ‘Star Trek: Picard’ to Boost Streaming Business
As the overseer of the “Star Trek” television properties for Viacom CBS Inc., VIAC -0.72% producer Alex Kurtzman is charged with updating the space drama for a new generation without alienating its hard-core fans. But he knows there is…
Apple Inc. (NASDAQ:AAPL) – Apple Gets Another Price Target Hike, Analyst Predicts Strong Services Trends
On the heels of a price target revision by DA Davidson to a Street-high $375 earlier this week, Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Apple Inc. (NASDAQ: AAPL) and raised his price target from $275 to $355,…
Amazon’s Bezos Pledges New $1 Billion India Investment Amid Pushback
NEW DELHI— Amazon.com Inc. Chief Executive Jeff Bezos pledged to invest an additional $1 billion in the company’s Indian operations, part of a charm offensive in a promising but challenging market. Mr. Bezos told a gathering of local…
Mobile payment app Lydia raises $45 million round led by Tencent – StockSharksNewsh
French startup Lydia is raising a $45 million Series B round (€40 million). Tencent is leading the round with existing investors CNP Assurances, XAnge and New Alpha also participating. If you live in France, chances are you already know…
Rogers begins roll out of 5G network in major Canadian cities
TORONTO (Reuters) – Rogers Communications Inc (RCIb.TO) said on Wednesday it has started rolling out the fifth-generation (5G) telecoms network in Canada’s select cities, becoming the country’s first cellphone provider to offer the…
Retailers Hope In-Store Tech Will Keep Shoppers in Stores
At the National Retail Federation’s 2020 Vision conference this week, a number of startups and established technology vendors touted how they can help traditional retailers keep shoppers spending money in physical stores. Some of the…
Zinier raises $90M to automate filed service management – StockSharksNewsh
Zinier, a startup that is bringing automation to the field service management realm, announced today that it has raised $90 million in fresh funding as it looks to tackle new categories and court more clients. The San Francisco-based…
U.S. judge hears closing arguments in T-Mobile-Sprint merger trial
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – U.S. wireless carriers T-Mobile…
T-Mobile-Sprint Deal Concern Mounts on Wall Street
Wall Street is growing more nervous about the fate of the proposed merger of T-Mobile US Inc. TMUS 0.50% and Sprint Corp., S -0.61% as lawyers for the companies prepare to make final arguments Wednesday in defense of their deal. Shares of…
Felix Capital closes $300M fund to double down on DTC, break into fintech and make late-stage deals – StockSharksNewsh
To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue to run strong in the year ahead after startups across Europe raised…
Wall Street dips from record in ‘Jason Bourne market’
(Reuters) – U.S. stocks dipped on Tuesday, reversing earlier intraday record highs, following a report that the United States would likely maintain tariffs on Chinese goods until after November’s presidential election. The eventual…
The Fed could cut interest rates 3 times this year, UBS predicts
Swiss wealth giant UBS has predicted that the U.S. Federal Reserve could lower interest rates three times in 2020 — a forecast that differs widely from many other projections calling for no change or just one rate cut this year. Arend…
Bank of Canada sees uptick in business confidence but Prairies remain weak
The Bank of Canada’s latest business outlook survey suggests business confidence has edged higher as global trade tensions have eased, but the Prairies continue to remain a weak spot.The central bank’s Business Outlook Survey also…
Cannabis ETFs Start to Cross the Atlantic
Europe got its first cannabis exchange-traded fund this week. The news is as much a sign of pressures in the North American pot industry as one of pent-up demand among European investors. The Medical Cannabis and Wellness ETF started…