The volatility inherent in the cryptocurrency mining business is making a top Wall Street firm slightly less bullish on Nvidia. Goldman Sachs reiterated its buy rating for Nvidia shares, but removed the chipmaker from its “conviction list,” citing concerns over its digital currency business. “While we continue to see meaningful […]
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Grumpy Cat won $710,000 for copyright infringement — plus 4 other viral stars still cashing in
Grumpy Cat — the feisty feline that rose to popularity in 2012 for her perfectly miserable pout — is still making her owner, Tabatha Bundesen, some serious cash. Bundesen recently won $710,00 for copyright and trademark infringement. The offending party is Grenade Beverage, the maker of Grumpy Cat Grumpuccino, which […]
Trump says his State of the Union viewership was ‘the highest number in history.’ He’s wrong
President Donald Trump’s State of the Union address was one of the longest in modern history. It was also one of the most watched, according to data collected by Nielsen, the television research firm. Nearly 46 million viewers tuned into Trump’s speech, making it the sixth-most-watched address to a joint […]
January planned job cuts are down nearly 3% from last year: Challenger
Companies announced plans to cut 44,653 jobs in January, a decrease of nearly 3 percent from last year, a private survey reported Thursday. The number represents an increase of about 38 percent from the previous month, when 32,423 cuts were announced. “The good news for those who are finding themselves […]
UPS beats on top and bottom line earnings
UPS reported quarterly earnings and revenue that beat analysts’ expectations on Thursday. EPS: $1.67 vs. $1.66 expected, according to Thomson Reuters Revenue: $18.83 billion vs. $18.19 billion expected according to Thomson Reuters UPS stock was down more than 2 percent in pre-market trading after the company reported its quarterly earnings. […]
GOP lawmakers put their medical skills to work after a deadly train crash
Republican members of Congress with medical experience put their skills to work after a train carrying dozens of them crashed into a garbage truck in rural Virginia, killing one person in the truck and injuring others. The congressmen were on their way to a strategy retreat in the countryside when […]
Elon Musk’s Boring Company sells all of its flamethrowers in less than a week
Billionaire Elon Musk’s The Boring Company has sold all 20,000 of its flamethrowers in just five days. The entrepreneur announced Sunday that his tunneling firm had started selling flamethrowers. The devices were available for pre-order at a price of $500 each, and customers were also able to buy an “overpriced” […]
Court overturns doping decisions on 28 Russian athletes
The Court of Arbitration for Sport (CAS) has upheld appeals from 28 out of 39 Russian athletes who were given lifetime Olympic bans for doping violations at the 2014 Sochi Games, it said on Thursday. CAS said that in the 28 cases, the sanctions imposed by the International Olympic Committee […]
Consumer goods giant Unilever sees accelerated sales growth
Unilever reported a bigger-than-expected acceleration in fourth-quarter sales growth on Thursday helped by a step-up in emerging markets that saw the consumer goods maker end its tumultuous year on a higher note. The maker of Dove soap and Ben & Jerry’s ice cream – which spent most of last year […]
Shell quarterly profit jumps 140% after ‘a year of transformation’
Oil giant Royal Dutch Shell reported profits more than doubled in the fourth quarter of 2017 on Thursday, supported by a recent rally in oil and gas prices. Net profit attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding […]