An analyst at a small research firm told his clients Twitter shares have gone up way too far. Twitter shares jumped 17 percent Thursday after the social media company reported a net profit for the first time and returned to revenue growth. The company posted earnings per share of 19 […]
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CEO of video game maker Take-Two says he’s not buying the hype around tech addiction
The CEO of video game maker Take-Two Interactive doesn’t accept the growing belief that addiction to tech is a dangerous trend in society. “No, I’m not buying it. Technology enhances our life,” Strauss Zelnick told CNBC’s “Squawk Alley” Thursday. “Like everything that enhances our life, used the wrong way it’s […]
Elon Musk shares the epic last photo of ‘Starman’ in the red Tesla he shot into space
On Wednesday, Elon Musk shared the last picture SpaceX was able to get of the cherry red Tesla it sent into space with a mannequin driver, “Starman.” The picture features Starman clad in a SpaceX astronaut suit, and is nothing short of epic. Musk’s SpaceX launched the Falcon Heavy rocket […]
Here’s one way Tesla managed to lower its cash burn that won’t last
Nearly 30 percent of Tesla’s cash flow beat vs. expectations for the December quarter is from an unsustainable driver: customer deposits for cars it hasn’t built yet. The electric car maker posted a narrower-than-expected loss for its fourth quarter Wednesday. Tesla reported negative free cash flow (operating cash less capital […]
Democrats get more aggressive in fight for House majority even as better news emerges for GOP
Democrats are growing more bullish on their midterm prospects and plan to target even more Republican-held House districts in November, NBC News reported Thursday. In their push to take back the House, the minority party will now take aim at 101 seats held by the GOP, according to NBC. That […]
Money lessons from Olympians who became financial advisors
The pursuit of Olympic gold holds some powerful financial lessons. For some athletes, what they learned on the Olympic ice has helped them transition to successful careers as financial advisors. Eric Flaim won two Olympic silver medals for speed skating before finding a second career as a financial advisor. Now […]
CVS still expects Aetna deal to close in the second half of the year
CVS Health still expects its $69 billion acquisition of Aetna to close in the second half of the year despite the Department of Justice’s request for more information. The pair want to create an integrated health system that combines pharmacy and health benefits while delivering preventive care services through the […]
Watch for defense stocks to rally if this bipartisan spending deal passes
Washington’s bipartisan spending bill significantly increases defense funding, a provision that likely spells wider profits for the country’s arms manufacturers. The deal will also remove a yearly overhang on the sector. The deal proposed in the Senate would raise spending caps by about $300 billion over two years and bump […]
Paul Ryan thinks the House has the votes to pass a major budget deal
House Speaker Paul Ryan thinks his chamber will not be the one to cause a government shutdown. The Wisconsin Republican on Thursday said he believes the House will have the votes to pass a massive bipartisan budget deal announced by Senate leaders on Wednesday. Opposition quickly mounted to the plan […]
Bank of England warns interest rates could rise sooner and faster
The Bank of England (BOE) has signaled the need for interest rate rises earlier and potentially more frequent than previously predicted, preparing markets for impending higher borrowing costs. In its first meeting of 2018, the Bank’s Monetary Policy Committee (MPC) judged that, were the economy to move broadly in line […]