President Donald Trump touted the strong stock market performance since he took office. Detractors may point to the Dow Jones industrial average’s recent stumbles, but the benchmark index has much further to fall before Trump’s post-inauguration gains are gone. “I think the stock market is gonna be great. The stock […]
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While Dropbox soars in market debut, cloud rival Box plunges
As Dropbox soared in its stock market debut on Friday, shares of cloud software rival Box went the other way, plunging 7 percent. The two companies have been competing for over a decade in the market of cloud file storage, with both benefiting from the rapid move to mobile devices […]
Whole Foods reportedly trims staff in wake of Amazon acquisition
Grocer Whole Foods is trimming staff in the wake of an acquisition by Amazon, Business Insider reported Friday. The cuts span the company’s in-store marketing and graphic design departments, according to Business Insider, which obtained a copy of a Thursday conference call with employees announcing the layoffs. A representative from […]
Small businesses weigh in on possibility of a trade war
As President Donald Trump‘s much-debated tariffs on aluminum and steel go into effect on Friday, some entrepreneurs like Andrew Berman are breathing a sigh of relief. Berman is president of Spectrum Printing & Graphics in Rockville, Maryland. His commercial printing business runs a printing press that utilizes aluminum plates imported […]
The house from ’10 Things I Hate About You’ just sold for $1.6 million—take a look inside
For the first time in over 30 years, the house from 1999’s cult favorite movie “10 Things I Hate About You,” located in Tacoma, Washington, hit the market for $1.6 million. It didn’t last long: The dwelling, listed by agent Jeff Jensen, was scooped up after less than a week. […]
Dropbox jumps more than 40% in trading debut, after opening at $29 a share
Cloud storage provider Dropbox jumped more than 40 percent in its first day of trading on the Nasdaq Friday, opening at a price of $29. The company listed its $756 million IPO under the trading symbol “DBX” and priced its 36 million shares at $21 Thursday, above the expected range […]
Facebook under fire: Mark Zuckerberg’s actions questionable in data scandal
Much of the news this past week has focused on what Facebook CEO Mark Zuckerberg did — or did not do — when he found out that Cambridge Analytica had gained unauthorized access to information about tens of millions of Facebook users. While much of the anger is connected to […]
Five Dow stocks are in bear market territory. Why Merck and General Electric may be the ones to buy
The major indexes tried to recover Friday after a massive sell-off in the previous session that briefly sent the Dow into correction territory. The Dow and S&P are now on track for the worst March performance since 2001. The recent selling pressure is putting a dent in many large-cap Dow […]
2 dead after gunman takes hostages in French supermarket in ‘terrorist attack’
Two people are dead after a hostage situation in the southern French city of Trebes, according to multiple media reports. At approximately 11:00 a.m. Friday morning local time, an armed individual penetrated the Super U supermarket in Trebes, near the town of Carcassonne. Gunshots were heard inside and the man […]
PRO Talks: Wells Fargo’s Darrell Cronk on why it may be time to move away from tech
President of Wells Fargo Investment Institute analyst Darrell Cronk shared his market and economic outlook – as well as potential areas to invest – in an exclusive interview for CNBC PRO with Mike Santoli. Cronk said that given technology’s strong performance over the last year, investors may be better suited […]