CVS Health Corp. is investing in a young chain of health clinics, and may be looking to acquire another. CVS CVS, -0.12% invested $100 million in a Carbon Health Inc., a San Francisco-based chain of u...
Tag: Technology
Rolls-Royce Hits a Milestone Not Seen In 119 Years
During tough economic times, luxury car sales are largely unaffected. Some customers have been waiting more than 12 months for a Lamborghini SUV while Ferrari had to cut off orders of its ultra-luxury...
Cathie Wood Watch: Ark Buys More Tesla and Trims Nvidia Stake
Famed investor Cathie Wood, chief executive of Ark Investment Management, on Jan. 6 trimmed her position in Nvidia (NVDA) – Get Free Report while continuing to amass Tesla (TSLA) – Get F...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one ...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
Web 3.0 Technology Expected To Grow 44% In The Next Decade
Web 3.0 has been hit hard by last year’s bear market. Web 3.0 is a term first coined by Ethereum co-founder Gary Wood during the coin’s launch back in 2014. Since then, the market for this type of tec...
Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.
Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...
Technology Companies Throng to Set Up Headquarters in Hong Kong
Paul Chan Mo-po announced that the technology companies have been contacting the government to set up their headquarters in Hong Kong. A number of pilot activities are organized by the government to t...
Who would buy WWE, as McMahon returns to board to pursue sale
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty ...
Why Boeing stopped making the 747 jumbo jet
Since its first commercial flight in 1970, Boeing‘s 747 jumbo jet has flown more than 3.5 billion passengers. The double-decker plane made air travel way more affordable for millions of people a...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
Crypto Exchange Huobi Has Bad News
This is bad news that the cryptocurrency industry could have done without. The latest episode suggests that the very difficult period that the young Blockchain-powered financial services industry is ...
FTC’s proposed ban on noncompete agreements could have biggest impact on tech industry
Ryan Morrissey is a serial founder of software companies, having already launched three separate startups. Yet when he sold one of those companies, he had to sign an agreement to not start any more fo...
Impatient Investors Need to Remember the Lessons of the Dot-Com Bubble
Text size Pedestrians pass in front of the New York Stock Exchange in New York. Growth and value tend to take turns leading the market, but the cycles often last years, not days, writes Michael Kops. ...
From Color Changing Cars To Self-Driving Strollers
BMW i Vision Dee color-changing concept car at CES 2023 BMW After three long years of pandemic, one of the world’s largest tech shows made a stunning come back this week as CES lit up Las Vegas with a...
Using blockchain technology to combat retail theft
The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft. Fi...
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday,...
Salesforce Customers Not Swayed by Slack, Analysts Say
When Salesforce Inc. bought the messaging application Slack for $27.7 billion almost two years ago, it said the marriage would “transform the way everyone works in the all-digital, work-from-anywhere ...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Cisco layoffs begin with hundreds of job cuts in California and more expected
Cisco Systems Inc. has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley last month, according to filings with the state of California this week. Cisco executives announced...
Opinion: Why a prominent Tesla investor wants Elon Musk to put him on the board
Ross Gerber is well-known in certain circles as a longtime Tesla Inc. investor, thanks to being a bullish voice on Twitter about the electric-vehicle company. As Tesla TSLA, +5.93% stock has plummeted...