Apple CEO Tim Cook Uses Private Jet For All Travel

Being the head of the most profitable company in the world has its perks. Apple CEO Tim Cook reportedly does all his traveling—both personal and business related—using private jets, AppleInsider reported. The decision to fly private is undoubtedly a luxury but Cook actually doesn’t have much say in the matter. Apple’s board of directors mandates that… Please follow and like us:

Read More

Broker Charged With Illegally Accepting $1M in Cash Kickbacks: Enforcement

The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative inital public offerings, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at two brokerage… Please follow and like us:

Read More

Boeing discussing potential multibillion-dollar takeover of jetmaker Embraer

SEATTLE — Boeing is discussing a potential multibillion-dollar takeover of regional jetmaker Embraer of Brazil, the two companies said Thursday. A deal is by no means certain since the Brazilian government would have to approve the sale of a company considered the crown jewel of the country’s manufacturing sector. A successful transaction would be Boeing’s largest… Please follow and like us:

Read More

Eric Schmidt steps down as Alphabet’s executive chairman

Former Google Chief Executive Eric Schmidt announced Thursday he has stepped down from his role as executive chairman of the search giant’s parent company Alphabet. Schmidt, who served as Google’s CEO from 2001 to 2011, will remain on Alphabet’s board of directors while also serving as a “technical adviser,” the company said in a statement. “Larry,… Please follow and like us:

Read More

AAPL Stock Rebounds After Apple Buying Shazam Report

Apple is reportedly closing in on a deal to purchase the audio recognition app Shazam—a popular app that can identify music, television show, movie or advertisement by listening to an audio clip—according to TechCrunch. No official price has been made public, though the deal is believed to be in the nine-figure range and has been rumored… Please follow and like us:

Read More

When Grandma and Grandpa join the bitcoin frenzy, you know it’s is turning into a bubble

One day in 2013, when the price of bitcoin had crashed to $600 from $1,200 in a matter of hours, I wrote that this showed that the virtual currency was a dumb investment. Three months ago, when the price hit $5,000, I again called it a dumb investment. So what about now, with bitcoin trading at… Please follow and like us:

Read More

SoftBank The Next Berkshire Or Valeant?

SoftBank has an odd relationship with Uber. At one point SoftBank bought shares directly from the ride-sharing company at a $68 billion valuation, then tendered shares at a $50 billion valuation. But for AB Bernstein analyst Chris Lane, this dichotomy isn’t a concern about investing in SoftBank and its Vision fund. The tech soothsayers in Japan… Please follow and like us:

Read More

Hasbro reportedly offers to buy Mattel

Hasbro Inc. reportedly made an offer to buy beleaguered rival Mattel Inc. Hasbro approached El Segundo, Calif.-based Mattel recently with a takeover offer but terms of the proposal were not available, the Wall Street Journal reported Friday, citing unidentified sources. Representatives of Hasbro and Mattel declined comment on the report. Hasbro, based in Pawtucket, R.I., makes… Please follow and like us:

Read More

Boeing churns out jets and profits, but Air Force tanker’s problems dent earnings

SEATTLE — Though Boeing reported strong profits and cash flow Wednesday, the company’s stock declined as the jetmaker announced yet another charge that added $329 million to the continuing cost overruns on the KC-46 Air Force tanker. Despite that, management expressed great confidence in the company’s strategic trajectory and said Boeing is unfazed by Airbus’s surprise… Please follow and like us:

Read More

Apple stock hit hard by negative iPhone 8 sales rumors – again

WASHINGTON, October 20, 2017 – Some sort of market correction finally began to happen Thursday morning. The Dow plummeted sharply after the 9:30 a.m. (ET) opening bell on Wall Street, quickly dropping 100 + points in a wave of selling. Apple (symbol: AAPL) shares – currently down around $4.50 per share (-2.5 percent) – have led… Please follow and like us:

Read More

Allergan, Restasis and the Mohawks vs. the Feds: Epic fail?

WASHINGTON, October 18, 2017 – In our previous installment on the Allergan (symbol: AGN) patent brouhaha with the Feds, we explained how patent and formula maneuvers and other complicated legal stuff can often prolong patent protections for all manner of innovative products, including the formulation of breakthrough prescription drugs. We also regaled you with the complex… Please follow and like us:

Read More

Lithium Americas Stock Breaks Out, Implying Higher Stock Prices

LACDF Stock: Inverse Head and Shoulders Lithium Americas Stock The lithium sector is catching a bid, and with all due respect, the reasoning is quite sound. Centralized governments are starting to move away from combustion engines by banning the sale and production of these vehicles by a set mandate. It started in Europe, and now China… Please follow and like us:

Read More

Predicting Financial Markets With Deep Learning

Henri Waelbroeck, director of research at machine learning trade execution system Portware, says rather poetically that the system “reads the tea leaves” in market data to distinguish different sorts of orders and execute trades more efficiently. Portware uses artificial intelligence to help traders select the best algorithm for particular market conditions, asset class, broker, venue etc.,… Please follow and like us:

Read More

Best Buy sees best sales gain in seven years, but its stock price takes a dive

MINNEAPOLIS — Best Buy Co. celebrated on Tuesday its biggest quarterly sales jump in seven years — and then its stock plummeted. Such is the up-and-down life of retailers these days trying to prove themselves to investors amid the formidable shadow of Amazon. The retailer, based in suburban Minneapolis, posted a 5.4 percent jump in comparable… Please follow and like us:

Read More

The last days of DuPont

American voters’ embrace of Donald Trump last fall — that rejection of business as usual — echoed an upheaval in corporate America the year before, when professional investors holding DuPont and Dow Chemical Co. stock embraced the radical prescriptions of such billionaire corporate raiders as Nelson Peltz and Daniel Loeb to cure what they saw as… Please follow and like us:

Read More