Small cap cloud storage stock Box Inc (NYSE: BOX), whos financialsonce had the dubious distinction of once being labeled a house of horrors in a Bloomberg interviewwithTrue Ventures Partner Om Malik, reported Q2 2018 earnings after the market closed Wednesday with shares falling in after/premarket trading. Revenue rose 28% to a record $122.9 million as deferred revenue rose 32% to $240.8 million....More>>>
Employees stand outside the new Amazon Go grocery store in Seattle, Washington, U.S., on Tuesday, Dec. 6, 2016. Amazon.com Inc. unveiled technology that will let shoppers grab groceries without having to scan and pay for them — in one stroke eliminating the checkout line. Photographer: David Ryder/Bloomberg
There’s nothing wrong with profit or efficiency. If you’re in business,....More>>>
The Equifax hack released the private information of tens of millions of people into the hands of criminals.
Now what happens to it?
The Equifax breach included names, Social Security numbers and home addresses. Those are valuable details for criminals who want to drain bank accounts or commit tax fraud.
In fact, it’s common for criminals to buy this kind of information.....More>>>
Baird’s Ben Kallo and Tyler Frank argue that there’s “upside potential” for Tesla Motors (TSLA) following its deliveries announcement next week:
We expect Tesla will release Q3 delivery numbers early next week and believe there is upside potential for the stock as delivery expectations are low…due to recent delivery misses. Although....More>>>
U.S. stocks are only a few points away from new all-time highs… But not every part of the U.S. market has been thriving. Health care stocks recently fell 12% from their August highs to their pre-election lows… hitting an eight-month low in the process. Have they bottomed? Is it time to buy? Or is this the beginning of a major downtrend? Let's take a closer look....More>>>
Activist investor and billionaire George Soros
A couple weeks ago we told you how Warren Buffett has enjoyed a $12.3 billion gain from the markets since the election.
Then there’s George Soros.
You see, the hedge fund activist investor bet against the “Trump Rally.”
And – as Soros does – he bet big…
How Much George Soros....More>>>
Transocean (RIG)tumbled to the bottom of the S&P 500 today as the entire energy sector got crushed on fears that production would start to grow.
Agence France-Presse/Getty Images
Transocean dropped 7% to $13.85 today, while the S&P 500 fell 0.6% to2,280.90. The Energy Select Sector SPDR ETF (XLE) dropped 1.9% to$72.85. The price of oil fell 1% to$52.63 a barrel.
Wells Fargo Credit Card Applications Plunge 55%
Wells Fargo is having a hard time getting Americans to sign up for credit cards these days. Credit card applications at Wells Fargo plunged by 55% in February, the sharpest decline since the bank’s fake account scandal erupted last September. In addition, consumers opened 43% fewer checking accounts than a year ago and interactions with....More>>>
Volkswagen AG (VLKAY) shares were under pressure Wednesday after prosecutors searched the headquarters of its Audi Group division as part of an ongoing probe into the use of ‘cheat devices’ in diesel emissions engines.
The probe overshadowed the luxury brand’s full-year earnings, which showed operating profits had fallen by some 40% last year to just over 3 billion.....More>>>
An Indian lawmaker wants her compatriots to stop spending so much money on weddings.
Ranjeet Ranjan, a member of parliament from the eastern state of Bihar, plans to introduce a bill designed to curb excessive wedding expenses in India.
The proposal, should it become law, would require families that shell out more than 500,000 rupees ($7500) on nuptials to donate 10% of the money....More>>>