Cisco Has Done Its Part to Send Palo Alto Networks Plunging 40% — Here’s Why It Could Now Be a Buy
https://vid.thestreet.com/p/105/sp/0/playManifest/protocol/https/entryId/0_g9xqy78r/format/url/flavorParamId/35/video.mp4 Don’t give up on Palo Alto Networks (PANW) . Palo Alto Networks, which reports on Wednesday after the close, hasn’t recovered from the bludgeoning it took three months ago after missing January quarter sales/billings estimates and issuing below-consensus April quarter and fiscal 2017 (ends in July) guidance. Shares are down about 40% from their […]
Uber inadvertently underpaid New York City drivers for over two years
FILE PHOTO: A man exits the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid/File Photo More (Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars. Uber […]
The new Samsung Galaxy does 27 things the iPhone doesn’t
Every spring, Samsung introduces a new Galaxy phone; every fall, Apple (AAPL) counterpunches with a new iPhone. At the moment, we find ourselves in mid-cycle: Samsung has just released its Galaxy S8, and the iPhone 8 is still a summer away. The S8 is a gorgeous phone. It’s a hardware masterpiece, it’s getting rave reviews, and—hey!—so […]
How Google’s trying to make the mobile web look less ugly
MOUNTAIN VIEW, Calif.—The company responsible for a large fraction of the hours we while away on the web isn’t happy with how inefficiently we spend that time on our phones. At its I/O conference here, Google (GOOG, GOOGL) touted the progress of Accelerated Mobile Pages, an ambitious initiative to remake the mobile web into a […]
Best Buy Hates That It Is Too Complicated to Buy an $800 Apple iPhone in Its Stores
https://vid.thestreet.com/p/105/sp/0/playManifest/protocol/https/entryId/0_bkb868m3/format/url/flavorParamId/35/video.mp4 Best Buy (BBY) wants to get people in and out of its stores with a pricey new Apple (AAPL) or Samsung smartphone as fast as possible. Top News: Bullfrog Gold Raises $816,000 Of Equity To Advance Its Nevada Gold Project “[We are] revamping the mobile departments in our stores and enhancing the online presence […]
Red-hot tech stocks are getting a boost from an unexpected source
That’s been the logic employed by tech stock bears who have thrown in the towel on short positions over the last year. And the buying volume that results from what’s commonly referred to as a “short squeeze” has been a crucial driver of tech gains during the period. What’s more, active managers have actually slightly […]
Oil Strategist Says OPEC Won’t Hold U.S. Hostage
In today’s “Futures in Focus,” Todd Horwitz, chief strategist at Bubba Trading, and Bloomberg’s Vonnie Quinn examine the impact of OPEC and the U.S. dollar on the oil market. They speak on “Bloomberg Markets.” Don’t Miss: Bullfrog Gold Raises $816,000 Of Equity To Advance Its Nevada Gold Project Is This Tiny Gold Mining Company […]
Stocks take a breather after a run of records as traders digest economic data
The bulls are trying to catch their breath after the stock market’s string of records. Stocks started the week mixed as investors weigh a fresh batch of economic data after the Memorial Day weekend. Meanwhile, oil prices are lower on concerns that production cuts will not be enough to reduce the global supply glut. Yahoo […]
United Facing $435,000 Fine Over Operating Flights With Unfit Plane
The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines (UAL) $435,000 for operating 23 flights in 2014 using a Boeing (BA) 787 that the government claims was not in a condition to fly, according to Reuters. The FAA alleged that in June 2014, United mechanics replaced a fuel pump pressure switch on the […]