Markets

admin September 10, 2018

Snapchat is losing another top executive, and Wall Street is losing patience. Imran Khan, Snapchat’s chief strategy officer, announced plans to leave the company, according to a regulatory filing Monday. Khan, a former analyst with Credit Suisse and JPMorgan Chase, joined Snapchat (SNAP) in January 2015. The company said in the SEC filing that Khan […]

admin September 10, 2018

Click chart for more in-depth data. 1. Changes at Alibaba : Chinese tech billionaire Jack Ma says he will step down as Alibaba’s executive chairman next year. “Because of physical limits on one’s ability and energy, no one can shoulder the responsibilities of chairman and CEO forever,” Ma said in a letter to customers, employees […]

admin September 10, 2018

Billionaire tech tycoon Jack Ma will step down as Alibaba’s executive chairman next year, the company announced Monday. “No company can rely solely on its founders,” Ma said in a letter to customers, employees and shareholders. “Because of physical limits on one’s ability and energy, no one can shoulder the responsibilities of chairman and CEO […]

admin September 9, 2018

PepsiCo will fund startups to learn how they do business and stay on top of the hottest food trends. The company announced on Thursday that it is launching a North American accelerator program to help food and beverage startups grow. The six-month program, Nutrition Greenhouse, gives ten startups $20,000 each and matches them with a […]

admin September 9, 2018

1. Wall Street’s $165 billion golden goose: Apple’s iPhone just might be the biggest cash cow on Wall Street. More than a decade after its debut, the iPhone remains the chief moneymaker for Apple (AAPL), America’s first $1 trillion company and one of the most widely held stocks. The iPhone alone is expected to rake […]

admin September 9, 2018

Yet another technical meltdown is plaguing British Airways. This time, hackers stole the payment card details of 380,000 customers. The company said the data thieves made off with the names, addresses, emails and credit card details including the card number, expiration date and security code belonging to travelers who booked flights on British Airways’ website […]

admin September 9, 2018

There was whiskey, a joint, a Samurai sword and long conversations about artificial intelligence and the end of the universe. Just another installment in the extraordinary saga of Elon Musk, the billionaire leader of two major companies that are trying to change the world. The CEO of electric-car maker Tesla (TSLA) and rocket startup SpaceX […]

admin September 8, 2018

After years of job growth, workers may finally be getting more money in their paychecks. Job growth in August was strong. The US economy added 201,000 jobs, while the unemployment rate stayed at 3.9%. Average hourly earnings grew 2.9% compared with a year ago, the best rate since 2009, according to monthly payroll data released […]

admin September 8, 2018

Investors should be focusing on Tesla’s growing sales and ambitious plans to reinvent the American automotive world. They should be salivating over its exciting plans for semi trucks for big corporate fleets and its alternative energy initiatives. And they should be reassured by analysts’ predictions that Tesla will report a profit in the fourth quarter […]

admin September 8, 2018

Wells Fargo can’t wake up from the nightmare that began exactly two years ago. What sounded at first like a run-of-the-mill bank settlement — a $185 million payment to atone for “sales practices” — has morphed into a cascade of scandals that has rocked one of America’s most storied banks to its core. It started […]