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Updated: 43 min 14 sec ago

Micron Poised to Report Great Results, but the Outlook Matters More

September 20, 2018 - 8:55am

Analysts are starting to worry about DRAM pricing, predicting a rougher 2019.

Categories: Financial News

GE says four HA turbines in U.S. shut down due to blade problem

September 20, 2018 - 8:48am

General Electric Co said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical power plant ...

Categories: Financial News

Police: 1 victim upgraded after workplace shooting

September 20, 2018 - 8:45am

Authorities are trying to figure out why a software company employee opened fire inside his Wisconsin office, armed with a pistol and extra ammunition, and seriously wounded several of his colleagues before he was fatally shot by police. Middleton Police Chief Chuck Foulke said the motive behind the Wednesday morning attack at WTS Paradigm wasn't immediately clear. The name of the suspect hasn't been released, but police said he worked at the company and lived in nearby Madison.

Categories: Financial News

Friday Is Going to Be a Huge Day for Stock Traders

September 20, 2018 - 8:41am

Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday. The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire. The anticipated spike in turbulence will hit a market already roiled by rising trade tensions between the U.S. and China.

Categories: Financial News

Under Armour to cut 400 more jobs in turnaround push, shares rise

September 20, 2018 - 8:39am

"Competition still remains an issue," said Neil Saunders, managing director of GlobalData Retail. Initial signs from channel checks and online sales are that Nike is also set to get a boost from a controversial ad campaign, launched earlier this month, featuring former NFL player Colin Kaepernick.

Categories: Financial News

New U.S. LNG projects, enough to double exports, on verge of launch

September 20, 2018 - 8:30am

New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their facilities or are waiting for approval from the energy regulator, a review of their documents showed this week. Although long planned, the actual commissioning of plants has been a moving target in the past. It also opens the taps for large volumes to hit the spot market before long-term commercial contracts are formerly triggered.

Categories: Financial News

The Canadian cannabis producer that was in talks with Coca-Cola to make a CBD-infused drink is reportedly targeting a US IPO in October

September 20, 2018 - 8:22am

Aurora Cannabis is planning for a US initial public offering in October, the company's chief corporate officer said. The Canadian cannabis producer was reportedly in talks with Coca-Cola to make a CBD-infused drink. Marijuana stocks have been red-hot as of late.

Categories: Financial News

Why Is Nvidia (NVDA) Stock Down Today?

September 20, 2018 - 8:12am

Shares of Nvidia (NVDA) were down more than 2% shortly after the open Thursday as investors reacted to a fresh research note from Morgan Stanley that raised questions about performance in the company's gaming division.

Categories: Financial News

Will Aurora Cannabis Be The Next Marijuana Stock To Tap U.S. Investors

September 20, 2018 - 8:02am

Management is considering listing its shares on a major stock exchange in America.

Categories: Financial News

Amazon just accidentally leaked details about 2 new Alexa devices ahead of an event today

September 20, 2018 - 7:54am

Listings for an Amazon Echo Sub subwoofer and an Amazon Smart Plug were leaked ahead of a company event on Thursday. The subwoofer is designed to work with Amazon's Echo speakers, which would also get stereo sound functionality, according to the leaked listings on Amazon UK first spotted by the website Pocket-lint. The Amazon Smart Plug would give basic Alexa functionality to devices plugged into it.

Categories: Financial News

A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the 'Google Ventures of cannabis' (RIV)

September 20, 2018 - 7:50am

Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.

Categories: Financial News

NetApp Crafts Kubernetes Service with StackPointCloud Buyout

September 20, 2018 - 7:48am

NetApp's (NTAP) StackPointCloud buyout enables it to release Kubernetes service to accelerate cloud deployments.

Categories: Financial News

Will Amazon's New Sub Sink Sonos?

September 20, 2018 - 7:46am

Shares of Sonos have fallen 32% over the past seven trading days, and it might only get worse if Amazon's Echo Sub makes a splash ahead of the holiday shopping season.

Categories: Financial News

How Pepsi-Co, Tesla and Michael Jordan are helping the Carolinas

September 20, 2018 - 7:42am

Anheuser-Busch and other beverage makers donated cans of drinking water to victims of Hurricane Florence. Early estimates show that Hurricane Florence has left a $22 billion path of devastation in its wake, with $2.5 billion in insured losses so far. Hundreds of thousands of people are still without power in North Carolina, and flooding remains at dangerous levels.

Categories: Financial News

Dominion Offers to Acquire Dominion Energy Midstream Units

September 20, 2018 - 7:39am

Dominion Energy's (D) proposal to acquire all outstanding units of Dominion Energy Midstream Partners can address the negative impact of changes in FERC tax policy.

Categories: Financial News

SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Results in Q2?

September 20, 2018 - 7:00am

If you're interested in lithium stocks, this comparison should help you make investment decisions.

Categories: Financial News

Cramer on Nvidia: If things are priced for perfection, th...

September 20, 2018 - 6:30am

CNBC's 'Squawk on the Street' team discusses Morgan Stanley downgrading the gaming card stock.

Categories: Financial News

Is The Coca-Cola Company (NYSE:KO) Worth US$45.96 Based On Intrinsic Value?

September 20, 2018 - 6:27am

How far off is The Coca-Cola Company (NYSE:KO) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...

Categories: Financial News

GE power CEO reveals problem with new turbine model, shares drop

September 20, 2018 - 6:16am

The company has discovered an "oxidation issue" that affects the lifespan of blades in its HA-Class turbines, a major product for GE's power division, GE Power Chief Executive Russell Stokes said in a letter posted on LinkedIn. "Obviously, this was a frustrating development, for us, as well as for our customers," Stokes said in the blog, first posted on Wednesday, adding that the company had implemented a fix that had the turbines working within targeted parameters. J.P. Morgan analyst Stephen Tusa said in a research note on Thursday that the problem appeared to have resulted in a broken turbine blade at a power plant in Texas owned by Exelon , based on discussions with GE and Exelon.

Categories: Financial News

It feels like Apple is being cheap by not including an important accessory with the $1,000 iPhone XS

September 20, 2018 - 5:59am

Apple's new $1,000 iPhone XS doesn't come with a fast-charging brick. You'd need to spend $70 on the relevant accessories to fast-charge the $1,000 iPhone XS. With a starting price of $1,000, the iPhone XS should come with a fast-charging brick.

Categories: Financial News