Apple Inc. (ticker: AAPL) CEO Tim Cook recently confirmed Apple’s top-secret Project Titan driverless automobile project, calling it the “mother of all AI projects.” But while Apple investors now know the company is making a move into the auto industry they have no idea exactly what Apple is working on and how big of an impact it could…
Shares of Google parent Alphabet Inc (ticker: GOOG, GOOGL) traded down by more than 1 percent after European regulators hit the company with a record $2.7 billion fine for violating antitrust rules. Unfortunately for Google investors, the $2.7 billion fine may be just the beginning of their European headache.
Amazon.com, Inc (AMZN) made a grand entrance into the grocery business earlier this month when it announced a $13.7 billion buyout bid for Whole Foods Market, Inc. (WFM). But even though Amazon has massive disruptive potential in the grocery industry, Wells Fargo analyst Zachary Fadem says there is still plenty of room for long-term gains…
The crowded world of TV entertainment is about to add another major player. On Sunday, the Wall Street Journal reported that Facebook Inc (ticker: FB) is targeting a late-summer launch for its first-ever original TV show-quality content.
Tech investors are very familiar with the three main classes of cloud computing, software-as-a-service, infrastructure-as-a-service and platform-as-a-service. However, within the next eight years, the robotics business could give rise to a new $200 billion cloud services industry.
Bed Bath & Beyond Inc. (ticker: BBBY) stock plummeted more than 10 percent on Friday to new seven-year lows after the company’s first-quarter earnings report revealed the retailer continues struggling to adapt to the digital era.
Investors certainly seem to like what they see from the new Senate health care bill. Shares of a number of high-profile insurers, pharmaceutical companies and hospitals traded higher on Thursday after the Senate revealed the details of its Affordable Care Act replacement.
Oracle Corporation (ticker: ORCL) stock was flying higher by 9 percent on Thursday after the company reported impressive fiscal fourth quarter growth in its cloud services divisions. Oracle reported earnings and revenue beats for the quarter, but Wall Street’s focus is on whether strength in the company’s cloud services business is cyclical or secular.
West Texas Intermediate crude oil prices dipped below $44 per barrel to their lowest levels of 2017 this week, dragging down much of the U.S. energy sector. As the Standard & Poor’s 500 index continues to rip higher, energy stocks are losing their influence over the index.
Adobe Systems Incorporated (ticker: ADBE) shares jumped more than 4 percent to new all-time highs on Wednesday after the company topped Wall Street’s quarterly revenue and earnings expectations. On Tuesday afternoon, Adobe reported impressive fiscal second-quarter numbers driven by strength in its cloud services segment.