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Intel CEO Brian Krzanich is Ousted After 'Consensual' Relationship With Employee
Brian Krzanich has resigned as chief executive of Intel Corporation following an investigation by internal and external counsel into a "past consensual relationship" he had with an employee, the company announced on Thursday. Intel has named Robert Swan, chief financial officer, as interim CEO, effective immediately. Krzanich has also resigned as a member of the board, the company said. Krzanich
Andrew Left Goes Long Fitbit, Sees 130% Upside
Fitbit Inc (NYSE: FIT) was already on the rise Monday when Citron Research came out with a bullish report touting Fitbit as one of the best medtech companies in the industry and forecasting 130-percent upside. “What was once a piñata for short-sellers (since IPO) has transformed itself to one of the most underappreciated med-tech stories in the market with a
A New Automation ETF For Traders Who Haven't Yet Been Replaced By Robots
Despite civilization’s rapid forward march toward mechanization, humanity has been routinely bad at predicting the scope, scale and impact of new technologies and the unforeseen consequences brought on by these sometimes massive shifts in how we as humans interact with the world. Case in point, a recent study from the PEW Research Center shows that, while two-thirds of Americans believe
Elon Musk Accuses Employee of 'Extensive and Damaging Sabotage' to Tesla's Operations
Does someone have it out for Elon Musk? The Tesla founder and CEO sent an email to his employees on Monday saying that an employee had caused "extensive and damaging sabotage" to the company's operations, which "included making direct code changes to the Tesla Manufacturing Operating System under false usernames and exporting large amounts of highly sensitive Tesla data to
A Look Back at What's Happened to Each Sector Through the First Half of 2018 (Part 1)
It may not be as large as the bond market or as ubiquitous as real estate, but the stock market is definitely the most talked about of the financial markets. And while this has pretty much always been the case, the rise of index investing and robo-advisors in the last decade or so has certainly opened up the stock market
Report: Microsoft, Walmart Collaborate on Checkout-Free Retail Technology
Walmart Inc (NYSE: WMT) could soon compete with, Inc. (NASDAQ: AMZN)'s cashierless Amazon Go stores with the help of Microsoft Corporation (NASDAQ: MSFT), according to Reuters. What Happened Amazon's checkout-free Amazon Go retail stores may become the new shopping norm, as Microsoft is working on developing a similar technology, according to a Reuters report that cited six people familiar
Bitcoin's Prospects Worsen After Researchers Find Evidence its Prices Were Artificially Propped Up
Two researches at the University of Texas in Austin have provided evidence to back up the growing concerns among some investors that Bitcoin's precipitous rise to a record $20,000 last December was artificially manipulated, which could plunge the cryptocurrency's value even lower than it's already fallen this year. John M. Griffin, a professor of finance, and Amin Shams, a graduate
How Microsoft Could Build the 'Netflix of Gaming'
Microsoft Corporation (NASDAQ: MSFT) has long been in the gaming business — the company began developing the original Xbox console in 1998. Microsoft’s share of the console market has slipped in recent years though and the landscape is set to change dramatically, but investors with an eye on gaming should rest assured that it's well-prepared to ride the trend, Morgan
Tesla Cuts 9% of its Global Workforce as Pressure Mounts to Turn a Profit
It appears the cold hard truth has finally set in on Elon Musk. The billionaire CEO announced on Tuesday that Tesla will be cutting 9% of its global workforce - roughly 3,500 employees - as it ramps up efforts to finally turn the first annual profit in its 15-year history. In a memo to employees, Musk indicated that the cuts
Wall Street Analysts Reflect on AT&T-Time Warner Ruling, Assess Implications Outside Tech, Media
A U.S. District Court approved AT&T Inc. (NYSE: T)'s purchase of Time Warner Inc (NYSE: TWX) Tuesday and advised the Justice Department not to seek a stay of the ruling. The results were celebrated by stocks involved in and distantly peripheral to the case — and left analysts generally more bullish on corporate America. What It Means For AT&T KeyBanc