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No Such Thing: San Francisco Seeks to End Free Lunches for Tech Employees
Capital Markets
One of the tech industry's most popular employee perks could be coming to an end: Two city officials in San Francisco have proposed banning companies from moving into new office space in the city and offering their employees free lunches, as CNBC reports. The proposal, from Ahsha Safaí and Aaron Peskin, two San Francisco supervisors, is an effort to get
Report: Facebook Has Asked Large U.S. Banks to Share Customer Data Since it Has Done So Well Protecting Data in the Past
Capital Markets
Fool me once, shame on you; fool me twice, shame on any bank willing to turn over customer data to Facebook. Despite still dealing with the fallout from the Cambridge Analytica scandal - in which about 87-million Facebook users had their data improperly shared with the voter-profiling company - the social media giant has asked some of the biggest U.S.
Barclays: The Market Believes AMD is Gaining On Intel
Capital Markets
Barclays raised its price target on Advanced Micro Devices, Inc. (NASDAQ: AMD) Monday while simultaneously downgrading competitor ;Intel Corp. (NASDAQ: INTC) from Overweight to Equal Weight. The Analyst Analyst Blayne Curtis maintained an Underweight rating on AMD and lifted the price target from $9 to $15. The Thesis Barclays has made no material changes to its AMD estimates, but its
Wait Until You See the Price of Gold in Venezuela Right Now
Capital Markets
Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive. Read more at Advisor Perspectives.
Infographic: Apple's Journey to $1 Trillion
Capital Markets
Before 1976, consumers attributed the word "apple" to produce, and before the iPhone launch in 2007, consumers would have never imagined Apple Inc. (NASDAQ: AAPL)’s success to be what it is today. What Happened On Thursday, Apple became the first public American company to reach a market capitalization of $1 trillion after shares rose nearly 6 percent following strong earnings
Goldman Sachs: Bitcoin Prices Will Only Get Worse
Haven't Bitcoin investors suffered enough? After hitting its $20,000 high in December, things have gone pretty bad for the world's largest cryptocurrency, with its value now roughly a third of what it was at its peak in 2017. But according to Goldman Sachs' mid-year economic report, things are only going to get worse for Bitcoin. In fact, Goldman included Bitcoin
Report: Google is Aiming to Get Back in China With a Censored Version of its Search Engine
Capital Markets
More than eight years after it shutdown its service in mainland China, Google is hatching a shocking plan to re-enter the market with a censored version of its search engine, according to leaked documents acquired by The Intercept. According to The Intercept's stunning report, Google "will blacklist websites and search terms about human rights, democracy, religion, and peaceful protest" from
Apple Becomes First U.S. Company to Hit $1 Trillion Market Cap
Capital Markets
Ladies and gentlemen, we have a winner. The race to $1 trillion between the three most valuable tech companies in the U.S. ended on Thursday when Apple became the first American corporation to top the vaunted valuation. A strong 3Q earnings pushed Apple to a brief high of $207.05 in midday trading in New York before dipping below $207, as
Facebook Says it's Identified Active Fake Accounts Aimed at Political Disruption
Capital Markets
Facebook announced on Tuesday that it had removed 32 accounts - from its platform and Instagram's - that it says "were involved in coordinated inauthentic behavior." The company said its investigation is in the early stages and it does not know who is behind the fake accounts. Facebook also said that it is working with the Federal Bureau of Investigation
Wall Street Weighs in on Apple's Q3 Earnings Beat: Buybacks, Services, iPhone Demand in Focus
Capital Markets
Apple Inc. (NASDAQ: AAPL) shares were up more than 5 percent after the company released a much better-than-feared fiscal third-quarter earnings report. The stock was trading around $200 per share in mid-day trading Wednesday. Buybacks Making An Impact Deutsche Bank analyst Sherri Scribner said iPhone unit growth of just 1 percent was a bit disappointing. “EPS beat expectations by $0.18,