Posts From Jim Andrews
SEC Commissioner Robert Jackson has some strong opinions about cryptocurrency and initial coin offerings. In a CNBC interview Monday morning, Jackson said his personal view on Bitcoin is that it’s a space “full of troubling developments.” He didn’t elaborate but
Premarket: 5 things to know before the bell
1. Tariff time?: President Donald Trump could formalize new tariffs on steel and aluminum imports on Thursday. Or not. There was confusion late Wednesday over whether the paperwork would be ready in time for the planned signing around 3:30
Japanese billionaire Masayoshi Son has said he wants to be the Warren Buffett of tech. Now, he’s going after the legendary investor on his home turf. SoftBank(SFTBF), the deal-happy tech company founded by “Masa” Son, is negotiating for a minority
Indian ride-hailing company Ola announced plans on Tuesday to enter Australia, marking its first foray outside its home market and intensifying its tussle with U.S. rival Uber Technologies Inc. Ola will begin inviting private vehicle owners and driver partners to
General Electric will take a $ 6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $ 7.5 billion when adjusted to the rate following
Netflix’s top executives will now get paid in full no matter how the company does, thanks to the Republican tax plan. The streaming-video provider is scrapping its cash bonuses, instead making the payments to top executives as salary. The recently
Premarket: 5 things to know before the bell
1. Steady stocks: Investors have bid up U.S. stock markets to record highs this month but it doesn’t look like they’re going to move much further on Wednesday. U.S. stock futures are holding steady. The Dow Jones industrial average is
The “x”citement might be over for the iPhone X. Shares of Apple and its suppliers tumbled this week after multiple industry analysts predicted weak demand for the new flagship iPhone. Apple’s (AAPL) stock slid by as much as 4% in
Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox (fox) for $ 52.4 billion in stock as the world’s largest entertainment company seeks even greater scale to combat growing digital
Teva Pharmaceutical is slashing 14,000 jobs around the world in an attempt to stabilize the company. The plan to cut 25% of Teva’s workforce is part of a two-year restructuring initiative aimed at reducing costs at the maker of generic