Software maker BlackBerry Ltd’s (BB.TO)(BBRY.O) long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target. While BlackBerry’s traditional customers were security executives in top global companies, its reboot from smartphone […]
Category: Technology
U.S. stocks lack direction as tech stocks weigh, data disappoints
Wall Street was unable to hold earlier gains as tech stocks once again weighed on sentiment Monday and investors saw little encouragement from the day’s macro data. At 11:36AM ET (15:36GMT), the Dow Jones advanced 24 points, or 0.11%, the S&P 500 inched up less than a point or 0.01%, while the Nasdaq Composite traded […]
Apple, Google Self-Driving Car Deals Boost Rental Car Leaders
Apple, Google Self-Driving Car Deals Boost Rental Car Leaders More Shares in Avis Budget Group (CAR) and Hertz Global Holding (HTZ) leapt in trading Monday after it was reported the two rental-car giants forged respective self-driving auto deals with Google-parent Alphabet (GOOGL) and Apple (AAPL). Avis announced a pact to manage the fleet built by Waymo, the […]
Bankers Are Hiring Cyber-Security Experts to Help Get Deals Done
Global threats, recent WannaCry ransom attack fuel awareness Cybersecurity will increasingly become part of deal-vetting Executives and investors are hiring an unlikely crowd to help them do deals: computer geeks. Companies and investment funds are adding an extra layer of scrutiny to acquisitions by screening targets for cybersecurity risks, as global computer attacks raise awareness. […]
These are the coolest VR games at the world’s biggest video game expo
Sony’s PlayStation VR headset. There’s no getting around it: virtual reality has stalled out. After years of gushing previews and bold corporate stage shows, reality seems to have virtual reality. It’s clunky, pricey and still mostly a curiosity. We know that will eventually change — the headsets will slim down, the prices will drop and the […]
America has slower LTE wireless than Canada or Mexico
Prime Minister Justin Trudeau meets with Mexican President Enrique Pena Nieto during November’s APEC Summit in Peru. Photo from The Canadian Press A new report on wireless broadband is out, and it may not leave readers cheering “USA! USA!” According to OpenSignal’s study, Mexico, Canada, France, the United Kingdom and more than 50 other countries […]
Shares of Apple are quite oversold
Apple’s shares have become very oversold in the past two weeks as Mizuho and Pacific Crest downgraded the stock from Buy/Overweight to Neutral/Sector Weight, respectively, and tech stocks took a hit. Their main reason centered around iPhone 8 expectations being baked into the stock given their recent strength and that valuation levels while not excessive […]
Luxury Online Retailer Reebonz Seeks to Raise Up To $150 Million
Startup working with banks to engage potential investors Funding to fuel expansion in North Asia, marketplace business Reebonz Pte, Southeast Asia’s largest online luxury retailer, is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea. Reebonz has been working with investment banks including […]
Fisker’s Tesla competitor has 400 mile range and charges in just 9 minutes
Henrik Fisker is a bit of a legend in the automotive design world, so when he announced that he was working on an all-new electric vehicle that would both challenge Tesla’s Model S, and serve as the spiritual successor to the Fisker Karma, there was plenty of interest. Fisker first teased the new car in […]
Dow jumps to new high as tech recovers
The Dow jumping to a new all-time high as tech recovers with FANG back in the hunt. (^DJI, ^GSPC, ^IXIC) Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair. Winners and losers Let’s take a look at some of today’s winners and losers. Stocks in the red today […]
Per Usual, 5 Big Tech Stocks Are Powering The Markets
In recent weeks, the stock market has been all about one story: the dominance of big-cap tech companies. The FANG stocks — Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL) — have now been renamed the FAAMG stocks — adding Apple (AAPL) and swapping in Microsoft (MSFT) for Netflix — with investors fixated on […]
Microsoft’s Skype draws inspiration from Snapchat in big redesign
A web camera is seen in front of a Skype logo in this photo illustration taken in Zenica, May 26, 2015. REUTERS/Dado Ruvic By Salvador Rodriguez SAN FRANCISCO (Reuters) – You can add Skype to the growing list of services copying features straight from Snapchat. The Microsoft Corp <MSFT.O> communications service on Thursday announced a […]