Shaking off “fake news” controversy and posting revenue that topped estimates, Facebook smashed analysts’ earnings estimates in the first quarter of the year. Even as ad revenue popped 51 percent from a year ago, the company added 80 million monthly users in the first few months of the year. But as investors digested a new format for…
When they get a Facebook notification informing them their latest snap has been ‘liked’, many people get a buzz of excitement. And yet, a recent new study reveals that nothing to improve people’s self-esteem or their mood if they feel low, is done by receiving so-called ‘likes’ on the social media channel. The study noted that…
A tiny grower of cannabis is the next stock pick for Tribeca Investment Partners Pty which was the owner of the world’s best-performing hedge fund last year. According to Ben Cleary, who co-manages the Tribeca Global Natural Resources Fund with Craig Evans, powered by a federal government license to cultivate marijuana for medicinal purposes, Cann Group…
It appears the market for people who want to upgrade their devices could be over 300 million and hence Apple investors are excited by the prospect of a “supercycle’ in its next fiscal year, driven by the next generation of iPhones. There will be an install base of more than 300 million iPhones this fall that are…
At least, for now, money is trickling into Appalachia region in the U.S. again like a mountain stream reviving after a drought. Investor bets that have, over the last year, doubled the market value of publicly traded U.S. coal companies, to $15 billion, U.S. President Donald Trump’s anti-regulatory policies and Chinese production curbs are a trio…
Dark warnings of a world where computers become so sophisticated, so quickly, that humanity loses control of them—and its own destiny as a result have been issued by people like famed physicist Stephen Hawking and Tesla’s Elon Musk. However, such warnings are farfetched, thinks Peter Norvig, a leading artificial intelligence scientist and a director of research at Google.”I don’t…
Hobbling decades of business practice at a manufacturer built on the free movement of people and goods, Brexit will make it harder to shift workers between countries, and this is the concern of Airbus SE, the European planemaker with production sites dotted around the continent. Airbus operates multiple daily delivery flights from a Welsh factory…
As part of a hiring push to ready the plant for mass production of the upcoming Model 3, Tesla Inc is recruiting engineers from Mexico to work on robotics and other automated equipment at its California factory, according to LinkedIn postings. The electric vehicle maker aims to build 500,000 cars a year by 2018 at…
Questions among corporate strategy experts about its focus is raising as Amazon.com Inc’s ventures are going far beyond online retail, from cloud computing to movie making. Its shares were pushed to an all-time high with a 23 percent jump in sales, as the Seattle-based company wowed Wall Street again this week. But investors may come…
By allowing Brexit talks to touch on trade before the two sides agree to a specific exit bill, European governments may give U.K. Prime Minister Theresa May political cover, reported news outlet Bloomberg citing information from two people familiar with the plan. By the time – December, the new German and French governments will be…
