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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
No industry or sector is immune to hacking. That reality was made painfully clear in mid-May, when a cyberattacker using WannaCry ransomware crippled health care institutions and many other kinds of organizations around the world. In 2015 over 113 million Americans health records were exposed, and in 2016 the number was over 16 million, according […]
Apple CEO Tim Cook will be on hand for the company’s Worldwide Developers Conference on June 5. (Photo: Marcio Jose Sanchez/AP) Apple’s (AAPL) massive Worldwide Developers Conference kicks off Monday, June 5 at 1 p.m. E.T., and we’re expecting a host of new announcements. These announcements will give us a view into what the company […]
