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IBM is buying Red Hat to become the number one hybrid cloud provider. Red Hat is the world's leading provider of open source cloud software. It is a $34 billion deal.
"We disrupt alcohol potentially, cigarettes potentially, in terms of smoking cessation," he told Cramer. "We really disrupt pharmaceutical, because whether or not you're geriatric care, you're dealing with arthritic conditions, you're someone w
On Friday evening - the same day that it was reported that an FBI investigation into Model 3 production numbers was "intensifying" - Elon Musk again took to Twitter to taunt regulators...
The perfect Technocrat dream is to build robots with other robots, automating the entire process. This will result in the maximum displacement of human workers in the shortest time possible. China, of course, is happy to receive more robots for its f
Boring Company will show a two-mile tunnel in LA in December and has started work on an 18 mile tunnel in Chicago from downtown to the airport.
While today's GDP print had its good and bad sides, with personal consumption rising to the highest level since Q4 2014 offset by a surge in inventories alongside a sharp drop in net exports, one aspect of today's GDP report is especially notable: sp
Fisker and electric car company has gotten an investment from Caterpillar Venture Capital. Fisker is developing solid-state batteries.
The company plans to unveil its 'radically different' EV in 2021
One of the largest consumer internet hacks has bred one of the largest class action settlements after Yahoo agreed to pay $50 million to victims of a security breach that's said to have affected up to 200 million U.S. consumers and some three billi
Having analyzed J.C. Penney's financial statements, going back to 2001, I see them on the same path that took Sears into bankruptcy.
Facebook 'could collapse' if it keeps being dogged by scandals over misinformation and election hacking, says the author of a 2010 book on the company.
BRUSSELS (Reuters) - Apple Chief Executive Tim Cook on Wednesday said customer data was being "weaponized with military efficiency" by companies to increase profit and called for a federal privacy law in the United States.
"We Can't Believe We Are Writing This": Citron Reverses On Tesla, Goes Long Ahead Of Earnings
With the market now well below both the September all time high, and the January "blow off top" spike, and unable to make new highs despite a third consecutive earnings season which will see earnings rise by a whopping 22% Y/Y, shrinking fwd PE multi
Just six months after Netflix added $1.9 billion in Ba3/BB- rated junk bonds (upsized from an initial offering of $1.5 billion) to its balance sheet to fund its ravenous cash burn global expansion, moments ago - and just one week after reporting a wh
STARLINK: HOW SPACEX AND TESLA COULD JOIN FORCES TO DELIVER GLOBAL INTERNET SERVICE
In his latest attempt to battle the U.S.-China trade deficit and exit multilateral agreements that don't favor the United States, President Donald Trump began the process Wednesday to withdraw from a 144-year-old international postal agreement that
Fintech is the financing model for Sustainable Development, using blockchain, digital currency, digital payment systems, and ubiquitous tracking of every conceivable transaction to be analyzed by Artificial Intelligence. J.P Morgan Chase intends to d
Oil. The 19th century was transformed by it. The 20th century was shaped by it. And the 21st century is moving beyond it.
Four east-coast state institutional Facebook investors have co-filed a shareholder proposal to remove Mark Zuckerberg as chairman of Facebook following his "mishandling" of several scandals this year.
Walmart is getting new shopping carts. They are creepy beyond belief. You will not believe what these shopping carts can do.
What if you could store and deliver goods as easily as data? Amazon, Walmart and others are using AI and robotics to transform everything from appliance shopping to grocery delivery. Welcome to the physical cloud
Edward Lampert steps down as CEO and is exploring potential bid for some Sears stores
The U.S. Postal Service has proposed a 9 to 12 percent increase in fees for the shipping service used by Amazon, just months after President Donald Trump criticized the USPS, saying it gives Amazon too good of a deal.
Earlier this year I quoted Chicago-based hedge fund manager John Thompson of Vilas Capital Management– who has been incredibly vocal (and blunt) about Tesla.
Amid recent reports that Sears is set to file for bankruptcy as soon as this weekend ahead of a $134 million debt payment due on Monday, the only question is whether the filing will be a Chapter 11 debt for equity reorganization or a Chapter 7 liquid
After two consecutive months of disappointing wholesale business data, with both inventories and sales reporting disappointing prints in June and July, the August wholesale data surprised strongly to the upside, confirming that the trade war-impacted
As other potential Tesla-challengers are messing around with (failed) self-parking stunts and fighting each other on Twitter, Lucid Motors has been quietly finishing up the product it plans to sell next year.
Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months.
Up until very recently, there were essentially two kinds of business and economic reporting trends emanating since the 2008 Financial Crisis:
