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- Bloomberg•2 hours ago
Apple Accused of Selling ITunes Customers' Listening Data
Three iTunes customers from Rhode Island and Michigan sued Friday in federal court in San Francisco seeking to represent hundreds of thousands of residents of their home states who allegedly had their personal listening information disclosed without their consent. The disclosure of iTunes customers’ personal data isn’t only unlawful but can also be dangerous because it allows for targeting vulnerable members of society, according to the complaint. "For example, any person or entity could rent a list with the names and addresses of all unmarried, college-educated women over the age of 70 with a household income of over $80,000 who purchased country music from Apple via its iTunes Store mobile application," the customers said.
- Zacks•2 hours ago
Uber Earnings Next Week: Battle Between UBER & LYFT Continues
Uber (UBER) is releasing its first Q1 earnings after market close on Thursday, May 30th. Both Uber and Lyft went public at a massive bottom-line deficit, with no profits in sight.
Market Realist•2 hours agoWhy Nordstrom’s Revenue Declined in the First Quarter
Nordstrom Continued to Decline after Unimpressive Q1 Results(Continued from Prior Part)Lower revenueNordstrom (JWN) revenue (retail sales plus credit card revenue) fell 3.3% to $3.44 billion in the first quarter of fiscal 2019, which ended on May 4.
Associated Press•3 hours agoReport: FTC's political wrangling delays Facebook settlement
Facebook may have to wait longer before resolving a U.S. government investigation into the company's mishandling of personal information. The Wall Street Journal is reporting that political wrangling is ...
Associated Press•3 hours agoTesla's bad news accelerates as Wall Street loses faith
Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk. For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles, which range in price from a base $35,400 Model 3 to a larger Model X SUV that can run well over $130,000.
- Bloomberg•3 hours ago
The Bursting of the Tesla Stock Bubble
Morgan Stanley threw the biggest blow, declaring that in a worst-case scenario, Tesla’s shares could sink to a shocking $10. A Wedbush analyst said the carmaker is facing a “code red situation” and cast doubt on whether Tesla can sell enough of its electric cars to make a profit. Some $23 billion in shareholder value has been wiped out, sinking the company’s market cap back below that of General Motors and Ford.
Associated Press•4 hours agoCEOs get $800,000 pay raise, leaving workers further behind
Congratulations, yours was in line with what CEOs at the biggest companies got. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other compensation, according to data analyzed by Equilar for The Associated Press. The eight-figure packages continue to rise as companies tie more of their CEOs' pay to their stock prices, which are still near record levels, and as profits hit an all-time high last year due to lower tax bills and a still-growing economy.
- Market Realist•4 hours ago
Nordstrom Continued to Decline after Unimpressive Q1 Results
Nordstrom Continued to Decline after Unimpressive Q1 ResultsStock in the redNordstrom (JWN) stock has fallen 27.5% on a YTD basis as of May 23. The upscale department store announced unimpressive results for the first quarter of fiscal 2019 after
Associated Press•4 hours agoEx-Facebook exec recommends Zuckerberg step down as CEO
Facebook's former security chief is disagreeing with calls to break up the social network. Instead, Alex Stamos believes the way to fix problems is for Mark Zuckerberg to step aside as CEO. Facebook co-founder ...
- Market Realist•5 hours ago
Will NIO Miss Q1 Revenue Estimates Like Tesla, Tencent, and Baidu?
Wall Street Expects NIO to Outperform TSLA, TCEHY, BIDU, and BABANIO’s Q1 2019 earningsChinese electric car company NIO (NIO) is slated to release its first-quarter earnings on Tuesday. Wall Street analysts expect the company to report a wider
Market Realist•5 hours agoInstagram’s IGTV Now Supports Horizontal Videos
Here's What's New at Facebook, Instagram, and Amazon(Continued from Prior Part)IGTV now supports horizontal videos, but Instagram is still bullish on verticalFacebook’s (FB) Instagram app launched its much-hyped IGTV almost a year ago. However,
Associated Press•6 hours agoCEO Pay: When investors say "nay" on spiraling packages
The stock market is in the midst of the longest bull run on record. The median company in the survey received a 94% approval rate on its "Say on Pay" vote, where shareholders give a thumbs up or thumbs down on executive compensation.
- Barrons.com•6 hours ago
Uber, Slack, and a Hedge Fund’s Other Big Bets on the Future
Glen Kacher and Jay Kahn of Light Street Capital have prospered by getting ahead of the biggest trends in technology, from ride-hailing and texting to food-delivery and e-commerce.
Market Realist•6 hours agoFacebook Has Stopped Paying Commissions for Political Ads
Here's What's New at Facebook, Instagram, and Amazon(Continued from Prior Part)Facebook is taking election-related misinformation seriouslySocial media giant Facebook (FB) is reportedly planning to make changes around the political ads on its
- Zacks•6 hours ago
3 Blue-Chip Tech Stocks to Buy Right Now
Let's check out three blue-chip tech stocks to consider buying right now.
- Barrons.com•7 hours ago
Buy Apple Stock While It’s Weak, Wedbush Says
Wedbush analyst Daniel Ives sees the current skepticism on Apple’s near-term prospects as a buying opportunity. He rates Apple at Outperform with a $225 price target.
- Motley Fool•7 hours ago
Why Snap Stock Jumped Today
The Snapchat parent is looking to add music features to its platform.
Market Realist•8 hours agoAmazon May Be Working on a Device That Can Sense Your Emotions
Here's What's New at Facebook, Instagram, and Amazon(Continued from Prior Part)Amazon has been trying to make Alexa ubiquitousOver the last year or so, Amazon (AMZN) has been pushing hard to make its digital assistant, Alexa, ubiquitous, even
- Market Realist•8 hours ago
Facebook Is Working Hard to Remove Fake Accounts and Hate Speech
Here's What's New at Facebook, Instagram, and AmazonFacebook removed 2.2 billion fake accounts in the first quarterSocial media giant Facebook (FB) released its third Community Standards Enforcement Report on May 23. The company disclosed that it
- Barrons.com•8 hours ago
Tesla’s Bonds Are Tumbling Too. Are They Worth a Gamble?
The electric-auto maker’s junk debt yields over 9% for good reason. If you’re feeling lucky, our options maven suggests a hedge.
- Market Realist•8 hours ago
Facebook Gears Up to Compete with PayPal in Fintech Market
Google Reacts to Amazon as Facebook Is Called to Tame CEO(Continued from Prior Part)Facebook registers Swiss fintech firmFacebook (FB) appears to be preparing for a fierce contest with PayPal (PYPL) and others for revenue in the technology-based
- Market Realist•8 hours ago
Google Wins Amazon Support for Pixel Business
Google Reacts to Amazon as Facebook Is Called to Tame CEO(Continued from Prior Part)Google expands Pixel smartphone distributionAmazon (AMZN) has joined the list of distributors of Google’s (GOOGL) new Pixel 3A and Pixel 3A XL smartphones,
