- Wall Street ends slightly lower after late rally
- Tue, 09 Feb 2016 16:55:31 -0500 -
(Reuters) - U.S. stocks ended a volatile session barely lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices.
- Yellen faces tough sell on Fed rate hikes in Congress
- Tue, 09 Feb 2016 15:27:31 -0500 -
By Jonathan Spicer and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) - Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets. The Fed Chair also is likely to find herself in heated exchanges with lawmakers over the bank's perceived secrecy, with presidential candidates from both sides of the aisle now taking regular shots at the Fed on the campaign trail.
- ESPN takes the edge off 'Star Wars' success at Disney
- Tue, 09 Feb 2016 16:49:21 -0500 -
(Reuters) - A drop in profit at Walt Disney Co's cable networks unnerved investors despite jumps in overall quarterly income and revenue, driven by the blockbuster release of "Star Wars: The Force Awakens".
- In cloud stock tumult, investors give valuations a reality check
- Tue, 09 Feb 2016 16:39:36 -0500 -
Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. The deep selloff, sparked last week after business analytics company Tableau Software Inc gave a dismal sales outlook, has put a dent in earnings multiples of several marquee business technology names. Cloud-related stocks have rewarded investors handsomely in the long term, with an index of 44 cloud-related stocks tracked by venture capital firm Bessemer Venture Partners up 84 percent over the past five years, compared with the S&P 500's rise of 49 percent.
- Cost cuts, cheaper commodities help Coca-Cola top profit estimates
- Tue, 09 Feb 2016 12:02:02 -0500 -
Coca-Cola Co reported a better-than-expected profit in the last three months of 2015, helped by aggressive cost-cutting and lower commodity costs. The soda maker's revenue fell 8 percent, but surpassed analysts' average estimate, boosted by price hikes and the company's bet on smaller can and bottle sizes. Coca-Cola's shares rose about 1 percent to $43.02 in morning trading on Tuesday.
- GM recalling 473,000 SUVs, pickups in North America for brake pedal problems
- Tue, 09 Feb 2016 16:07:48 -0500 -
(Reuters) - General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut. The Detroit automaker is calling back 426,573 2015-16 Chevrolet Silverado HD, GMC Sierra HD, and Chevrolet Tahoe police vehicles in the United States and 46,837 in Canada. GM says the brake pedal pivot nut may become loose, causing the brake pedal to be loose or inoperative.
- More Americans quitting jobs as labor market strengthens
- Tue, 09 Feb 2016 15:28:36 -0500 -
The signs of a robust jobs market could ease concerns about the health of the economy, which were underscored by other reports on Tuesday showing a drop in small business confidence in January to a two-year low and further declines in wholesale inventories. "If the labor market is tightening, can the economy really be faltering?" said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. The so-called JOLTS report is among the data watched by Federal Reserve officials to get a pulse on both the labor market and inflation.
- Obama proposes $4.1 trillion spending plan in final White House budget
- Tue, 09 Feb 2016 15:53:53 -0500 -
U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities. Obama, a Democrat who leaves office next January, sought to outline his fiscal and political vision for the country with proposed investments in infrastructure, cyber security, education, and job growth.
- More pain possible for Fitbit shareholders as lockup expires
- Tue, 09 Feb 2016 17:12:02 -0500 -
Fitbit Inc's stock, already at a record low, could take another hit on Wednesday, when insiders and employees will be allowed to sell some 127.3 million shares that had been locked up. "The stock is in a steep downtrend and negativity begets more negativity on Wall Street," said John Gardner, managing member at Aptus Capital Advisors LLC in Fairhope, Alabama. "Fitbit would be on our radar once price tells us that this negative downtrend is over.
- Deutsche Bank looking to buy back several billion euros of bonds -FT
- Tue, 09 Feb 2016 16:57:57 -0500 -
(Reuters) - Deutsche Bank AG is looking to buy back several billion euros worth of its debt in an effort to reverse the falling value of its securities, the Financial Times reported. Deutsche Bank is expected to focus its emergency buyback plan on senior bonds, of which it has about 50 billion euros ($56.44 billion) in issue, according to the bank, the FT said. The bank's move is unlikely to involve so-called contingent convertible bonds, the FT said, citing people briefed on the plan.
- Stocks edge lower in early trading on Wall Street
- Tue, 27 Nov 2012 09:42:32 -0500 - Stocks are edging lower on Wall Street in early trading as investors take little solace from the latest deal to deliver financial help to Greece and an increase in U.S. home prices.
- Bank of England keeps interest rates steady
- Thu, 05 Jun 2014 07:02:53 -0400 - LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
- StreamNation shuts down its cloud media service on March 8th
- Tue, 09 Feb 2016 16:44:00 -0500 -
- Hundreds of newly found galaxies may unravel gravitational space mystery
- Tue, 09 Feb 2016 16:33:03 -0500 -
Hundreds of Galaxies lurking near the Milky Way could help explain an anomaly known as the Great Attractor.
- Vine update lets you reorder an account's videos
- Tue, 09 Feb 2016 16:21:00 -0500 -
- Atari Lynx: A romance of high scores and low batteries
- Tue, 09 Feb 2016 16:00:00 -0500 -
- 9 days: Black-hat hackers' threshold in untargeted attacks
- Tue, 09 Feb 2016 15:52:58 -0500 -
When hackers deem their efforts in untargeted attacks such as credit card database breaches aren't profitable, they give up within nine days, according to a new study.
- 'The Division' is getting an open beta next week
- Tue, 09 Feb 2016 15:43:00 -0500 -
- Trump says repeating someone's vulgarity is 'like a retweet'
- Tue, 09 Feb 2016 15:27:12 -0500 -
The presidential candidate steps into the politics of Twitter. He says repeating an audience member's rude colloquialism aimed at Ted Cruz was like a retweet.
- Prep for the debates and primaries with Engadget's election guide
- Tue, 09 Feb 2016 15:21:00 -0500 -
- Obama seeks $19B for cybersecurity in 2017, a 36% increase
- Tue, 09 Feb 2016 15:18:16 -0500 -
The Obama administration is seeking a $5 billion funding increase for cybersecurity for the fiscal year 2017. Here's why it matters.
- Neil Patel: "I want to help people"
- Tue, 09 Feb 2016 15:11:40 -0500 - Photo from Neil's blogI met Neil last year in Bucharest and it was an honor for me to be able to share my dreams with him. Neil Patel is an entrepreneur, investor and influencer, known for his work in digital marketing and as the cofounder of startups like KISSmetrics, Crazy Egg and Quick Sprout. He is an inspiration to me. I read his...
- Google backs away from banning dedicated Android ad blockers
- Tue, 09 Feb 2016 14:58:00 -0500 -
- Never Check Email Before Noon (And Other Thoughts on Doing Your Best Work)
- Tue, 09 Feb 2016 14:56:07 -0500 -
Dana Vollmer did not have an easy road to the Olympics.Vollmer is an olympic swimmer, but it wasn't just the grueling practice schedule that made her journey to the top difficult. At the age of 15, Vollmer discovered that she had a heart disorder known as long QT syndrome. She had heart surgery later that year, but the operation didn't...
- Apache Kafka is booming, but should you use it?
- Tue, 09 Feb 2016 14:44:46 -0500 -
Apache Kafka is a natural complement to Apache Spark, but it's not the only one. Here's how to figure out what to use as your next-gen messaging bus.
- Rubik's Cube solved in less than a second...by a robot, of course
- Tue, 09 Feb 2016 14:44:18 -0500 -
A talented machine lays claim to a new world record for solving a scrambled Rubik's Cube, and it's a wonder to behold.
- Everything you need to know about Deadpool before 'Deadpool'
- Tue, 09 Feb 2016 14:42:32 -0500 -
At a loss when it comes to Marvel's Merc with a Mouth? Let's jump in at the shallow end and wade through the Deadpool. (That's funny because his name is Wade.)
- Meet Hatsune Miku, the ultimate manufactured pop star taking the world by storm
- Tue, 09 Feb 2016 14:39:45 -0500 -
She's one of Japan's biggest singers, entirely computer generated and becoming a major celebrity all across the globe.
- The Problem With Agreeing To Let Someone "Pick Your Brain"
- Tue, 09 Feb 2016 14:39:24 -0500 -
"Could we meet and have a cup of coffee, so I can pick your brain?" Sound familiar? I'll bet it does. When you're a business owner who has had success in building and growing your company, aspiring entrepreneurs will naturally want your advice and insight. And you might feel some obligation to help them by sharing your words of wisdom and...
- PayPal shoots self in foot while 'white knighting' for Netflix
- Tue, 09 Feb 2016 14:35:00 -0500 -
- Vertu's sudden CEO swap spells trouble after Chinese buyout
- Tue, 09 Feb 2016 14:17:00 -0500 -
- Forget the Broncos. Beyonce, Budweiser and Marshawn Lynch really won the Super Bowl
- Tue, 09 Feb 2016 14:12:56 -0500 -
Sure, there was a football game, but tweets and other social media posts show most people focused on everything but the plays.
- How the 2016 presidential candidates measure up on social media
- Tue, 09 Feb 2016 14:09:15 -0500 -
Trump is tops on Twitter, but Bernie dominates on Reddit.
- Pre-order Oculus Rift-ready PCs starting on February 16th
- Tue, 09 Feb 2016 13:54:00 -0500 -
- Microsoft did buy Groove, after all
- Tue, 09 Feb 2016 13:43:00 -0500 -
Seven months after Microsoft rebranded its music player 'Groove,' the team behind the Groove music player app says Microsoft bought its technology.
- The best beard trimmer
- Tue, 09 Feb 2016 13:30:00 -0500 -
- Twitter's 'First View' ads put videos at the top of your feed
- Tue, 09 Feb 2016 13:26:00 -0500 -
- As cloud computing spreads, survey shows IT managers getting more resourceful
- Tue, 09 Feb 2016 13:16:00 -0500 -
RightScale's latest survey of 1,000-plus IT managers finds hybrid cloud rules, and IT is at the center of the action. They are turning to DevOps and containers to make things happen.
- Apple TV expanding voice controls
- Tue, 09 Feb 2016 13:05:36 -0500 -
The latest beta version of Apple TV's upcoming software also includes support for Bluetooth keyboards and the ability to organize your apps into individual folders.
- Microsoft starts providing release notes for Windows 10 updates
- Tue, 09 Feb 2016 13:04:00 -0500 -
Microsoft is starting to provide users with information about what is in the updates it's delivering for Windows 10, as officials promised last Fall.