"An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers," Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates.
B. Riley initiated coverage on aluminum makers on Thursday, preferring Century Aluminum (CENX) over Alcoa (AA). Analyst Lucas Pipes launched coverage of Alcoa with a Neutral rating and a $47 price target. Pipes writes that alumina prices have been elevated on "unique events," which is an oblique way of referring to tariffs.
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. One such company that might be well-positioned for future earnings growth is Canada Goose Holdings Inc. GOOS.
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
Jun.21 -- Intel Corp. removed Brian Krzanich as chief executive officer after learning of a previous consensual relationship with an employee. Chief Financial Officer Robert Swan has been named interim CEO. Bloomberg Intelligence's Anand Srinivasan reports on "Bloomberg Markets: The Open."
Goldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. "We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates," the Goldman note stated. Verizon VZ and Charter CHTR are down 9 percent and 14 percent respectively this year amid a judge's approval of AT&T T 's blockbuster deal for Time Warner and a bidding war for certain Twenty-First Century Fox assets between Disney DIS and Comcast CMCSA .
Intel CEO Brian Krzanich has resigned after the company learned of what it called a consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company's non-fraternization policy, which applies to all managers. Chief Financial Officer Robert Swan will take over as interim CEO immediately.
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
I scoffed at Spotify Technology when it went public in early April. I only bought the shares when the stock revisited it's previous lows in early May when TheStreet's founder Jim Cramer mentioned in passing how much he liked the service. I tried the
Micron Technology Inc. (mu) beat earnings expectations as profit and revenue continued to grow quickly in a report issued Wednesday afternoon, but shares still declined slightly in after-hours trading. Micron reported third-quarter net income of $3.82 billion, or $3.10 a share, on sales of $7.8 billion, up from $5.57 billion in the year-ago quarter.
Wall Street analysts adjusted their price targets on two big-name chipmakers Wednesday as Advanced Micro Devices received a hike and Intel got a cut. Morgan Stanley raised its price target on AMD to 11 from 8, but reiterated its underweight rating. AMD stock broke out of a 44-week consolidation period at a buy point of 15.75 on June 7.
Having a comprehensive, integrated and personalized retirement income plan is key for retirees and pre-retirees. Today’s retirees need to look at all available resources they may have available to them in their household balance sheet, which includes not only maximizing assets but also reducing liabilities. Many retirees overlook simple solutions to create and protect retirement income because they follow the herd instead of getting individual recommendations from a retirement planning expert.
FANG stocks hit an all-time high. Should investors fade it or trade it? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Dan Nathan and Guy Adami.
Shares of Alibaba Group (NYSE:BABA) have largely trotted sideways over the past couple of weeks. The charts however now point out that BABA stock is setting up for another leg higher. For the year-to-date, BABA stock thus far is higher by close to 20%.
It's something we have heard every step of the way from when John Flannery replaced Jeff Immelt in August of last year when the stock as at $25. It became like asking how were the accommodations and the food on the Titanic.
Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. On Monday, Musk said an employee had changed parts of Tesla's manufacturing operating system code and sent "highly sensitive" company data to outside parties, according to an internal email acquired by CNBC.
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
In a press release touting “another record year,” Intel dropped a a bombshell, announcing that CEO Brian Krzanich is resigning, amid revelations of a “past consensual relationship” with an employee. “Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee,” the company notes in the release. “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers.
Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited.
To understand why, look at what happened to IBM (IBM) in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.
Unlike Alphabet’s , and , which rely on overseas markets for a third or more of their total sales, Alibaba and Tencent collect only a small fraction of their revenue outside of China. In essence, Alibaba and Tencent are creating rival tech ecosystems that mirror their competition in China, and are requiring local startups to choose sides.
Intel Corp. Chief Executive Brian Krzanich has resigned from the company effective immediately, the tech giant said Thursday, after he was found to have violated company policies through a past relationship with another employee. In a release, Intel (INTC) announced that an investigation by internal and external counsel found that Krzanich violated the company’s “non-fraternization policy” when he had a “past consensual relationship” with someone else at the company.
Here are some of the companies with shares expected to trade actively in Thursday's session. Stock movements reflect premarket trading. Intel —Up 2%: Brian Krzanich has resigned as CEO of the chip maker