Month: November 2018

Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts’ estimates. The company’s shares, which have fallen about 14 percent this year, rose 5 percent in extended trading. Box ended its third quarter with more than 90,000 paying customers, up from 87,000 in the
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Noam Galai | Getty Images for TechCrunch Daniel Schreiber, co-founder and chief executive of Lemonade, speaks onstage during TechCrunch Disrupt NY 2017. Lemonade, a U.S. home and renters insurance start-up, is making Europe its first global expansion target. The New York-based firm uses artificial intelligence (AI) and chatbots to tailor insurance products for homeowners and
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German police conducted a search of Deutsche Bank‘s offices in Frankfurt on Thursday, amid allegations of money laundering against the country’s flagship lender. The investigations are directed against two Deutsche Bank staff members, with both accused of helping clients set up off-shore businesses to launder money gained from criminal deeds. A total of 170 police
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Acadia Pharmaceuticals Inc.: “We keep getting asked about this one. It’s amazing how much people want to buy this stock. That was up $3 today. It’s central nervous system. It’s really hard. That’s a very difficult area. People have not had a lot of success there, but it’s a spec that people like and I’m
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Qualcomm is in a winning position when it comes to the fifth generation of cellular service, more commonly known as 5G, and the shift to 5G communication will come as soon as 2019, CEO Steve Mollenkopf told CNBC on Wednesday. “The entire world is going to transition to 5G,” Mollenkopf said in an exclusive interview
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The Nasdaq is moving ahead with plans to launch bitcoin futures as early as next year, despite an ongoing bear market for crypto. The world’s second-largest stock exchange is partnering with VanEck to launch cryptocurrency products, including derivatives, according to a representative from the investment management firm. Gabor Gurbacs, VanEck’s director of digital asset strategy,
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Huntington Bancshares Inc.: “The regionals are not working for me. The regionals are not working. There are two that I like a lot. I like Citi[group], which is trading at tangible book [value] — [CEO] Mike Corbat doing a great job — and I like J.P. Morgan, where [CEO] Jamie Dimon is doing a great
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Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger or been in a better position, and the reason why is every company that we’re dealing with
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