Tag Archives: year

Expectations high this year for a VR shakeup

With Facebook’s Oculus, Sony’s Morpheus and HTC’s Vive headsets getting ready to launch this year, expectations are high for virtual reality to shake up video games. But that’s not all; virtual and augmented reality technology is expected to disrupt a range of industries. “There’s architecture, there’s automotive,” said Oculus CEO Brendan Iribe to CNBC. “I think you’re going to see ... Read More »

Valeant investor Viking Global reports winning year

Not even Valeant’s turbulent fourth quarter could hold back Viking Global in 2015. Ole Andreas Halvorsen’s Viking Global Equities fund posted returns of 8.3 percent and the Viking Long Fund saw gains of 4.5 percent for 2015, topping benchmarks and putting Viking in the position of being one of the few funds that made money last year, according to documents ... Read More »

‘Big bets’ cost Google parent Alphabet $3.6 billion in losses last year

Alphabet, the parent company of Google, racked up $3.6 billion in losses last year through investments in “big bets” such as self-driving cars and Internet balloons. The company was known to be spending heavily on these items but revealed actual figures for the first time Monday when it broke out results separately for its core Google business and for big-bet ... Read More »

Oil could rebound to $60 this year: Strategist

Despite the recent commodity crush, one strategist remains bullish oncrude through the end of 2016. Bart Melek, head of commodity strategy at TD Securities, told CNBC’s “Squawk on the Street” on Friday morning that “there’s potential for a move lower, but any trend to the downside is probably unsustainable.” ‹ Will the election make oil credit crisisworse? Trade it: How ... Read More »

Market complacency reminds me of the year 2000: Acampora

Another day, another wild swing for the market. Stocks rallied off of a more-than-one-year low Thursday after a heap of selling this year has sent all major indexes into a tailspin. Over the past three weeks, in each session the Dow has seen an average 200-point move in either direction and the S&P 500 has had an average move of ... Read More »

Study: So far this year, nowhere to hide from bear

High yield, no yield, loved by Wall Street or hated, every kind of stock has been pretty much slammed this year — leaving no place for equity investors to hide. Bespoke Investment Group dissected the names in the S&P 500 to see if it could glean which kind of stocks (value, growth, etc.) led this year’s declines, but it found ... Read More »

Only three rate increases this year: Goldman’s Hatzius

Fed Chair Janet Yellen is scheduled to appear before Congress on Wednesday, but ahead of that the Street was talking about what she will say. “She needs to walk a fairly fine line between not appearing like she’s completely ignoring the turmoil in the markets, but at the same time also indicate that she still expects expansion,” said Goldman Sachs’ ... Read More »

HTC’s sales were down 35% last year

Taiwanese smartphone manufacturer HTC has released its annual financial report for the year 2015, revealing a sales drop of over 35%. The company’s last year’s revenue stood at NTD 121.68 billion ($3.65 billion), down from NTD 187.91 billion ($5.64 billion) in 2014. HTC saw its monthly revenue jump to a six-month high in the month of November, something that led ... Read More »

One year on, ‘Franckenschock’ still hurts Swiss

The Swiss National Bank’s (SNB) decision to scrap its cap on the franc against the euro a year ago today shocked markets and sent the country’s currency rocketing 30 percent. One year on, the franc is still high, 10 percent up against the euro, and export-focused Switzerland is still feeling the pain. Looking back at the SNB’s shock move James ... Read More »

The Honor X3 tablet might be Huawei’s big announcement at CES this year

As you may have heard, Huawei has scheduled its CES press conference for 10:00 AM local time in Las Vegas today, which we will be sure to cover, but a few leaks have been unearthed that might already give us some insight on what the Chinese giant has in store. Allegedly, Huawei won’t be launching any new “D”, “M” or ... Read More »