Bargain hunters should focus on biotechs since momentum is clearly on their side. On Wednesday, stocks closed higher, led by the small- and mid-cap sectors. The Nasdaq led all other indices, up 1%, while the S&P 500 rose 0.7% with 7 of 10 sectors advancing, and the Dow industrials gained 0.6%. Retail sales for July…
A recent legal referral in the EU may be inching the region a little closer to more unity on one small element of bitcoin taxation, but it won’t do much to help global confusion on the matter. Cryptocurrencies are so new that few member states have worked out how to interpret the VAT rules for…
Google (NASDAQ GOOG) has a big problem and this time, it involves sharks. The search giant’s fiber optic cable lines in the Pacific Ocean are being ravished by great white sharks and now the company is forced to do a massive repair project. Google plans on reinforcing the fiber-optic cables deep inside the ocean to…
In an historical development, Apple Inc (NASDAQ AAPL) has started housing data servers on Chinese soil to store personal data of Chinese users, potentially out of the reach of US legal jurisdiction. Although Apple claims the move is to “improve service,” the issue of government access to cell phone communications that can be used to…
Sam Lessin, the vice president of product management of Facebook Inc (NASDAQ FB) announced his resignation in a post on the company’s website yesterday. According to him, he will step down from his position effective August 29. Lessin didn’t have immediate plans for his next move for his career, but intends to help his wife’s…
Facebook Inc (NASDAQ FB) is likely rekindling privacy worries with its new plans to study users’ shopping habits across multiple devices. The social network says it will tell advertisers on what device shoppers first viewed the items they bought and then which device they were using when they actually purchased the item. Facebook has revealed…
