Despite posting better-than-expected earnings, Biogen Idec’s (BIIB) shares fell 5.4% immediately after the release of third quarter results. Although shares recovered slightly in the subsequent trading session, the overall decline is approximately 3.3% since the announcement of third quarter results. The decline in share price reflects concerns regarding the growth prospects of Biogen’s oral multiple…
The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run. Bitcoin was trading at $352 at the start of the week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed…
Microsoft (NASDAQ MSFT), once nearly orphaned by investors, has nearly touched its 52-week high. As a matter of fact, make that a 10-year high, for good measure. It has gotten there without a large explosion in new businesses like cloud computing. Much of the rise in revenue and profits has recently come from businesses that…
Thin is in. Apple Inc (NASDAQ AAPL)’s upcoming iPad Pro tablet is rumored to be as thin as the new iPhone 6. This report comes from Japanese tech blog Macotakara. It is reported the next Apple tablet computer will not be quite as thin as the iPad Air 2, but it will be thin as…
Magic Leap raised $542 million in a funding round led by Google Inc (NASDAQ GOOG) on Tuesday. The number 1 mobile chipmaker, Qualcomm Inc (NASDAQ QCOM) is invested in this funding round as well as Andreessen Horowitz, KKR, Obvious Ventures and Legendary Entertainment. The company’s Founder and CEO, Rony Abovitz said its mission is to…
Facebook Inc (NASDAQ FB) is offering a revenue share deal to the publishers that will enable newspapers, magazines, and websites to send their articles for the social network directly through its mobile app, according to a report from the New York Times. The social networking website has initiated a “listening tour” with publishers to discuss…
