The market’s recent flirtation with optimism ran smack into the harsh reality of rising core inflation and a slowing consumer Tuesday. Not surprisingly, optimism lost and major averages tumbled.The Dow fell nearly 200 points, or 1.5%, while the S&P an
Silicon Valley’s Churchill Club recently held its annual Top 10 Tech Trends Dinner and four of the talking points tackled mobile phones. Mobile is a sector of the startup economy that always seems poised to explode, and then doesn’t. But famed Valley inve
Two separate but related data points yesterday confirm what many Americans know intuitively: Consumers are feeling the pinch and are starting to pull back on discretionary items.SanDisk CEO Eli Harari made some cautious comments about “soft” sal
It ain’t over til it’s over.That was the message from investing legends Warren Buffett and George Soros yesterday, and the market is taking heed today.Soros was particularly concerned about inflation, which is front and center today as
Gizmodo is reporting the much-anticipated 3G iPhone will be launched on June 9 at Apple’s Worldwide Developers Conference: “Someone very, very close to the 3G iPhone launch has told me that Apple
will announce their new model at the WWDC Keynote on
Several news services have now confirmed what Reuters first reported Monday and Kara Swisher speculated about Sunday: Microsoft has proposed buying Yahoo and will then take a stake in the company, after Yahoo sells is Asian assets, including Alibaba. …
Reporting on his dinner at an “upscale” Chinese restaurant with Carl Ichan, The NYT’s Andrew Ross Sorkin reveals several tidbits:Icahn tried to call Steve Ballmer, but couldn’t get through Microsoft’s switchboard.Icahn sees himself as a champion
From paidContent.org, May 20, 2008:Legendary investor T. Boone Pickens has picked up 10 million shares of Yahoo (NSDQ: YHOO),
on the basis that betting on Carl Icahn is a good one. Pickens made the
announcement in an interview with CNBC’s Becky Qu
The blogosphere is buzzing with fresh chatter about whether Microsoft will buy Facebook. But my guest today -
Barron’s has a cover story this week that argues Oracle chief executive Larry Ellison doesn’t get enough Wall Street love. It argues many of the same points
A lackluster finish took some shine off the tech stocks, which began Monday with a big deal-induced rally.While renewed talks between Microsoft and Yahoo got most of the media attention, many traders were buzzing about a
Reporting on his dinner at an “upscale” Chinese restaurant with Carl Ichan, The NYT’s Andrew Ross Sorkin reveals several tidbits:Icahn tried to call Steve Ballmer, but couldn’t get through Microsoft’s switchboard.Icahn sees himself as a champion