Category

Technology

Tech Investing

Carl Icahn Just Did Your Bank Account a Big, Big Favor

In the Go-Go '80s – back when the hit movie Wall Street told us that "Greed Is Good" – Carl Icahn was known as a "corporate raider"… and was revered for his windfall-producing decisiveness.

Icahn is still around. And he's still active. Only now – in the politically correct 2000s – he's known as an "activist investor" who's gone up against the likes of Apple Inc. (Nasdaq: AAPL) and eBay Inc. (Nasdaq: EBAY).

And he can make you very, very rich...

Why Facebook Inc. (Nasdaq: FB) Stock Is Down Today

Why the sudden slip in Facebook (Nasdaq: FB) stock?

fb stock today

Shares of the social networking leader slipped some 5% intraday Friday to $56.50. That followed a 5.15% drop on Thursday. The recent slump has nearly wiped out all of 2014's gains and leaves shares close to FB's Jan 2 opening price of $54.83.

While FB shares are still up a modest 5% year to date, they sit roughly 20% off the highs hit less than a month ago.

Bitcoin

Bitcoin ATMs Will Push Digital Currency into the Mainstream

One of the main obstacles holding back mass adoption of Bitcoin is that it's not all that easy for the average person to buy it.

Title: bitcoin ATMs - Description: bitcoin ATMsThat is quickly changing, however, with the spread of Bitcoin ATMs. The few hundred Bitcoin ATMs scattered around the world right now will bloom into tens of thousands over the next few years, and eventually hundreds of thousands. (There are about 2.2 million conventional ATMs in the world.)

That kind of accessibility will prove key to the wider adoption of Bitcoin. But the machines also need to be easy to use, a consideration the Bitcoin ATM pioneers already seem to understand.

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Wearable Tech

Intel (Nasdaq: INTC) Doubles Down on Wearable Tech with Basis Acquisition

With its acquisition of Basis Science Inc., Intel Corp. (Nasdaq: INTC) has sent a loud and clear message that it has every intention of being a leader in wearable tech.

Details were not disclosed, but TechCrunch reported that the maker of wearable devices such as the Basis B1 fitness band went to Intel for about $100 million.

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Hot Stocks

Stocks to Buy Now: Smart Technologies (Nasdaq: SMT) Gets an 18% Bump, with More to Come

One of the best stocks to buy now comes from Canada's tech industry – and this week it gave us a preview of its potential.

Shares of the penny stock Smart Technologies Inc. (Nasdaq: SMT) has jumped more than 30% since last Friday to around $5.00 per share. This one-week run included an 18% increase yesterday (Thursday).

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Tech investing

How Apple Inc. (Nasdaq: AAPL) Will Dominate the Wearable Tech Wars

Apple Inc. (Nasdaq: AAPL) has quietly been putting together a strategy that will allow it to gain the upper hand in a wearable tech market that is forecast to explode over the next few years.

Apple is expected to introduce its long-awaited iWatch device before the end of the year, but that's just one small part of what the Cupertino, Calif.-based tech giant has planned.

drive the most people to buy and use wearable tech devices...

Earnings

Oracle Corp. (NYSE: ORCL) Stock Down 6% on Earnings Miss

Investors are hoping Oracle Corp. (NYSE: ORCL) will duplicate the same stellar results posted in December when the company reports fiscal Q3 2014 earnings Tuesday after the close.

[rwc_chart_single name="ORCL"]

Analysts are looking for a 4% increase in revenue to $9.4 billion and earnings per share to climb a nickel year over year.

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Tech Investing

5 Reasons Why Amazon's (Nasdaq: AMZN) Prime Price Hike Was Necessary, Reasonable, and Will Boost Amazon Stock (Nasdaq: AMZN)

Amazon.com stock (Nasdaq: AMZN) stands to get a boost from a move it implemented this morning (Thursday). We'll call it "Operation Prime."

Around 8:30 a.m. EST, Amazon Prime members received the following email, notifying them of a 25% price increase from $79 per year to $99 per year, effective upon membership renewal.

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Tech Investing

Profit Now from This Overlooked Tech Market

Many investors think of Canada as the land of mining stocks, and not without good reason.

It's resource-rich and home to a legion of mining firms that produce everything from gold and silver to iron ore. Canada ranks among the world's top five producers of 14 mineral commodities and is the world leader in the production of potash and uranium.

Of course, as a long-time tech investor I've followed many of these mining firms for a very simple reason. Materials like gold, silver, and rare earths touch a wide swath of tech products, from advanced defense systems to web-enabled autos, smartphones, and tablets.

Here's the thing. Resource firms (along with Silicon Valley to the south) greatly overshadow Canada's burgeoning tech scene. Yet the nation is home to thousands of companies in computing, e-commerce, information technology, and medical devices.

The trade group, the Information Technology Association of Canada, says its industry alone counts some 33,300 companies. Together, they generate a combined $155 billion in annual sales.

Unfortunately, the most famous Canadian tech firm of all remains troubled BlackBerry Ltd. (Nasdaq: BBRY). And yes, the mobile phone maker is making a comeback, but it is still treading water in an industry full of proven winners.

So while the potential for BlackBerry's rebound may be appealing to some, we've got three Canadian tech plays that offer much richer returns. And BlackBerry's high-profile struggles effectively "hide" their profit potential…