As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
This is what you call a year-end rally.
Shares of wireless charging company Energous have more than tripled this week after the Federal Communications Commission certified the company's "power-at-a-distance" transmitter. The Energous WattUp Mid Field transmitter can charge smartphones, watches, smart speakers and all sorts of other gadgets at a range of up to three feet.
Energous attained FCC approval in time for next month's giant Consumer Electronics Show, where the company will be demonstrating its technology.
Energous now faces the challenge of getting the product into the market and convincing manufacturers to build its radio technology into future chips. Apple is using the competitive Qi wireless standard in its charging mat, which was announced in September.
But Energous is first to gain FCC clearance for midrange charging, and the company has partnered with Dialog Semiconductor as it seeks to find big-name distributors.
"Being first to market creates a meaningful competitive advantage to charging at a distance technologies," wrote William Gibson, an analyst at Roth Capital Partners, in a note on Thursday. "Dialog acts as a validation point for the technology."
Gibson, who recommends buying the stock, raised his 12-month price target to $45.80. Energous rose 38 percent to $32.82 on Thursday, after jumping 168 percent the previous day. Heading into this week, the stock was trading at $8.83.
With a market value below $1 billion and a stock that's thinly traded (a few hundred thousand shares change hands on most days compared with over 25 million for Apple), volatility is to be expected. More than 42 million shares traded on Wednesday, followed by over 38 million on Thursday.
Energous is by far the biggest gainer in the Nasdaq Composite Index this week and for the month of December.
"In our opinion, it's all about execution and the number of devices using WattUp chips in 2018 and 2019."