A Morgan Stanley analyst’s downgrade of Snap was an “obituary,” and the social media company is struggling in the mobile ad space like Twitter, CNBC’s Jim Cramer said Tuesday. “Snap, crackle, pop,” Cramer said on “Squawk on the Street.” “This is (Mark) Zuckerberg going after them in a way that is only – it’s not […]
Read moreTuesday might be known universally as Amazon’s Prime Day, but other retailers aren’t going to miss out on the heavier-than-normal online shopping traffic. In fact, a survey shows 76 percent of Prime Day shoppers will visit other major online stores to research product ratings and reviews before making a purchase on Amazon.com, according to consumer […]
Read moreStart-up WeWork has raised about $760 million of new funding, according to filings with the Delaware Department of State. The company’s valuation now stands at $20 billion, unnamed sources told Forbes, which previously reported the funding round. That would be higher than the $16.9 billion valuation last estimated by CB Insights. WeWork declined to comment […]
Read moreApple will release its new iOS 11 software for the iPhone and iPad this fall, but you can try it now. You just need to sign up to become a public beta tester through Apple’s website, which is free and easy. There are some caveats you should know about, though. While you’ll be getting a […]
Read moreIt’s Prime Day 2017, which is Amazon‘s now-annual midsummer deals bonanza designed to entice the few of us that are left without a Prime subscription to sign up. Thousands of prices get slashed, as if being admonished for their insolent cost, and replaced with marginally more affordable ones. Delivery is free, unlimited, and same day […]
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WHAT is the best way to kill a zombie? Fans of Daryl Dixon, a character in “The Walking Dead”, a television series, will know the answer: a crossbow bolt to the brain. Getting rid of corporate zombies, however, is a much more complicated process. Ageing populations mean that the workforces in developed economies are likely […]
Read moreAn electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader niche electric automobile businesses. Faraday Future Chief Financial Officer Stefan Krause said Monday’s decision to scrap the plant was due to a shift in […]
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The U.S. dollar looks ready to turn from loser to leader. Strategists say the beaten-up dollar could be in the process of making a turn higher, thanks to Federal Reserve policy. The currency was at a four-month high against the yen Tuesday and was rising against a basket of currencies. The dollar index was up […]
Read moreBarclays on Tuesday upgraded shares of Exxon Mobil to overweight, saying the oil major’s stock price appears to have bottomed and it now looks attractive compared with its peers and the broader market’s payout to shareholders. The bank maintained its $94 price target on Exxon’s stock, compared with an average target price of $85.94, according […]
Read moreThe United States and Qatar signed an agreement on combating terrorism and its financing during a visit to Doha by US Secretary of State Rex Tillerson, his senior adviser R.C. Hammond told reporters. “Qatar and the United States have signed a memorandum of understanding between the two counties outlining future efforts Qatar can take to […]
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