By one measure, the market is now more expensive that it has been since just after the dot-com bubble popped. Some strategists are concerned about stocks trading at such multiples, but others say earnings growth is somewhat justifying current valuations. The S&P 500’s forward price-earnings ratio just hit its highest level in 13½ years, according […]
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There’s a new smartphone you need to know about. In fact, I placed an order to buy Andy Rubin’s new smartphone before I boarded my plane home from a trip to San Francisco on Thursday morning. I was in town to meet with a variety of companies, including Essential, a new gadget brand launched by […]
Read moreYou could call Abraham Piper an accidental entrepreneur. At 36, he lives in Los Angeles and runs a digital media company that he expects to make $30 million in revenue this year. But he didn’t set out to start a business. In his 20s, the Minneapolis native was not terribly focused. It took him took […]
Read moreA fall in the value of the pound has seen a spike in the number of tourists visiting the shores of Britain. The office for national statistics (ONS) said the U.K. welcomed a record 10.75 million foreigners in the second quarter of 2017, the highest level since records began back in 1980. Sterling’s fall against […]
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Spain terror attacks 'totally different' to other deadly incidents in Europe
Europe has been the target of a series of deadly terror attacks in recent years, yet the nature of Thursday’s attacks in Spain are “totally different”, according to the managing director of a risk and security consultancy firm. Spain launched a comprehensive counter terrorism operation on Friday after the country’s deadliest terror attack in more […]
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Cars emerge as a preferred 'weapon of choice' for terrorists, former NYPD commissioner says
Cars have emerged as a preferred “weapon of choice” for terrorists, former NYPD Commissioner Bill Bratton told CNBC on Friday after deadly attacks in Spain. “It’s low cost, low tech, very high impact and it follows the al-Qaeda and ISIS instructions to use guns, bullets, bombs and cars,” Bratton said on “Squawk Box.” A manhunt […]
Read moreA turnaround for Blue Apron from its disastrous initial public offering is nowhere in sight, according to one Wall Street firm. Stifel lowered its rating for Blue Apron shares to hold from buy due to the lack of clarity of when the company will be able to fix some issues with operations. Blue Apron “is […]
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Data can shape psychological behavior and solve unhealthy habits, says fitness app CEO
Data which can track our psychological behavior is “something very powerful” and could be the key to tackling unhealthy habits, according to the CEO of a fitness app. British firm Earthmiles incorporates elements of the Quantified Self, a movement that aims to use the data acquired from aspects of an individual’s daily life – from […]
Read moreCheck out which companies are making headlines before the bell: Foot Locker – The athletic footwear and apparel retailer earned an adjusted 62 cents per share for its second quarter, well below estimates of 90 cents a share. Revenue missed forecasts, and same-store sales fell 6 percent compared to the consensus Thomson Reuters estimate of […]
Read morePresident Donald Trump, often seizing on stock market gains as a personal victory, may now see that he can get on the market’s bad side. Stocks sold off sharply Thursday, as investors worried about a possible exodus of cabinet members and advisors and doubted his ability to push through pro-growth programs. Rumors circulated that highly […]
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