Can bitcoin be a transformational, technology-based, currency and be in a bubble at the same time? Uh, yeah! JPMorgan Chase CEO Jamie Dimon created a bit of a stir in the market for Bitcoins on Tuesday by claiming the cryptocurrency is a fraud and is in a valuation bubble that will burst, while adding that […]
Read moreU.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs of a pickup in underlying producer inflation. The Labor Department said on Wednesday its producer price index for final demand increased 0.2 percent last month after slipping 0.1 percent in July. In the 12 months […]
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Early estimates from Wall Street economists suggest the twin hurricanes that slammed the United States will have a sizable negative impact on third-quarter growth numbers. Economists shaved their GDP estimates, with Oxford Economics paring 0.4 percentage points on the low end of the range to Goldman Sachs trimming 0.8 points on the high end. Most […]
Read moreThe latest iPhones announced by Apple on Tuesday will likely be the biggest consumer technology product launches this year. To take advantage, one Wall Street analyst shared his best semiconductor stock ideas featuring those that will benefit the most from innovative features added to the new models. “Our supply chain work indicates a significant increase […]
Read moreRussian authorities evacuated people from dozens of buildings in Moscow on Wednesday after a flurry of anonymous phone calls asserting the locations had been mined, RIA news agency reported. Three of Moscow’s main train stations were being checked on Wednesday, along with the city’s famous GUM department store near Red Square, and more than 20 […]
Read moreAs homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest as many as 300,000 borrowers will become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings. This from […]
Read moreTarget is investing big to win the 2017 holiday shopping season. The big-box retailer announced Wednesday it will hire about 100,000 seasonal workers this year, a gain of more than 40 percent from last year’s 70,000. Target also said it will add 4,500 jobs at its distribution centers, in anticipation of more online orders. “Target […]
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Shares of Dolby Laboratories popped on Wednesday after Apple revealed several new products featuring Dolby technology. New Apple products, including the iPhone X and the new Apple TV 4K, will support video technology called Dolby Vision, Apple said on Tuesday a big launch event in Cupertino, Calif. Apple said that Dolby’s technology will help the […]
Read moreAmazon.com is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico’s nascent e-commerce industry. The new warehouse is slated to be built in the Tepotzotlan municipality about 25 miles (40 km) north of the Mexican capital, according […]
Read moreRecords are being set monthly in the space industry, and private companies are the ones leading the surge. While companies like United Launch Alliance and SpaceX may get the glory, thanks to the enduring sex appeal of thundering rocket launches, spaceports are quietly driving the industry forward, acting as its critical backbone. “The standard that […]
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