Buffalo Wild Wings is hoping to forge a successful turnaround after more than a year of sluggish sales and it’s betting heavily on tech to make it happen. In October, the company revamped its website, leading to a 20 percent boost in online transactions, but it’s not stopping there, the company said. Buffalo Wild Wings […]
Read moreSprint will offer its unlimited data plan customers free subscriptions to the streaming service Hulu, the companies said on Wednesday, marking the latest move by a U.S. wireless carrier to bundle content with mobile service. Under the agreement, Sprint’s unlimited plan, priced at $60 a month for a single line, will cover Hulu’s $7.99 a […]
Read moreGamers are angry over Electronic Arts’ money-making strategy in its new “Star Wars” game. Wall Street is taking notice and getting concerned over the title’s financial prospects. The uproar centered on in-game purchases in “Star Wars Battlefront II.” They allowed players to save time by paying extra money to accelerate the “unlock” of major characters […]
Read moreHewlett Packard Enterprise is planning to announce a new product called OneSphere that could help companies track when employees use public clouds like Amazon Web Services. HPE filed a trademark application late last month for OneSphere. The description of the product included with the application is wide-ranging but has several references to hardware, and implies […]
Read moreA revised tax plan released Tuesday by the Senate drops a provision that would have taxed company stock options when they vest, letting Silicon Valley breath a sigh of relief. The measure would have potentially made it harder for some companies in the Valley to compete, according to executives in the industry. They typically compensate […]
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Traders have another potential stock play on bitcoin: Square. Jack Dorsey‘s company is testing support for bitcoin through its Cash payments app, according to a TechCrunch report overnight. Square did not immediately respond to a CNBC request for comment. Shares of Square jumped 3 percent in premarket trading Wednesday as one Wall Street firm was […]
Read moreChinese internet giant Tencent Holdings posted a 69 percent jump in its quarterly net profit, blowing past estimates, underpinned by a strong growth in revenue from its smartphone games and payment-related services. Net profit for the three months ended September rose to 18 billion yuan ($2.72 billion), China’s largest social media and gaming company said […]
Read moreBullish activity in commodities suggests the stock market will break more records, according to veteran market watcher Ed Yardeni. He says the rise in oil and industrial metal prices is likely to continue — a sign that demand is stimulating economies across the world. As a result, it should give the equities rally more juice. […]
Read moreU.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials, suggesting consumer spending remained fairly strong early in the fourth quarter. The Commerce Department said on Wednesday retail sales increased 0.2 percent last month. Data for […]
Read moreCurrency, United States Finance
Former ECB president calls for action over the amount of global debt
The current levels of global debt are concerning and demand action from policymakers, the former president of the European Central Bank (ECB) told CNBC on Wednesday. “Despite the fact that real growth is active, I wouldn’t say buoyant, but very satisfactory, we have some indicators on global leverage that are not that reassuring, in particular […]
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