The European Union wants to negotiate an ambitious trading partnership with Britain after Brexit, but will only do so once divorce issues are settled and on the basis of fair competition, including on tax, food safety and environment standards. “If we manage to negotiate an orderly withdrawal, to fully respect the integrity of the single […]
Read moreIf Amazon plans to stick to the stated criteria for its coveted second headquarters location, it may want to look south, at least according to a new CNBC analysis using data from our 2017 America’s Top States for Business study and the Census Bureau. The analysis gives high grades to a number of southern cities, […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – Goldman Sachs downgraded its outlook for the retail giant, lowering the firm’s rating on Wal-Mart to “neutral” from “buy.” In a note, Goldman said Wal-Mart “has solidified its transition to a winner” and sees the market’s price for the stock as having caught […]
Read moreTencent shares hit a record high Monday, bringing its valuation to over $500 billion. The technology firm is the first from China to reach the landmark valuation as it closes in on the likes of Facebook and Amazon. The Hong Kong-listed internet giant, known for its WeChat messaging app and online games, saw shares rally […]
Read moreIt’s been hip to be Square this year. Shares of the mobile payment stock have surged 222 percent in 2017, including 13 percent last week alone following the announcement that it would begin testing bitcoin on its app and a big analyst upgrade. Evercore ISI upgraded Square to outperform on Friday and doubled its price […]
Read moreGermany’s Bundesnetzagentur, the country’s Federal Network Agency, has banned the sale of children’s watches that have “eavesdropping” functions. The agency said that the watches, aimed at children between the ages of five and 12, contained a SIM card and a “limited telephony function” that could be set up and controlled using an app. The listening […]
Read moreAn electronic payment app that allows people to pay for goods and services in gold has been launched by fintech firm Glint. Released Monday, the app — also called Glint — allows users to link a Mastercard debit card to their phone, which then lets them buy physical gold bullion that is stored in a […]
Read moreAmazon set for holiday season 'blowout' with 'fuel left in the tank' for stock to rise, analyst says
Amazon is gearing up for a “blowout” holiday season with earnings in the fourth quarter likely to beat Wall Street expectations, one noted technology analyst said Monday. Daniel Ives of GBH Insights said in a research note that he believes Prime customers, those signed up to Amazon’s subscription service, are estimated to spend between 20-25 […]
Read moreMost of the upside for Wal-Mart‘s stock is now behind it after its big run this year, according to Goldman Sachs. The firm on Monday lowered its rating for Wal-Mart shares to neutral from buy, citing valuation. We downgrade “as the firm’s progress in growing earnings while investing in its business has been recognized by […]
Read moreChipmaker Marvell Technology said on Monday it would buy smaller rival Cavium in a deal valued at about $6 billion as it seeks to expand its networking equipment business. Under the deal, Marvell will offer $40 per share in cash and 2.1757 of its shares for each Cavium share. The deal is expected to close […]
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