Retail giant Amazon has a rather mixed reputation among progressives, to say the least. There are ongoing debates about its labor practices and its ruthless competitive tactics, which have driven competitor after competitor out of business. Among environmentalists, opinion is also divided — some argue that online shopping (and shipping) has accelerated wasteful consumer culture, […]
Read moreEven as some shoppers kept to tradition and headed off to the malls in person this Black Friday, spending remained brisk online. Shoppers have spent $640 million online Friday as of 10:00 a.m. ET, up 18.4 percent from last year, according to Adobe Analytics. Adobe tracks 80 percent of online transactions at the top 100 […]
Read moreAmazon’s cloud division is gearing up for its biggest event of the year, when customers and developers descend on Las Vegas for re:Invent. At the sixth annual re:Invent next week, Amazon Web Services executives are expected to announce new tools and share the stage with representatives from big companies who will tout their AWS usage. […]
Read moreThe Supreme Court’s first female justice, Sandra Day O’Connor, has helped teach millions of students civics through computer games created by an organization she founded. Now, with a push from the Supreme Court’s first Hispanic justice, Sonia Sotomayor, the group has translated one of its games into Spanish. The group iCivics, which O’Connor founded in […]
Read moreSamsung‘s best phones of the year, including the Galaxy Note 8, the Galaxy S8 and the Galaxy S8+, are all on sale for Black Friday. Amazon knocked $150 off of unlocked models of the Galaxy S8 and Galaxy S8+, which are available for $575 and $675, respectively. Amazon is also selling Samsung’s newest flagship device, […]
Read moreA precious metals fund is investing in bitcoin to reinvest profits from the digital currency in gold assets. Ned Naylor-Leyland, manager of the Old Mutual Gold and Silver Fund, said it started buying bitcoin in April, and that the virtual currency serves as a better allocation than a heavy weighting toward mining stocks. He said […]
Read more“I keep saying Amazon should buy Kohl’s,” Jan Kniffen, a retail consultant and former retail executive, told CNBC’s “Squawk Box” Friday morning. “It’s a very simple reason,” Kniffen added. “It [would give Amazon] a nice little halo.” Kohl’s roughly 1,100 department stores across the country — most of which are only one level, are detached […]
Read moreCurrency, United States Finance
This big employer just offered men and women the same parental leave
The largest insurance company in Britain has announced that all new parents are to be offered the same amount of paid leave after a child’s birth. Aviva is offering one full year of leave, with half of that term to be on full pay. The firm said the terms will apply to all employees, irrespective […]
Read moreCheck out which companies are making headlines before the bell: Qualcomm – Broadcom is considering raising its offer to buy its rival chipmaker, according to a Reuters report. Broadcom’s last offer consisted of $60 per share in cash and $10 per share in Broadcom stock, but sources say top Qualcomm shareholders want at least $80 […]
Read moreUnder Armour is on track for its worst year ever, but one portfolio manager is saying that the sports apparel maker could actually still be a long-term value play. “In the long run, looking at three to five years, if you are an investor, the fundamentals are so neutral and the stock is so low […]
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