Fitbit is reportedly working on a smartwatch for kids, according to a Tuesday Bloomberg report, as the company faces increasing pressure from Apple’s push into health tech. The line of child-sized wearables has apparently been under discussion for months. It’s unclear how the smartwatch would differ from Fitbit wearables already on the market, which offer […]
Read moreJeff Bezos’ wealth hit $105.1 billion, according to the Bloomberg Billionaires Index, passing Microsoft co-founder Bill Gates’ previous record from 1999. Bezos’ net worth nudged upward thanks to a rise in Amazon stock, which is up 6.6 percent year to date. Bezos first passed $100 billion in November on impressive Black Friday sales. It seems […]
Read moreAmazon is just getting started in the e-commerce and the retail business, according to one Wall Street firm. Piper Jaffray reiterated its overweight rating for the internet company’s shares, predicting Amazon will generate strong sales growth this year. “Amazon, despite its size and continued strong growth, is arguably still in the early innings of its […]
Read moreYou’ll soon have the option to request a package be delivered inside your home, or fresh groceries be stocked in your fridge, when you’re not around. You’ll just need an August Smart Lock. San Francisco-based August Home has partnered with same-day delivery service Deliv to safely open shoppers’ front doors to retailers, merging August Home’s […]
Read moreApple said it “has always looked out for kids,” defending its technology policy for children, after two major investors urged it to address what they said was a growing problem of young people getting addicted to Apple’s iPhones. Shareholders Jana Partners, a leading activist shareholder, and California teacher pension investor CalSTRS, one of the nation’s […]
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Shares of Under Armour fell more than 4 percent in premarket trading Tuesday after one Wall Street firm downgraded the company to negative. Despite a 30 percent rally in the past eight weeks, the athletic clothing maker will reverse course and lose all of those gains over the next year, according to Susquehanna Financial Group. […]
Read moreResearchers have discovered a piece of software that installs on a victim’s computer, mines a cryptocurrency called monero, and sends it to North Korea. AlienVault, a U.S. cybersecurity firm, said Monday that it had found a piece of malware, or malicious software, that places a mining application on a victim’s computer. Any mined currency is […]
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Shares of PayPal ticked 1 percent higher before the bell Tuesday after research firm Cowen decided to jump on the payments platform’s bandwagon. Analyst George Mihalos upgraded the stock to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target represents 11 percent upside. He […]
Read moreThe discussion of North Korea’s nuclear program and its weapons arsenal, which is solely aimed at the United States, would negatively impact inter-Korean ties, a North Korean official said on Tuesday while finishing up talks with the South. “North Korea’s weapons are only aimed at the United States, not our brethren, China or Russia,” said […]
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It appears the dash-for-trash strategy is already paying off for investors in the early days of 2018. “Losers have been doing well,” Bespoke co-founder Paul Hickey said Monday on CNBC’s “Trading Nation.” “The 20 best performing stocks as of the end of Friday were down a median of 11 percent last year.” The so-called Dumpster […]
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