THE opening of Britain’s Liverpool and Manchester Railway in 1830 marked several firsts in rail history. It was the world’s first inter-city line. It was the scene of the first widely reported passenger fatality. And it was also the first where all trains were hauled by the track owners. Previous lines had seen competition between […]
Read moreInvestor money is hemorrhaging out of global stock funds at a pace not seen since just after the financial crisis exploded. Global equity funds have seen outflows of $12.4 billion in June, a level not seen since October 2008, according to market research firm TrimTabs. Lehman Brothers collapsed in September of that year, triggering the […]
Read moreThe U.S. securities regulator on Thursday unveiled a proposal to ease its rules for approving low-risk exchange-traded-funds (ETFs), in what could potentially be a major win for the $3.5 trillion market. The Securities and Exchange Commission (SEC) will propose allowing issuers to launch vanilla ETFs without first seeking approval from the regulator, in a move […]
Read moreIBM’s cloud, analytics and security segments should easily offset declines in its legacy business and present a buying opportunity for investors looking for sustainable revenue growth, according to one analyst. Nomura Instinet’s Jeffrey Kvaal initiated coverage on the technology company with a buy rating and set a 12-month price target of $160, implying more than […]
Read moreChipotle Mexican Grill‘s shares tumbled by almost 9 percent Thursday morning after the company announced its strategy to revitalize the fast-casual restaurant chain but provided few details on its future growth prospects. “The call was lighter on detail than we would have liked so we expect weakness in the stock today,” Peter Saleh, an analyst […]
Read moreAmazon’s interest in the prescription drug business as ripe for disruption took a huge leap forward with Thursday’s announcement that the e-commerce giant is buying online pharmacy PillPack. While the start-up is relatively small with about $100 million in revenue last year, it could serve as a beachhead for Amazon’s broader ambitions in health care. […]
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Amazon recently updated its Alexa app to make it even easier to use the Alexa voice assistant on your iPhone. That’s good news, because Siri still kind of stinks and Alexa has become much more powerful. While the app has always been the go-to place to manage any Amazon Echo devices you might own in […]
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Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher […]
Read moreIn 2014 Chinese President Xi Jinping called for a “robot revolution” in manufacturing. It’s now under way and boosting productivity, but there are adverse consequences. After decades of growth, rising wages are consuming profits and pushing manufacturing to Southeast Asia. Shanghai’s minimum monthly wage, for example, the highest in China, is 2,420 yuan (US$366.62), two […]
Read moreAmazon just introduced new software and accessories that will turn your Fire tablet into a portable Echo. The company on Thursday unveiled a new case and stand for the Fire HD 8 and Fire HD 10 tablet so those devices will act almost just like the Amazon Echo Show, a larger gadget that has a […]
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