With Amazon’s stock down over 125 basis points from its high, CNBC’s Jim Cramer couldn’t help but wonder if the e-commerce giant was the most vulnerable of the top tech stocks. The “Mad Money” host pointed to Wednesday’s news that Wal-Mart would partner with Google to link Wal-Mart shoppers’ accounts with a Google-made, voice-enabled device. […]
Read moreAs U.S. retailers race to adjust to an increasingly online shopping environment, PVH President and CEO Manny Chirico told CNBC that the e-commerce pain isn’t affecting much overseas. “The department store channel there continues to be fairly strong, and our own stores and our own direct e-commerce business is very strong,” Chirico told “Mad Money” […]
Read moreWith Amazon’s stock down over 125 basis points from its high, CNBC’s Jim Cramer couldn’t help but wonder if the e-commerce giant was the most vulnerable of the top tech stocks. “As I scan the big-capitalization tech and growth stocks, this one keeps standing out among the weakest, and I can see the bear case […]
Read moreFacebook has put long-time executive Andrew Bosworth in charge of all consumer hardware efforts as it readies a video calling device for release next spring, according to a new report in Business Insider. Bosworth, who was most recently vice president of the company’s ads and business platform, has worked at Facebook since 2006. A close […]
Read moreA decade ago, Sallie Krawcheck was in the throes of Wall Street chaos. She’d been demoted from the CFO job at Citigroup and was caught up in a high-profile management shake-up. After leaving Citigroup in 2008, she presided over Merrill Lynch’s global wealth management division for two tumultuous years as parent company Bank of America […]
Read more[This stream is scheduled to start at 4 p.m. ET. If it does not appear above, please refresh.] CNBC’s Jon Fortt sat down with some heavy hitters in Silicon Valley to discuss entrepreneurship, venture capital and scaling start-ups on Wednesday in conjunction with the “Fortt Knox” podcast series. The panel includes LinkedIn co-founder Reid Hoffman, […]
Read moreThe Federal Trade Commission will allow Amazon to continue its $13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, Bruce Hoffman, acting director of the Federal Trade Commission’s Bureau of Competition, said in a statement Wednesday. It ultimately decided not to […]
Read moreThe retail business is shrinking dramatically. While Amazon and Google and Wal-Mart duke it out for retail supremacy on the internet, vast swaths of the retail space have been reduced to micro-cap status, with tiny market valuations that make it impossible to borrow money and fund economic expansion. Amazon and Wal-Mart are the two giants […]
Read moreWal-Mart is hitting back at Amazon, hard. Emboldened by its recent acquisitions of Jet, Bonobos, Modcloth, and others, the retail behemoth has signaled that it is rebooting its e-commerce business to compete more effectively with “The Everything Store.” The public equity markets have rewarded Wal-Mart for its strategic shift. Since the Jet deal closed in […]
Read moreLaw enforcement officials, technology companies and lawmakers have long tried to limit what they call the “radicalization” of young people over the internet. The term has often been used to describe a specific kind of radicalization — that of young Muslim men who are inspired to take violent action by the online messages of Islamist […]
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