Etsy, the online market for handmade, vintage and craft items, will cut 15 percent of its workforce. It’s the second wave of job cuts. Combined with a round in May, the reductions amount to about 22 percent of the staff, according to a press release. Etsy has struggled in its first two years since going […]
Read moreCurrency, United States Finance
6-time Grand Slam champion Boris Becker declared bankrupt by British court
Boris Becker has been declared bankrupt by a British court after he failed to pay a long-standing debt. A lawyer for the six-time Grand Slam champion pleaded with a Bankruptcy Court registrar in London for a last chance to pay a debt that Becker has owed private bankers Arbuthnot Latham & Co. since 2015. The […]
Read moreIntel‘s ability to easily raise chip prices may be ending, as the company faces tougher competition from AMD and Nvidia, a Bank of America Merrill Lynch research analyst said. The bank lowered its rating on Intel to neutral from buy, predicting the company will lose market share to AMD’s latest server chips and Nvidia’s artificial […]
Read more[The stream is now live. Please refresh the page if you do not see a player.] Alibaba is highlighting the opportunities for American small businesses in China this week with a conference called Gateway ’17 in Detroit. Alibaba founder Jack Ma, UPS CEO David Abney and home goods icon Martha Stewart are among the featured […]
Read moreWal-Mart is telling Amazon game on. The big-box retailer is reportedly warning some tech companies that if they want Wal-Mart’s business, they can’t run applications on Amazon’s cloud platform, Amazon Web Services (AWS), a handful of tech companies have told The Wall Street Journal. Wal-Mart uses some tech vendors’ cloud apps that run on AWS, […]
Read moreEBay on Wednesday said it would match top competitors’ prices for a number of popular products in an effort to lure customers. The news follows a string of initiatives by the seller marketplace to catch up to e-commerce rivals, and ultimately set itself apart as a haven for finding treasures online rather than commodity products. […]
Read moreThe “Fast Money” traders shared their first moves for the first day of summer. Pete Najarian was a buyer of Oracle. Tim Seymour was a buyer of Alibaba. Steve Grasso was a buyer of PulteGroup. Guy Adami was a buyer of Whirlpool. Trader disclosure: On June 20, 2017, the following stocks and commodities mentioned or […]
Read moreA difficult year for Target is getting worse. Wall Street is now more worried about Amazon’s threat to Target after the e-commerce giant’s $13.7 billion deal to buy Whole Foods Market. Target shares fell 5 percent Friday on the news of the deal. The stock is down 29.5 percent this year after the retailer’s disappointing […]
Read moreEvery year, tens of thousands of Americans receive new organs, giving them a new lease on life when the ones they were born with start to fail. In 2016 there were more than 33,600 transplants, a number that has risen by 20 percent in the past five years. However, there are many more than that […]
Read moreAlibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, evangelizing his burgeoning e-commerce platform, globalization and artificial intelligence. The billionaire Chinese businessman sat down with CNBC this week at the Gateway ’17 conference in Detroit for a wide-ranging interview on those topics […]
Read more