As shoppers gear up for Amazon Prime Day beginning Monday evening, the biggest sales day of the year for the company, Jack Ma is probably snickering somewhere. That’s because his Alibaba has its own Prime Day — and it’s exponentially bigger. November 11 is known as Singles Day in China and it has become a […]
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Women who feel “awkward” buying bras and underwear at brick-and-mortar retailers are now ringing up their lingerie purchases online instead, and this is helping Amazon gain coveted market share, a new report from sales analytics firm One Click Retail has found. The so-called Amazon effect is striking again, and this time in the clothing department. […]
Read moreInternet controls in China are about to get even more restrictive. The government there has ordered telecommunications firms to bar the usage of Virtual Private Networks by February 1, 2018, according to a Bloomberg report, citing sources close to the matter. VPNs provide a secure encrypted connection, which China’s government says allows users to circumvent […]
Read moreHonda Motor said on Monday it had confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata air bag inflator. The Japanese automaker said the incident occurred in Florida in June 2016 when an individual was working on repairs on a 2001 Honda Accord and the air bag ruptured. At […]
Read moreInvestors have learned that “it’s different this time” is the most dangerous rationale for buying into a market bubble. It’s easy to believe that the United States’ stock market has been fundamentally changed by the technology of trading itself or by one of the new contraptions that is supposed to make trading easier and investing […]
Read moreGet ready, Wall Street. This could be a banner earnings season for the S&P 500, according to data from S&P Capital IQ. The company forecasts second-quarter earnings will grow at least 6.2 percent on a year-over-year basis. The increase will boost S&P 500 operating earnings per share for the trailing 12 months to an all-time […]
Read moreIn New York City, mass transit has become a daily nightmare for millions of commuters, riddled with delays, cancellations and derailments during what even New York Gov. Andrew Cuomo has called the “summer of hell.” Transportation app Moovit seeks to be the antidote, mapping the best route no matter your situation. Moovit boasts a presence […]
Read moreAs the world looks ahead to a future of interconnected, self-driving cars, this college town 40 miles west of Detroit has emerged as a one-of-a-kind, living laboratory for the technologies that will pave the way. Here, it is not uncommon to see self-driving Ford Fusions or Lexus sedans winding their way through downtown streets and […]
Read moreWhen Warren Buffett acts, investors notice. And after he took a roughly $300 million position last month in Home Capital Group, a troubled Canadian mortgage underwriter, some investors saw it as a vote of confidence not only in that company, but also in Canadian stocks over all. Al Rosen takes a different view. A veteran […]
Read moreIt shouldn’t come as a huge surprise that Apple‘s next high-end iPhone could cost more than a grand, money manager and popular blogger Josh Brown said Monday. He spoke after Apple watcher and developer John Gruber told CNBC he thinks the entry-level version of Apple’s iPhone 8 will start at $1,200, above the $1,000 figure […]
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