Wal-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 moreIDC said Wednesday the wearables market will nearly double by 2021, driven largely by increases in sales of smartwatches and smart clothing. Smartwatches, while more popular than ever, still haven’t become a must item for most people. Advances in health monitoring capabilities may help change that, IDC said. The market intelligence firm said it expects […]
Read moreCurrency, United States Finance
Oil prices 'like a falling knife' as sentiment hits all time low, says analyst
Oil prices could be poised to fall below $40 a barrel before too long, according to an analyst at Energy Aspects, as the commodity appeared set to post its largest price slide in the first half of the year for the past two decades. “This is like a falling knife right now, I genuinely haven’t […]
Read moreToward the tail end of his 28-year career at Goldman Sachs, Don Duet was running the bank’s technology division and helping lead investments in emerging companies including Square, Docker and Barefoot Networks. Duet retired from Goldman earlier this year, but far from hitting the beach, the ex-banker has gone from investing in start-ups and deploying […]
Read moreIn the last 20 years, the U.S. stock market has undergone an alarming change that too few people are aware of. Between 1996 and 2016, the number of listed companies fell by half, from 7,322 to 3,671, according to data from Credit Suisse. This occurred despite the U.S. economy growing nearly 60 percent over the […]
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