Microsoft on Wednesday announced that it has acquired Avere Systems, a start-up specializing in data storage. The technology could ultimately help Microsoft pick up more Azure revenue by serving customers who want to use cloud computing while still keeping data in their own facilities. Terms of the deal weren’t disclosed. Avere offers hardware for storing […]
Read moreThe sporting goods sector in retail isn’t shaping up to be all doom and gloom in 2018, despite some nasty headlines last year. Wells Fargo on Wednesday upgraded Dick’s Sporting Goods to outperform, also raising the firm’s price target on shares to $35 apiece, up from $26. The stock closed Tuesday at $29.49, having fallen […]
Read moreIf you want to become your own boss in 2018, coming up with a business idea is the first step. If that feels daunting, billionaire serial entrepreneur Richard Branson has advice: Start by asking yourself what you could do to make your own life better or easier. “Entrepreneurship in its truest form is about identifying […]
Read moreRetail’s darling could be in trouble in the new year. As shoppers have flocked to off-price stores like TJ Maxx and Marshalls for a less-expensive, one-stop shopping fix, sales mushroomed and put added pressure on America’s department stores. For much of 2017, Wall Street cheered the unique “treasure hunt” experience these stores provide, saying the […]
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ACCORDING to Ginni Rometty, IBM’s boss, the digital revolution has two phases. In the first, Silicon Valley firms make all the running as they create new markets and eviscerate weak firms in sleepy industries. This has been the story until now. Tech firms have captured 42% of the rise in the value of America’s stockmarket […]
Read moreThere may be a buying opportunity in Oracle shares if earnings rise, analysts at Morgan Stanley wrote on Wednesday. Oracle shares jumped nearly 3 percent Wednesday morning, hovering near $48 a share, down from September’s 52-week high of $53.14 per share. Morgan Stanley raised its price target to $57 a share. Oracle has gone through […]
Read moreAfter working through the lingering effects of a fake account scandal, Wells Fargo will thrive in the coming years, according to one Wall Street firm. Bernstein raised its rating for the bank’s shares to outperform from market perform, predicting a big boost to Wells Fargo’s earnings from tax reform. The bank could have a $2.5 […]
Read moreBarclays said Wednesday that Apple‘s decision to replace aging batteries for $29 instead of $79, following reports that it slowed down iPhones on purpose, could be bad for iPhone sales. “While this is a good PR move for Apple to resolve the issue, we are concerned it could be a mild headwind for iPhone unit […]
Read moreSpotify’s uncoventional plans to go public appear to be moving forward. The music-streaming company filed SEC documents in December for a public offering, unnamed sources told Axios. The documents are still confidential, Axios reported Wednesday. Spotify declined to comment to CNBC. Axios reported that the documents were for an IPO. But sources have told CNBC […]
Read moreInvestors can make a sizable fortune after listening to Wall Street superstar Byron Wien’s surprise predictions for the new year, CNBC’s Jim Cramer said Wednesday. The vice chairman of Blackstone’s private wealth solutions group issued an annual note Tuesday with his 10 predicted surprises for 2018. Among them, Wien sees a stock correction this year […]
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