In 2020, according to Statista, the global video game industry will be roughly double the size of global box office revenue — $90 billion vs. $49 billion. Yet none of the major American legacy media companies has major exposure to video games. Why not? To this point, only Sony is the owner of a film […]
Read moreIn 2001, Seattle-based Brooks Running made a strategic decision to focus on only one category within sports retail, and the company never looked back, according to Chief Executive Jim Weber. That category was running. For the latest quarter, Brooks reported double-digit revenue growth, boosted by sales of the company’s shoes for avid runners, including Brooks’ […]
Read moreYou can own the same BMW Z8 convertible the late, iconic entrepreneur and Apple CEO Steve Jobs owned. It will come at a price, though. Sotheby’s, the auction house where the car will be sold, expects Jobs’ wheels to go for between $300,000 and $400,000. The BMW will go up for auction on Dec. 6 […]
Read morePresident Donald Trump might not have made it to the White House if the number of robots in the labor market wasn’t as high, according to researchers. A study by three Oxford University academics found that workers exposed to automation were more likely to vote for Trump than for than his Democratic opponent Hillary Clinton. […]
Read moreMerck shares dove after multiple firms downgraded the company, citing delays in lung cancer trial results and a withdrawal of the company’s application to market oncology drug Keytruda for lung cancer in the European Union. The company announced Friday after the closing bell that it was pulling its application, a decision analysts at SunTrust Robinson […]
Read moreCryptocurrencies are surging in value, and university students want in on the action. In the past year, the price of bitcoin has multiplied by almost nine-fold, while ethereum is up about 27-fold. Hundreds of other currencies have emerged this year, and new projects are raising tens or even hundreds of millions of dollars in coin […]
Read moreInvestors should buy Apple, but ignore reports of concerns about its new iPhones, CNBC’s Jim Cramer said Monday. “I urge people to not pay any attention to these publications that come out and say, ‘Look, there’s a shortage, they switched suppliers,'” said Cramer, whose charitable trust owns shares of Apple. “Apple is like the ‘Fight […]
Read moreTesla’s disappointing Model 3 production ramp is a troubling sign, according to one Wall Street firm. UBS reaffirmed its sell rating on the electric car maker’s shares, predicting Tesla will continue to have issues producing its Model 3 vehicles. In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus […]
Read moreApple has reportedly dismissed an engineer after his daughter’s iPhone X hands-on video went viral on YouTube. Brooke Amelia Peterson published a vlog earlier this week, which included a trip to the Apple campus to visit her father and see an unreleased iPhone X. Peterson’s video was quickly picked up by sites like 9to5Mac, and […]
Read moreDigital currencies issued by central banks will make transactions more efficient while cryptocurrencies serve as a vehicle for illicit activity, economist Barry Eichengreen told CNBC Monday. Asked whether he thought cryptocurrencies like bitcoin and ether would play a major role in the economy, he said: “Not really.” “I think there is a role for central […]
Read more