Bitcoin futures are expected to bring some stability to the wild cryptocurrency market, but not at the start. The Cboe is the first of three U.S. exchanges planning a futures product, and its contract, based on a single coin unit, launches at 6 p.m. ET Sunday. Some trading firms and brokers plan to stand back […]
Read moreThe beverage business needs to crack the code of how to prompt shoppers to buy on impulse online. The bulk of consumers still purchase their groceries in traditional brick-and-mortar stores, but analysts expect more to go digital. Skipping the grocery store and shopping online could put impulse purchases, and some profit, at risk. However, big […]
Read moreMicrosoft and Google are among companies that have expressed private concerns to Qualcomm about a Broadcom takeover, according to people familiar with the matter. The companies are wary of Apple’s potential influence over a deal, said the people, who asked not to be named because the discussions are private. They’re also worried about Broadcom’s reputation […]
Read moreDisclosure: Affiliates controlled by Eric Jackson have long positions in Disney and Netflix. Since David Faber first reported a few weeks ago on CNBC that Rupert Murdoch was looking to sell a substantial part of 21st Century Fox‘s assets to Disney, many media onlookers have wondered: why? Enough has leaked out to provide 2 plausible […]
Read moreThis post originally appeared on the blog, Law and Political Economy, and is republished here by permission. Economists tend to characterize the scope of regulation as a simple matter of expanding or contracting state power. But a political economy perspective emphasizes that social relations abhor a power vacuum. When state authority contracts, private parties fill […]
Read moreUnited Natural Foods, a major Whole Foods supplier, revised its full year revenue guidance after seeing record sales and an unexpected surge in demand last quarter — another sign that Amazon‘s Whole Foods acquisition is leading to increased sales at the grocery chain. During the earnings call on Thursday, United Natural Foods CEO Steve Spinner […]
Read moreNo, you are not imagining things. Everyone is talking about bitcoin, even your mom. With a price approaching $20,000 a coin this week, it’s not hard to understand why. The digital currency started out the year below $1,000. A mere curiosity until recently, Bitcoin is about to get a big dose of legitimacy, something that […]
Read moreAs long as it holds above $13,000, bitcoin has a chance of spiking to $45,000 later next year, a technical analyst told CNBC on Friday. Bitcoin was under continued pressure Friday, falling nearly 18 percent at one point. But the digital currency had skyrocketed the day before, reaching above $19,000, before plunging. Walter Zimmermann, an […]
Read moreMicrosoft could reach a $1 trillion market cap by 2020 or sooner, analysts from Evercore ISI said in a Thursday note. The company’s current market cap is around $650 billion. In coming up with their calculations, the analysts — who also raised their target price from $93 to $106 — pointed to the growth of […]
Read moreBitcoin‘s wild spikes this week are unlikely to be repeated next week or by other cryptocurrencies, according to a bitcoin security expert. “The first time a new thing is launched, then it becomes extremely important for the reaction of the market. Next time, so let’s say the next future being launched, [you’ll] probably not see […]
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