Now that Amazon officially owns Whole Foods Market, one top Wall Street firm predicts the internet giant expanding into the physical grocery store market will boost its other businesses. Morgan Stanley reiterated its overweight rating for Amazon shares, saying millions of Whole Foods shoppers will likely sign up for Amazon Prime. Amazon’s “price cuts, Prime […]
Read moreTired of hearing about the iPhone X? Google clearly is, as the Mountain View company has just debuted a new marketing campaign and website that urges viewers to “ask more.” The new landing page is part of the madeby.google.com subdomain, and it carries the teasing tagline of “thinking about changing phones?” It was on October […]
Read moreU.S. consumers who want Apple‘s newest iPhones, including its most expensive model yet, the iPhone X, may find fewer deals as wireless carriers are less willing to offer subsidies on devices in a saturated market. New phone launches have long offered carriers a chance to gain market share by offering incentives such as free service […]
Read moreBitcoin prices fell about 7 percent on Thursday after one of the biggest exchanges in China said it will shut down its operation. The cryptocurrency traded at $3,601.40 at 7:58 a.m. in New York, far below an all-time high of $5,013.91 set earlier this month. BTC China said in a tweet Thursday it will close […]
Read moreIt’s a rather slow year for IPOs, but Thursday we’ll see an IPO floated at the NYSE that is getting more than the usual amount of attention. The company is Social Capital Hedosophia, and they are planning a fairly healthy IPO of $500 million: 50 million shares at $10. Normally, of course, IPOs announce price […]
Read moreWorries rippled through the consumer market for antivirus software after the U.S. government banned federal agencies from using Kaspersky Labs software on Wednesday. Best Buy said it will no longer sell software made by the Russian company, although one security researcher said most consumers don’t need to be alarmed. Best Buy declined to give details […]
Read moreCredit reporting company Equifax blamed a web server vulnerability in its open-source software, called Apache Struts, for the recent data breach that compromised personal details of as many as 143 million U.S. consumers. The massive data breach had exposed valuable information to hackers between mid-May and July and sent Equifax shares tumbling, the company said […]
Read moreBillionaire Elon Musk has shared a sequence of clips demonstrating “how not to land” a SpaceX rocket. In an Instagram post Thursday, the SpaceX chief executive described the “sordid history” of orbital rocket Falcon 9. The rocket “eventually managed to land in one piece and stay that way,” Musk said. “Maybe Falcon realized it still […]
Read moreTesla CEO Elon Musk announced Wednesday that the company’s “unreal” semi truck was tentatively set to be unveiled in October. Elon Musk tweet: Tesla Semi truck unveil & test ride tentatively scheduled for Oct 26th in Hawthorne. Worth seeing this beast in person. It’s unreal. Musk has already revealed some details about the project. Speaking […]
Read moreJohn McAfee on Wednesday challenged JPMorgan CEO Jamie Dimon‘s skepticism of bitcoin. Dimon on Tuesday called bitcoin a “fraud” that will eventually blow up. McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position “are not idiots,” but he challenged Dimon’s criticism. “You called bitcoin a fraud,” […]
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