Bitcoin will likely outperform stocks and bonds the rest of this year, according to the first major Wall Street strategist to issue a report on the digital currency. “I think bitcoin is an underowned asset with potential for huge institutional sponsorship coming,” Fundstrat co-founder Tom Lee said on CNBC’s “Fast Money” Wednesday. “It has a […]
Read moreAfter disappointing Wall Street out of the gate, Thursday is Snap’s chance to snatch back its status as a social media darling. Snap will report second-quarter financial results after the bell, when analysts expect the company to add more users than last quarter. That could show investors that the company — which is still expected […]
Read moreShares of Blue Apron plummeted Thursday after the company said it was encountering unexpected costs tied to the start up of a new plant in New Jersey. The stock opened trading Thursday down 17 percent. As a result, the meal kit-delivery company said it plans to offset these expenses by reining in marketing spending. Blue […]
Read moreHold off on buying a Microsoft Surface tablet or laptop. Consumer Reports said on Thursday morning that it’s pulling its recommendation on Microsoft Surface laptops and tablets (including the Surface Pro, Surface Book and Surface Laptop) because of “poor predicted reliability in comparison to most other brands.” “25 percent of Microsoft laptops and tablets will […]
Read moreBlue Apron reported a steep second-quarter loss on Thursday as the meal-kit delivery company spends heavily to recruit new customers. Although the number of customers rose 23 percent year over year, the company said its client base shrank by 9 percent between the first and second quarter due to a planned $26.1 million reduction in […]
Read moreConsumer Reports is pulling its recommendation of four Microsoft laptops after one of its surveys found that users were complaining about problems with the devices. The consumer advocacy group said Thursday that it can no longer recommend Microsoft laptops or tablets because of poor reliability compared to other brands. Microsoft said the findings don’t accurately […]
Read moreIt may look like any other delivery van on the streets of San Francisco but look and listen for a few extra seconds and you’ll notice the difference. The all-electric truck by Chanje (as in “change”) is out to shake up the medium duty, short-haul commercial truck market. “We really see this potential in the […]
Read moreWhile bitcoin’s bitter infighting and subsequent price rise has taken center stage, rival cryptocurrency ethereum has been quietly pushing higher in the background. On Wednesday, ethereum hit $314.75, the highest level in over a month since it reached $322.28 on June 29, according to CryptoCompare, a platform monitoring live prices of major cryptocurrencies. The price […]
Read moreChina has demonstrated a world first by sending data over long distances using satellites which is potentially unhackable, laying the basis for next generation encryption based on so-called “quantum cryptography. Last August, China launched a quantum satellite into space, a move which was called a “notable advance” by the Pentagon. Using this satellite, Chinese researchers […]
Read moreBlue Apron’s horrendous six weeks as a public company isn’t killing off the meal-kit market. Rival start-up Chef’d just raised $35.2 million, according to a filing this week with the SEC. Chef’d CEO Kyle Ransford confirmed exclusively to CNBC on Wednesday that pork producer Smithfield Foods invested $25 million. Additionally, Campbell Soup contributed $10 million […]
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