For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry. The reshaping of how Americans shop by the internet is accelerating. The US […]
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In a volatile few days of trading, digital currency ethereum on Monday rebounded nearly 40 percent from the seven-week low it hit Sunday morning. The bitcoin rival dropped 22 percent Sunday, to a low of $130.26, before rallying 38 percent from that level to hit $179.98 early Monday morning, according to TradingView charts of Coinbase […]
Read moreApple on Monday teased new emoji that it will launch later this year for the iPhone, iPad and Mac. The company said it revealed some of the new emoji to help celebrate World Emoji Day. Several fun new characters are on the way, including a genie, a tyrannosaurus rex, zombies, a woman breastfeeding, an elf […]
Read moreBlue Apron shares dropped sharply Monday morning, accelerating the slide since their debut amid fresh signs of competition from Amazon. The internet giant has registered a trademark in the U.S. for a service described as: “We do the prep. You be the chef,” according to a filing previously uncovered by The Sunday Times, based in […]
Read moreTesla’s stock is up more than 50 percent this year and apparently even its outspoken CEO Elon Musk thinks that is too far. “I’ve gone on the record several times that the stock price is higher than we have the right to deserve and that’s for sure true based on where we are today,” Musk […]
Read morePackage delivery company FedEx said its fiscal 2018 results would be hurt in part due to disruption of operations in its TNT Express unit following a cyberattack last month. The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, FedEx said in a regulatory filing on Monday. FedEx said it was unable […]
Read moreA group representing major technology firms including Alphabet and Facebook urged the U.S. Federal Communications Commission on Monday to abandon plans to reverse the landmark 2015 rules barring internet service providers from blocking or slowing consumer access to web content. The Internet Association said in its filing with the FCC that dismantling the net neutrality […]
Read moreAmazon may be building its own messaging app. A news site named AFTVnews recently published images submitted by one of its readers that suggest Amazon is ready to launch a new service called “Anytime.” The app was mentioned in a customer survey that sought information on what consumers want most out of a messaging app. […]
Read moreSnap‘s stock could be ready to bottom out, and could rise to $30 a share, tech analyst Brian White told CNBC on Monday. The Drexel Hamilton analyst explained on CNBC’s “Squawk Box” that about four months after Facebook went public the stock was down 60 percent and then rose. Four months after Snap’s IPO, the […]
Read moreAmazon already poses a major threat to the grocery industry, with plans to acquire supermarket chain Whole Foods. Now, it appears the internet giant is looking to enter the meal-kits business, based on a trademark application that Amazon submitted in early June. Amazon has registered a trademark in the U.S. for a service described as: […]
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