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Republicans passing a tax reform bill would be nice for stocks, but strong earnings are really what will take the market higher, closely followed strategist Bob Doll told CNBC on Thursday. Tax reform “is important, but it’s not the whole ball game,” said Doll, Nuveen Asset Management’s chief equity strategist. “The ball game is earnings. […]

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Chinese traders on the Shanghai Futures Exchange are increasingly influencing the price for copper, rather than on the London Metal Exchange, analysts say. “We’re seeing the center of gravity in the metals pricing shift to China,” said Dane Davis, commodities research analyst at Barclays. China accounts for nearly half of the world’s consumption of copper, […]

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Airbnb said on Thursday it acquired London startup Accomable to expand home-renting opportunities for people with disabilities, the latest expansion as Airbnb grows its global travel business. The deal includes adding to the Airbnb website Accomable’s roughly 1,100 house and apartment listings that can accommodate guests with physical disabilities, the companies said. San Francisco-based Airbnb […]

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Wal-Mart isn’t afraid of Amazon. No, not even in the slightest. The big-box retailer is laser focused on internal initiatives, according to Wal-Mart’s head of U.S. e-commerce, Marc Lore. That includes luring more high-end brands to sell on Walmart.com and across its stores, expanding an online grocery pickup service, and keeping prices competitive, but not […]

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The states driving most of Overstock‘s purchases via cryptocurrency aren’t your typical tech havens. The top five states for cryptocurrency purchases are Alaska, Delaware, Oregon, Wyoming and Hawaii have , the company told CNBC. Overstock got this statistic by looking at the percentage of overall revenue from each state that came from cryptocurrency purchases. (Absolute […]

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Citing the “extreme deterioration” in the company’s energy business, Moody’s Investors Service on Thursday downgraded General Electric‘s long-term debt. The ratings agency knocked the senor unsecured bonds down to A2 from A1, which is still investment-grade debt but is now six steps away from Moody’s highest rating. A2 is considered upper medium grade. The move […]

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Security researchers claim to have discovered a flaw in Amazon’s Key Service could let a driver re-enter your home after dropping off a delivery. Amazon Keyallows you to order goods from Amazon and have them delivered inside of your home instead of on the doorstep. It consists of a smart lock and a camera that’s […]

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