Tennis star and entrepreneur Serena Williams is joining the board of SurveyMonkey, along with Intuit CEO and chairman Brad Smith, the online survey company said. Hewlett Packard Enterprise CEO Meg Whitman and Turbonomic’s executive chairman Bill Veghte are stepping off as directors as part of the move. As most know, Williams is one of the […]
Read moreShares of Abercrombie & Fitch plunged 21 percent on Monday and dragged down other stocks in the battered retail sector as the U.S. teen apparel maker terminated talks over a potential sale. Investors saw Abercrombie’s failure to sell itself as yet another blow to a retail sector already struggling to cope with changing consumer tastes […]
Read moreCiting supply constraints and potentially massive demand for Apple’s iPhone 8, Apple watcher and developer John Gruber said he thinks the entry-level version of Apple’s most high-end iPhone will start at $1,200. That’s a lot more than the $1,000 figure that has been floating around recently. Gruber, who frequently hosts Apple executives on his podcast […]
Read moreAmazon on Monday morning offered a “sneak peek” at some of the deals its reported 85 million Prime members will be able to choose from, as its third annual Prime Day kicks off at 9 pm ET. Among the bargains are a 50 percent markdown on the Amazon Echo, $50 off the August Smart Lock, […]
Read moreAlphabet on Monday said it has kicked off a new research initiative aimed at improving human interaction with artificial intelligence systems. The People + AI Research (PAIR) program currently encompasses a dozen people who will collaborate with Googlers in various product groups — as well as outsiders like Harvard University professor Brendan Meade and Massachusetts […]
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Stocks are entering “frothy territory” and could fall soon due to a turnaround in monetary policy, a Deutsche Bank economist said Monday, citing analysis that is used by some of the more notable names in finance. “We believe the equity market in developed countries begins to show symptoms of ‘froth,'” Mikihiro Matsuoka, chief economist at […]
Read moreAmazon’s annual sale extravaganza, Prime Day, is more centered around technology products each year, with giveaways and steep discounts on Apple MacBooks, Microsoft‘s Surface products and even Google Home devices. But perhaps more telling is a much less flashy deal: Four months of unlimited music for 99 cents through Amazon. It’s a deal that targets […]
Read moreBig tech stocks have already enjoyed sharp gains this year and Goldman Sachs says there are more to come this earnings season. Consumer discretionary and energy are a different story, however. In a note Friday, David Kostin, Goldman’s chief U.S. equity strategist, said he expects margins for large-cap tech stocks to remain stable this year […]
Read moreWhile lotteries racked up $80 billion in sales last year, if millennials aren’t interested in playing, the industry’s luck could change. Only one-third of people aged 20 to 35 bought a lottery ticket last year, and the numbers are declining. That demographic trend troubles both the lottery industry and the states and programs that rake […]
Read moreCurrency, United States Finance
OPEC and non-OPEC production cuts can go longer and deeper if necessary, says Russia energy minister
OPEC and non-OPEC producers have the capacity to extend and deepen their production cuts should the oil market’s situation become even more complex, Russia’s Oil Minister Alexander Novak told CNBC on Monday. “If necessary, we can extend the agreement. If necessary, we can increase the amounts that need to be reduced or on the contrary, […]
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