As part of its review of Amazon‘s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some 1,000 products […]
Read moreUber has tapped a top ally and major fundraiser for President Donald Trump as the ride-hailing company tries to lobby for friendlier regulation — and a bit less scrutiny — in a Republican-dominated Washington, D.C. In an ethics disclosure quietly filed to Congress this week, Uber revealed it had hired the firm Ballard Partners and […]
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Just as many on Wall Street are warming up to bitcoin, one of the lone financial analysts who forecast a surge when the digital currency was just six cents now has an extremely negative view. “A bearish trifecta — the Elliott wave pattern, optimistic psychology and even fundamentals in the form of blockchain bottlenecks — […]
Read moreSen. John McCain’s diagnosis of glioblastoma Wednesday night once again sheds light on this devastating illness and the need to find a cure. It is the same brain cancer that took the life of Joe Biden’s 46-year-old son, Beau, back in 2015, and former Sen. Ted Kennedy in 2009. In a tweet by the former […]
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Morgan Stanley’s internet analyst expects Twitter shares to lose half their value due to lack of spending from advertisers. On Thursday, a team led by equity analyst Brian Nowak maintained a price target of $10 a share on the social media stock, down 50 percent from Twitter’s close at $20.12 Wednesday. The shares are up […]
Read moreMicrosoft will release its earnings results for the fourth quarter of its 2017 fiscal year, which ended on June 30, after markets close on Thursday. The company’s call with financial analysts begins at 5:30 p.m. Eastern time. EPS: Excluding certain items, analysts expect 71 cents in earnings per share, according to Thomson Reuters. Revenue: Analysts […]
Read moreIt wasn’t long after Elon Musk tweeted he had “verbal government approval” to build an underground Hyperloop from New York City to Washington, D.C. that questions started swirling. Who signed off on the plan? Where will the tunnels be located? Who will pay for it? Just as important is the question of how much will […]
Read moreAmazon has landed another big health-tech hire, this time from Box. Missy Krasner, vice president and managing director of Box’s healthcare and life sciences group, is headed to the e-commerce company, according to two sources familiar with the matter. The sources, who asked not to be named because the hire hasn’t been announced, didn’t know […]
Read moreWall Street analysts have spent the last three months cutting their 2017 profit forecasts for Facebook. But you wouldn’t know it by looking at a chart of Facebook shares, which are up roughly 40 percent year-to-date, as the company prepares to release second-quarter results next Wednesday. Just ahead of its much-anticipated financial report and conference […]
Read moreQualcomm shares slid Thursday despite the company reporting better-than-expected earnings the day before — and a top semiconductor analyst said there is little to no incentive for investors to buy the stock. “At best I think it’s probably dead money,” Bernstein analyst Stacy Rasgon told CNBC on Thursday. Rasgon said the company’s biggest problem is […]
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