Despite its massive success, Amazon Prime hasn’t been able to solve one nagging problem: its heavy concentration in high-income households. But Amazon’s decision to lower prices at Whole Foods could help draw more lower and middle income people to its Prime program, as they will feel more compelled to check out the grocery store — […]
Read moreJapan’s core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making slow but steady progress toward meeting the central bank’s 2 percent inflation target. But the increase was still largely driven by higher fuel bills as subdued wage growth discouraged […]
Read moreTraders have been betting Mario Draghi is the central banker most likely to surprise markets at Jackson Hole Friday, but now it actually could be Fed Chair Janet Yellen. Markets have been waiting for the Fed’s annual Jackson Hole symposium, expecting Draghi, the European Central Bank president, to provide some insight into when the ECB […]
Read moreA retail relief rally is underway as the sector’s earnings reports come in better than expected, so CNBC’s Jim Cramer found three key strategies that helped retailers skirt Amazon’s influence. “In the last 24 hours, we’ve … seen three different ways to beat Amazon at its own game: the Williams-Sonoma way, the PVH way and […]
Read moreThe chance of a government shutdown in the fall, should Congress fail to reach an agreement around the debt ceiling, may cause a surge in market volatility ahead. While strategists and economists largely argue that the government is likely to avoid a shutdown, as the debt limit is a perennial issue, such a shutdown would […]
Read moreA retail relief rally is underway as the sector’s earnings reports come in better than expected, so CNBC’s Jim Cramer found three key strategies that helped retailers skirt Amazon’s influence. “In the last 24 hours, we’ve … seen three different ways to beat Amazon at its own game: the Williams-Sonoma way, the PVH way and […]
Read moreAs Congress’ debate on tax reform continues and the risk of a government shutdown grows, Intuit CEO Brad Smith told CNBC that his tax-handling giant would do its part in the meantime. “We’re excited about tax simplification. We’ve been working really hard for years to try to make it happen, but in the absence of […]
Read moreOn a day when the stock market remained fairly flat, CNBC’s Jim Cramer wondered why the week’s rally seemed to have tapered out after several days of steady rise. “There’s plenty of gremlins at play here that seem to counteract the positives that might let us go higher,” the “Mad Money” host said. “Why don’t […]
Read moreHumans of New York, a blog that features photos and short as-told-to biographies of everyday people, is getting its own TV show on Facebook’s Watch platform. The project, which has more than 17.5 million followers on its Facebook page, is being turned into a 30-minute episodic TV show of the same name. The series will […]
Read moreJefferies downgraded Twitter shares to hold from buy Thursday based on the view that there are “better social plays elsewhere.” “TWTR’s global platform has broad user engagement, but monetization is slipping,” Brent Thill and a team of equity analysts said in a note. “In social we see a clear winner in FB.” Shares fell more […]
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