Getting patients to the doctor’s office is a big cost for many insurers. That presents an attractive opportunity for Lyft and Uber, which to date have focused on consumers. Non-emergency medical transportation is a $6 billion market, with most of that money going to cover the poor and elderly, who often don’t have cars or […]
Read moreWhatsApp has a long history of keeping advertising away from its users, and the co-founders of the messaging app once wrote a blog post that called ads disruptive and even insulting. Facebook, which bought WhatsApp for $19 billion in 2014, has a long history of placing ads on its most popular products and services, including […]
Read moreAmazon had a massive jobs fair on Wednesday to fill 50,000 positions across its warehouse facilities. Those jobs account for the vast majority of Amazon’s 380,000 employees. But the fastest-growing part of Amazon’s workforce has nothing to do with stocking and packing products. Sales jobs at the company’s cloud and advertising businesses are growing at […]
Read moreFederal Reserve policy and mechanism has kept up with the pace of technological change while markets are stuck in the past, according to an economist. “First of all, we markets are married to 1987 models of the Phillips Curve, the relationship between employment and wages, and we’ve spent all our time wondering why it’s not […]
Read more
Call it the Oprah Winfrey effect. Shares of Weight Watchers were climbing more than 15 percent in premarket trading Friday, after the New York-based company reported earnings that topped Wall Street expectations and raised its outlook for the full year. Ever since Winfrey associated herself with the brand back in 2015, Weight Watchers has been […]
Read moreAdvertising mogul Martin Sorrell told CNBC on Friday his company plans to double its investment in Snap this year. “But it’s at very low levels. It’s $200 million versus $6 billion or $2 billion for Facebook. So, you’re talking about a flea on the elephant’s backside,” the CEO of WPP said in a wide-ranging interview […]
Read moreThe stock market “has an awful good gig going,” with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday. “We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve […]
Read moreAs the dollar continues to get whacked, one market watcher says a historically weak greenback could present unique opportunities for Wall Street. “We’re seeing the most synchronized global growth expansion since the crisis. It’s not just the U.S. It’s Europe. It’s China. It’s Japan. It’s emerging markets. That’s what’s moving the dollar,” Stephen Parker of […]
Read moreCheck out which companies are making headlines before the bell: ADP – Bill Ackman’s Pershing Square said it was seeking effective control of the payroll services company through nominations for five board seats at the annual meeting, and is also calling for the replacement of CEO Carlos Rodriguez. Cigna – The insurer reported adjusted second […]
Read moreOil market is expected to see a downward correction this quarter but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays. “Prices have moved higher, due to a perfect combination of a favorable macro environment, a seasonal uptick in consumption, continued inventory drawdowns, and geopolitical […]
Read more