The European market has been a major part of Amazon’s international business, with Germany and the UK accounting for more than 17% of its total sales last year. Part of its success has to do with Amazon’s rapid distribution expansion in Europe, as this map from Citi Research shows. Since 2010, Amazon has significantly expanded […]
Read moreA judge has granted former Uber CEO Travis Kalanick a legal win on Wednesday by sending an explosive lawsuit brought by his investors to arbitration rather than ordering it to play out in his courtroom. The decision is the latest dramatic turn in an rift between Uber and once of his closest allies, Benchmark Capital, […]
Read moreCloud file syncing and sharing company Box on Wednesday saw its stock fall by as much as 7 percent after the company released better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. EPS: Excluding certain items, a loss of 11 cents per share vs. a loss of 13 […]
Read moreBroadSoft, a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter. Shares of BroadSoft jumped more than 10 percent in afternoon trade. The move comes as BroadSoft faces increasing competition from larger technology companies such […]
Read more
Apple is getting closer to the $1 trillion mark. Shares of the iPhone maker hit another all-time high Wednesday. At $163.89, they are just $30 a share away from making Apple the first U.S. company to cross the $1 trillion threshold in terms of market capitalization. That would put Apple’s size slightly less than the […]
Read more
Technician Louise Yamada says there’s one chart showing that gold’s shining rally is far from over. Gold has surged 14 percent this year, and on Tuesday settled at an 11-month high of $1,318.90. This brought the precious metal decisively above the $1,300 level where it topped out several times before. Yamada’s chart of gold dating […]
Read moreUber’s new CEO will start on Tuesday next week, he told staffers on Wednesday, leaving his post as the CEO of Expedia. In an all-hands meeting with employees, Dara Khosrowshahi also said something that will be music to the ears of shareholders and retail investors looking to get in on the most valuable venture-backed company […]
Read more
It’s been a very sleepy week for Wall Street thus far, despite plenty of market-moving headlines. As of Wednesday afternoon, just over 13 billion shares had been traded for the week, on track to be the lowest weekly volume since last Christmas. Weekly US composite volume Source: FactSet Of course, seasonality is playing a big […]
Read moreThe New York Stock Exchange filed a proposal on Tuesday to delay the release of important company news immediately after official closing time to reduce investor confusion and market disruption. Publishing information after 4:00 p.m. can cause a company’s stock to trade in other markets at materially different prices than that of NYSE’s closing auction, […]
Read moreSenator Dianne Feinstein on Tuesday reminded her hometown of San Francisco how far women’s rights in the U.S. have come over the last 60 years. Speaking just blocks away from the headquarters of Uber, which has been plagued this year by complaints of sexual harassment, the senior Democratic senator from California told hundreds of supporters […]
Read more