Here’s a bright and booming sector within retail. Off-price retailers — TJ Maxx owner TJX, Ross Stores and Burlington — are expected to see incremental sales growth of $18 billion to $19 billion by 2021, according to JPMorgan. And that boost will primarily stem from the demise of department store chains, analyst Matthew Boss wrote […]
Read moreInstagram said Monday that it’s added another 100 million monthly users. That brings the photo-sharing app to 800 million monthly active users, up from 700 million in April, according to Carolyn Everson, vice president of global marketing solutions at Facebook, who spoke at an Advertising Week event in New York City. Five hundred million of […]
Read moreGeneral Motors‘ strong competitive position in autonomous vehicle (AV) technology is widely underestimated by investors, according to a Wall Street firm. Deutsche Bank raised its rating for the automaker’s shares to buy from hold, saying the company will attain a large market share of the new AV market. “GM’s AV’s will be ready for commercial […]
Read moreIt could be said that the underlying winner of Germany’s election Sunday was ultimately the Alternative for Germany (AfD) party, which saw the largest increase in voter share of all of the country’s main political parties. In fact, while the anti-immigrant, anti-euro party saw a 7.9 percentage point increase from the last election in 2013 […]
Read moreA cyberattack at Deloitte, one of the “big four” accounting firms, may have revealed confidential client information, according to a statement from the firm. The company believes hackers gained access through Deloitte’s email server. Deloitte is still investigating the incident, but said in a statement to CNBC that the review of the email platform is […]
Read moreBerliners voted to keep the historic Tegel airport open even after a new international hub is completed, creating a headache for the German capital’s government, which wanted it closed. Tegel sprang up in just 90 days in 1948 to support the Berlin Airlift, a huge operation to ship supplies and thwart a Cold War Soviet […]
Read moreT-Mobile and Sprint are entering due diligence in a stock-for-stock deal that is expected to make Deutsche Telekom the controlling owner, sources tell CNBC’s David Faber. The stock exchange ratio is expected to be at market, the sources said. The companies are hoping to reach an agreement by the third week of October. Faber said […]
Read moreThe European Central Bank is becoming more confident that inflation will rise back to its target but the euro zone still requires substantial stimulus, ECB President Mario Draghi said on Monday. The medium term outlook is also clouded by uncertainty, including from the recent volatility in the euro’s exchange rate, Draghi told the European Parliament’s […]
Read moreShares in meal kit delivery service Blue Apron rose 3 percent Monday after an upgraded ‘buy’ rating from Guggenheim. Blue Apron leads the meal kit delivery service sector, which the rating firm estimates will grow at a rate of 25 percent to $10 billion in the next 3 years, according to a note released Monday. […]
Read moreMicrosoft on Monday announced updates to its Azure public cloud that make it a more formidable challenger to market leader Amazon Web Services. Microsoft unveiled a piece of hardware full of hard drives that companies can fill up with data before sending it off to Microsoft data centers. Companies would use this service for sending […]
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