As trade negotiators prepare to meet in Mexico this week, Wall Street is increasingly worried the 23-year-old NAFTA trade deal could fall apart, creating the potential for new trade clashes in North America and around the globe. Analysts say tough “America first” trade talk from President Donald Trump in Vietnam last week raised new concerns […]
Read moreThe retail stock carnage will only get worse as Amazon continues to mow down certain corners of the sector, according to Bernstein. “We are currently in the midst of a generational shift in consumer behavior and how companies bring their goods to market,” the firm’s analyst Ali Dibadj wrote in a note to clients Friday. […]
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Investors who want to bet against bitcoin‘s massive price gains can likely do so beginning in mid-December, according to the head of the world’s largest futures exchange. “When can you be able to short this product, I think sometime in the second week in December you’ll see our contract out for listing,” Terry Duffy, chairman […]
Read moreThe Missouri attorney general’s office is investigating whether Google has run afoul of consumer protection or antitrust laws in the state. Attorney General Josh Hawley’s office said on Monday that it issued a subpoena to investigate if Google’s use of information that it collects about consumers is appropriate and if the company stifles competing websites […]
Read moreUber’s board may have reached a deal to allow Softbank to invest up to ten billion dollars in the company, but Softbank says its investment is “by no means decided.” In a statement to CNBC, Rajeev Misra, CEO of Softbank Investment Advisors and a Board Director of Softbank Group, said, “After a long and arduous […]
Read moreBill Gates says he’s giving $50 million to help fight Alzheimer’s disease. The Microsoft co-founder said Monday that the donation to the Dementia Discovery Fund is personal and not through his charitable foundation. The London-based private fund is backed by government, charities and pharmaceutical firms and seeks new treatments for the progressive, irreversible neurological disease. […]
Read moreAmazon Web Services is gearing up to launch more services targeted at the hot topic of artificial intelligence at its re:Invent conference in Las Vegas later this month, according to a new report. AWS will introduce a service called Ironman that’s meant to simplify AI tasks involving lots of different kinds of data, The Information […]
Read moreVenture capital continues to flow into the burgeoning satellite industry. Loft Orbital is the latest entrant, offering a “rideshare service” of buying satellites and then leasing space onboard to multiple customers. The company announced Monday it raised $3.2 million in a recent seed funding round led by Uncork Capital. “We want to make the experience […]
Read moreApple will reportedly launch three new iPhones in 2018, including a brand new high-end flagship called the iPhone X Plus with a large 6.5-inch display, according to a note from KGI Securities analyst Ming-Chi Kuo obtained by MacRumors. That would be the largest display Apple has ever included in an iPhone. By comparison, the current […]
Read moreInvestors should not overlook Intel’s artificial intelligence prowess, according to one Wall Street firm. Barclays reiterated its overweight rating and raised its price target for Intel shares, predicting the chipmaker will thrive in multiple secular growth markets. The company’s shares are roughly flat midday Monday after the report. “Intel has a better position in the […]
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