The Facebook-PayPal relationship keeps getting friendlier. The companies announced Tuesday that PayPal users can send invoices over Facebook Messenger, expanding a partnership announced last month that allowed Messenger users to link to their PayPal accounts for sending and receiving money. The agreement is moving from peer-to-peer payments to include the buying and selling of products […]
Read moreAs if Amazon hadn’t become a big enough part of our lives, the website is now increasingly the place people are going to find if they’re of African heritage or if their children are at risk for certain rare genetic conditions. DNA-testing companies that offer everything from ancestry information to tests for common inherited diseases […]
Read moreApple supplier Foxconn has been illegally employing students to work overtime in order to assemble the iPhone X, the Financial Times reported Tuesday. Six high school students told the Financial Times they would usually work 11-hour shifts to help assemble Apple’s flagship phone at a factory in Zhengzhou, China. The long working hours breach domestic […]
Read moreCheck out which companies are making headlines before the bell: Lowe’s – The home improvement retailer earned $1.05 per share for the third quarter, three cents a share above estimates. Revenue topped forecasts, and comparable-store sales were up 5.7 percent compared to the Thomson Reuters consensus of a 4.6 percent increase. Like rival Home Depot, […]
Read moreDollar Tree, the biggest U.S. dollar-store chain operator, on Tuesday reported third-quarter comparable store sales and profit that beat Wall Street estimates, helped by higher customer traffic and spending at its stores. Sales at stores open for more than a year rose 3.3 percent, above the 2.4 percent rise expected by analysts, while same-store sales […]
Read moreA cryptocurrency start-up that raised nearly $375,000 through an initial coin offering (ICO) has disappeared with the funds with nobody able to track the founders down. Confido billed itself as a company that is developing so-called “smart contracts” to act as an escrow between a buyer and seller during a transaction of some sort. Traditional […]
Read moreDallas Mavericks owner Mark Cuban believes Facebook and Alphabet’s Google unit will be “big losers” of the Department of Justice’s decision to sue to block the proposed merger between AT&T and Time Warner. In a tweet Monday, Cuban said, “Their media advertising, content and distribution dominance will be a defense at trial. That could create […]
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Chip stocks have been on fire this year, and one technician says the hottest name in the group is showing no signs of cooling off. Micron is the best-performing technology stock this year, up nearly 120 percent, and according to Rich Ross of Evercore ISI, the stock has could rally another 25 percent from current […]
Read moreTesla shareholders are in for a roller coaster ride next year, according to the most widely followed analyst covering the stock. Morgan Stanley reiterated its equal weight rating for electric car maker’s shares, predicting the stock will rise then fall in the coming year. “We expect Tesla shares to be extremely volatile in 2018, divided […]
Read moreA Los Angeles start-up called HopSkipDrive wants to give parents the convenience of ride-hailing and comfort of a trusted sitter whenever they need to get their kids around town. The company is one of a handful of transportation start-ups vying to become an “Uber for kids.” Some, like Shuddl, have failed in this mission in […]
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