For UnitedHealth Group the focus next year is more about getting ahead of potential competition from tech heavyweights such as Amazon and Apple than getting bogged down in the twists and turns of health reform in Washington. That was the underlying message from new CEO David Wichmann at the health-care company’s analyst day in New […]
Read moreFCC Chairman Ajit Pai thinks everyone from Cher to Twitter has it wrong when they say that his efforts to roll back the U.S. government’s existing net neutrality rules will spell the death of the web. Instead, Pai said during an event in Washington, D.C., on Tuesday that tech giants could pose the greatest threat […]
Read moreInvestors don’t appear to be concerned by the inability of Google and Facebook to keep illegal or unsavory content and ads off their services. Stock prices of both internet giants hit fresh intraday highs Tuesday, extending their 2017 bull runs. Google parent Alphabet shares touched $1,080 before falling back slightly, while Facebook traded as high […]
Read moreSportswear company Fanatics has carved out a lucrative slice of the $25 billion global sports licensing market. It has licensing rights with North America’s four major sports leagues (NFL, NBA, NHL, MLB), plus the PGA, Nascar and Major League Soccer. Their deals with the major leagues average around 15 years and they’ve take a fast […]
Read moreAmazon's Prime customers are spending more this holiday season, retailers scramble to keep up online
The key to Amazon‘s success appears to be its wealthier and more loyal customer base. Prime members are Amazon’s “golden jewel,” especially during the holiday shopping season, according to GBH Insights analyst Daniel Ives. Ives said he expects the internet giant will capture as much as 50 percent of all online sales from November through […]
Read moreNorth Korea fired a missile that was believed to have crashed into the waters off Japan, the Japanese prime minister’s office said early Wednesday local time (Tuesday afternoon ET). Prime Minister Shinzo Abe ordered an emergency meeting of Cabinet ministers after North Korea’s first ballistic missile launch since Sept. 15, when one flew over northern […]
Read moreArtificial intelligence, or self-learning software, is going to change the world and investors should position themselves to benefit from the trend, according to a top Wall Street firm. JPMorgan’s research team shared its top AI stock ideas in a note to clients Monday. “We are at a pivotal point for its adoption today due to […]
Read moreShares of Thor Industries soared over 13 percent in midday trading Tuesday after the RV builder reported robust earnings and upped its future expectations. Thor’s record EPS of $2.43 for first quarter 2018 crushed Wall Street’s expectations by 59 cents. The company’s stock is on track to have its best day since Aug. 3, 2012, […]
Read moreIt appears even international analysts are poking fun at Tesla’s Elon Musk. German bank Nord/LB initiated coverage on car-maker not only with a sell rating, but with quips making fun of the company’s top executive. “You have to ask yourself what will happen first: that Elon Musk will fly to Mars with SpaceX, or that […]
Read moreIt’s a big week for Amazon. Cyber Monday and the mass of online shoppers brought another record high in Amazon’s stock price, while in Las Vegas, the company’s cloud-computing business kicked off its annual re:Invent conference. Amazon’s 2017 rally lifted Jeff Bezos’s net worth passed $100 billion on Friday, and he now towers over Bill […]
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