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 […]
Read moreA U.S. judge on Tuesday said Uber “withheld evidence from me” and granted a request from Alphabet‘s Waymo self-driving car unit to delay a trade secrets trial that had been scheduled to begin next week. The delay centers around a letter from a former Uber security analyst to an Uber lawyer. The former employee reportedly […]
Read moreThe world’s largest bitcoin exchange by trading volume is launching in the U.S. BitFlyer, based in Tokyo, announced Tuesday it became the fourth digital currency exchange to receive a “BitLicense” to operate in New York. The exchange said it also has licenses to operate in 40 other states. Coinbase, Circle and Ripple are the three […]
Read moreJerome Powell, picked by President Donald Trump to lead the Federal Reserve, said Tuesday that he favors “tailoring” regulations to alleviate the burden on smaller banks. Speaking before the Senate Banking Committee during his confirmation hearing, Powell mentioned several areas that he’d like to see addressed when it comes to the rules that banks operate […]
Read moreCyber Monday 2017 is going down in the history books. Digital transactions on Monday reached a record $6.59 billion, Adobe Insights unveiled Tuesday in its final update on the holiday weekend. That marks a 16.8 percent increase from a year ago and makes Monday the largest online shopping day in U.S. history. Mobile also had […]
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