Former Fortress hedge fund manager Michael Novogratz told a conference Tuesday that the digital currency market will be a wild roller coaster ride full of froth and shady behavior. “I think this [crypto] is going to be the biggest bubble of our lifetimes by a longshot,” he said at the CoinDesk Consensus: Invest conference in […]
Read moreAmazon‘s Echo Dot was the top-selling product on Amazon.com over the holiday weekend, the company revealed Tuesday morning. Earlier this year, the mini Alexa-enabled device also outsold all other products on Amazon’s Prime Day, which was the internet giant’s most successful Prime Day to date. “Customers purchased millions of Amazon’s Alexa-enabled devices this weekend, and […]
Read moreConsumer optimism ripped higher in November, building on historic highs set in the previous month. The Conference Board’s measure of consumer confidence rose to 129.5, the highest mark since the index hit 132.6 in November 2000. Economists polled by Reuters anticipated a decline to 124, after October registered 126.2. “Consumer confidence increased for a fifth […]
Read moreAmazon said Time Warner‘s broadcast unit Turner had signed up for its Amazon Web Services, a notable contract win for the Seattle tech company as competition within the fast-growing cloud computing market intensifies. As part of the deal, Turner, the company behind CNN, TNT and several other cable channels, will be migrating “decades of content” […]
Read moreBroadcom is finalizing candidates for a full slate of candidates to join Qualcomm‘s board, sources told CNBC. The deadline to nominate is December 8. Qualcomm has 11 directors right now, and Broadcom’s nominee list to replace them could come out next week, the sources said. Broadcom is keeping its options open after Qualcomm rejected its […]
Read moreWeWork has made its name — and collected billions of dollars from investors — by providing places for people to work. Now, it is buying a social network meant to bring people together in their off time. WeWork plans to announce on Tuesday that it has bought Meetup, whose 35 million members use the service […]
Read moreMorgan Stanley predicts 2018 will be 'tricky' one for global economies; says sell US corporate bonds
Investors will have to be careful next year as potential stalling economies in the U.S. and China, along with rising global inflation and tighter monetary policy, could make for a “tricky” 2018, according to Morgan Stanley. Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said in a note Sunday he expects U.S. economic growth to […]
Read moreThe S&P CoreLogic Case-Shiller home price index rose more than expected in September in a continuation of this year’s momentum. National home prices continued to rise in September, reporting a 6.2 percent annual gain on the S&P’s most broad indicator. This was better than the 6.1 percent increase expected by economists polled by Reuters. “Most […]
Read moreRemember life before the internet? No smartphones, no video streaming, no social media, no online shopping … If you are nostalgic for that world, just check out the MSCI EAFE Index. One of the oldest non-U.S. equity market measurements around, it covers developed economies in Europe, Asia and the Far East. The fourth-largest ETF in […]
Read moreAmazon shares will soar in the next year thanks to its rapid pace of innovation and increased price flexibility, according to Goldman Sachs. Goldman expects big things from the e-commerce giant at its annual re:Invent conference this week, where analyst Heath Terry sees a number of product announcements. Terry reiterated his buy rating and increased […]
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