AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official. The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures […]
Read moreAll signs point to the strongest holiday shopping season in years. There have been long lines at stores, record sales online, and the usual December lull — when shoppers typically disappear after Black Friday only to return in the final days before Christmas — hasn’t been as quiet. Retail consulting firm Customer Growth Partners raised […]
Read moreFacebook and Google’s dominance in online advertising continues to swell. New data suggests that the two tech giants accounted for 73% of all U.S. digital advertising, according to Pivotal’s Brian Wieser in a note to clients, up from 63% in the second quarter of 2015. That’s a significant leap and highlights why many see digital […]
Read moreAmazon has launched dozens of private label brands across apparel, electronics, and baby wipes in recent years. That effort is starting to show signs of growth. According to a new report by OneClickRetail, Amazon’s private label brands have generated roughly $450 million in sales in 2017. The majority of sales came from AmazonBasics, which sells […]
Read moreWhen Walmart paid $3 billion for Jet.com and its founder Marc Lore, the promise was that the entrepreneur would help the retailer appeal to new types of customers. Here’s the next step in that evolution. A new Walmart subsidiary, called Code Eight, has recently started testing a personal shopping service for “busy NYC moms,” according […]
Read moreWhen John Skipper made his unexpected announcement on Monday morning that he would be resigning from his post as President of ESPN, the speculation about who would succeed him began almost immediately. And why not? For 2.5 years now, the biggest overhang on Disney’s stock has been the narrative of “ESPN is dead” as it […]
Read moreThe current frenzy surrounding bitcoin feels familiar to billionaire entrepreneur Steve Case. Case lived the dot-com boom: He launched AOL in 1985, took it public in 1992 and merged the company with Time Warner in 2000 (the deal closed in 2001). Case delivered a 11,616% return to shareholders, according to his bio on the website […]
Read moreAfter a long search, Uber has finally named a chief operating officer. Barney Harford, former CEO of Orbitz, will join the company Jan. 2, Uber said on Wednesday. Harford has deep ties with Uber’s new CEO, Dara Khosrowshahi, who was previously the chief executive of Expedia. Harford has been an advisor to Uber since October, […]
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Citigroup strategists now see the S&P 500 ending 2018 a modest 4 percent above current levels without much more help from tax cuts. Tobias Levkovich, Citigroup’s chief U.S. equity strategist, had previously based his forecast on a corporate tax rate cut to 25 percent, but he has updated it because the tax bill that is […]
Read moreAmerica’s millionaires are growing more cautious on the stock market and think this year’s rally will fade in 2018, according to the CNBC Millionaire Survey. Millionaires are more cautious about the stock market than they’ve been in years, with more than a third saying the market will be flat to down next year. Generally, they’re […]
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