Apple’s iPhone X is not only pushing existing customers in China to adopt the new luxury phone, but is even causing people to switch away from different brands, according to Morgan Stanley. The combination of faster iPhone X adoption by Apple users and the increased switching rate is “accelerating” Apple’s market share in China, one […]
Read moreGamer outrage over Electronic Arts’ in-game moneymaking plans in its “Star Wars Battlefront II” title will hit the company’s bottom line, according to one Wall Street firm. Cowen reduced its price target and profit forecasts for Electronic Arts shares, predicting poor sales of the company’s “Star Wars” game. “We are lowering our FY18 estimates to […]
Read moreHotel group Marriott is set to project ads into the night sky using a new technology — but the public won’t be directly looking at them. Using a technique called persistence of vision, the ads will be seen for between a tenth and a quarter of a second, but only when the viewer moves his […]
Read moreWall Street’s first analyst to cover bitcoin never thought it would reach such a fever pitch. “It is clear that all of the enthusiasm around bitcoin earlier in the year has now morphed into a general craze, if you will, for all things crypto,” Nick Colas said Wednesday on CNBC’s “Trading Nation.” “I think of […]
Read moreFundstrat’s Tom Lee believes bitcoin is a legitimate investment for the younger generation. “I think as a store of value bitcoin makes a lot of sense,” Lee said on CNBC’s “Squawk Box” Thursday. “I think the advantage is bitcoin is uncorrelated to stocks, bonds and gold … It is actually good diversification.” The strategist said […]
Read moreCurrency, United States Finance
Catalonia’s separatist leader Carles Puigdemont looked likely to regain the leadership of Spain’s northeastern region after preliminary results showed secessionist parties taking a majority in regional elections. The results marked a serious rebuke to Spain’s central government and the European Union, likely prolonging a crisis that has hurt the Spanish economy and prompted many companies […]
Read moreCatalans are going to the polls Thursday with politicians assessing not only their parties’ chances of success but how to rebuild the divided and polarized region after the vote. The vote looks set to be roughly split between pro-independence and unionist parties, but is unlikely to settle Catalan’s independence question, according to Enea Desideri, an […]
Read moreA Philippine ferry with 251 people on board capsized during bad weather on Thursday off an island near the capital, Manila, a coastguard spokesman said, and media reported four people had been killed and 140 rescued. Coastguard boats and army helicopters headed to the vicinity of Polillo island, trying to take advantage of daylight, coastguard […]
Read moreInitial coin offerings (ICOs) may have been called a bubble and attracted regulatory scrutiny, but a crowdfunding site is hoping to improve things for legitimate start-ups. ICOs have become a popular way for cryptocurrency start-ups to raise money by issuing their own digital tokens in exchange for a virtual currency like ether or bitcoin. Investors […]
Read moreCurrency, United States Finance
European markets are set to open to mixed trade on Thursday after the U.S. Congress approved an overhaul of the U.S. tax code that will cut corporate tax rates. London’s FTSE is expected to open 9 points higher at 7,526, the German DAX up 20 points at 13,074 and the French CAC down 3 points […]
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