Wall Street recorded slight declines amid lighter-than-usual trading ahead of Asia’s Wednesday trading day. Meanwhile, investors in the region await the release of industrial profit numbers out of China. U.S. stocks finished the Tuesday session lower following the long Christmas weekend. Retailers stateside notched gains, although losses were seen in the tech space. Apple stock […]
Read moreOne Apple shareholder says he’s more confident in the company than he was a year ago — except for one “huge failure”: Not shipping the HomePod in time for the holidays. Apple said in November that the $349 smart speaker, originally slated for December release, will now ship to the U.S., U.K. and Australia in […]
Read moreAs 2017 draws to a close, oil is rallying hard as OPEC supply cuts — combined with improving global demand — support the market. Next year, however, is a different story. We see two conflicting views for crude in the coming year that could weigh on oil prices. On Tuesday, WTI crude surged to its […]
Read moreIt’s been a pretty successful year for Alphabet, parent company of Google. The stock is up more than 34% this year, and its market cap has swelled to more than $736 billion, according to data from FactSet. Its biggest cash cow is still Google’s ads business by a long shot. But as Google’s business grew, […]
Read moreThe past few days have been dizzying for Apple investors. But one expert told CNBC on Tuesday that he’s keeping his focus on iPhone X sales in China. “Based on reports that we have seen, there definitely is a lot of concern on how the X will do,” said Hans Tung of GGV Capital, a […]
Read morePerhaps your college friend asked you to support her quarterly magazine for her birthday. Or maybe your neighbor nudged you to donate to his favorite food bank on “Giving Tuesday” the week after Thanksgiving. And then there’s that pesky public-health nonprofit you’ve been charitable to in the past. If you’ve gotten on Facebook at all […]
Read moreTesla CEO Elon Musk asked his 17.1 million Twitter followers for feedback Tuesday, saying he wants to know find out how the auto and power company “can improve further.” Musk unveiled the Tesla Semi and a second generation roadster in November, with the former receiving hundreds of reservations from companies like PepsiCo, WalMart and UPS. […]
Read moreAmazon has been quietly experimenting with various advertising products across its portfolio and off its website, according to interviews with half a dozen ad buyers and technology partners. And it’s getting ready to make waves in 2018. Most of the conversations are focusing on new ad opportunities on Amazon’s ecommerce search and video products, sources […]
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Oil prices surged to more than 2½-year highs Tuesday on reports that a pipeline explosion in Libya has disrupted a big chunk of the country’s crude supply. International benchmark Brent crude rose $1.50, or 2.3 percent, to $66.75, after hitting an intraday peak of $66.89, its highest level since May 2015. Meanwhile, U.S. West Texas […]
Read moreLooking for an indicator that Amazon’s Alexa is a beloved product? This holiday season, shoppers asked Alexa to order … more Alexa devices. The company said on Tuesday that it sold “tens of millions” of devices powered by its smart voice assistant. While there are scores of purchases that can be made using Alexa, the […]
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