Apple iPhone X sales are solid despite recent negative media reports to the contrary, according to one Wall Street firm. Rosenblatt Securities reiterated its buy rating and $180 price target on Apple shares, predicting solid iPhone X sales for the December quarter. Apple shares declined 2.5 percent Tuesday, a day after Taiwan’s Economic Daily reported […]
Read more
Bitcoin rallied Tuesday, recovering from a sharp sell-off late last week. The digital currency briefly climbed more than 12.5 percent to above $16,100 late Tuesday morning, according to Coinbase, the leading U.S. platform for trading major digital currencies. With Tuesday’s gains, bitcoin has now recovered more than 50 percent from a low of $10,400 hit […]
Read moreThe weeks before Christmas may be prime time for America’s physical retailers, but now that everybody’s unwrapped their new gadgets, it’s time to load them up with apps. Third-party data from Sensor Tower found that spending on apps over Christmas weekend 2016 grew 52 percent from the previous year. But New Year’s Day, not Christmas, […]
Read moreIt can be tough for small businesses to compete with the online retail giants of the world like Amazon. But when the two team up together, it can be a win for both parties. Amazon says that more than half of the items it sells online actually come from small businesses. A big driver of […]
Read morePresident Donald Trump‘s signing of a major tax overhaul bill will distort the so-called Santa Claus rally, closely followed trader Art Cashin told CNBC on Tuesday. Stocks opened lower Tuesday, four days after Trump signed the Republicans’ tax bill into law, which included lowering the corporate tax rate to 21 percent from 35 percent. The […]
Read moreThis post originally appeared on Medium and is republished here with permission. Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change everything. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain — besides currency speculation […]
Read moreGreenlight Capital’s David Einhorn, who is known for his prescient short bets against stocks like Lehman Brothers, shared the top reasons for his stellar hedge fund career. The billionaire hedge fund manager was asked what he believed is most important factor for his investing success during an Oxford Union event last month. “If I had […]
Read moreFed up with overpriced university meal plans, Frankie Celenza decided to use his dorm — then later a shared loft in New York City — as a test kitchen. Years later, he’s still teaching hungry young adults how to feed themselves on a budget. His Facebook series “Struggle Meals” shows viewers how to create $2 […]
Read moreIt’s just the day after Christmas, but Amazon is already boasting about a successful holiday season, calling 2017 the “biggest” ever. The e-commerce giant said Tuesday morning that customers were shopping on its website at “record levels” throughout November and December, and over the course of one week, more than 4 million people became Prime […]
Read moreU.S. stocks opened mostly lower Tuesday, the first trading day of the holiday-shortened week. Apple shares fell more than 2 percent in the open following a report from Taiwan’s Economic Daily, citing unidentified sources, that Apple will cut its sales forecast for the iPhone X by 40 percent in the quarter to 30 million units. […]
Read more