Amazon’s robust holiday sales bode well for a fourth-quarter beat and show the e-commerce giant’s “significant momentum” heading into 2018, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Amazon shares, citing the growing success of the company’s Prime membership platform. “Our surveys continue to indicate that Prime membership remains […]
Read moreHuawei Technologies, the world’s third-largest smartphone maker, said on Wednesday that Chinese police are conducting an investigation, after the China sales head of its smartphone unit was detained on suspicion of accepting bribes. Huawei, which in recent years has overtaken Apple and others to take the top share of China’s smartphone market but is now […]
Read moreCheck out which companies are making headlines before the bell: Apple – Apple faces multiple lawsuits in federal courts over its admission that it adjusts power in older phones to prevent possible shutdowns. The suits claim Apple defrauded iPhone users by slowing down their devices without warning. Harley-Davidson – Harley is expanding its “Riding Academy” […]
Read moreTesla’s Model 3 deliveries will disappoint again, according to one Wall Street firm. KeyBanc Capital Markets reiterated its sector weight rating for Tesla shares, predicting the electric car maker will report weaker than expected Model 3 financial results. “We estimate Tesla will announce delivery of [about 5,000] Model 3s in 4Q sometime early next week, […]
Read moreThere are dangers lurking in the cryptocurrency market that could burn a lot of investors, according to Michael Dudas, a veteran gold analyst. Dudas, a partner at Vertical Research, refers to the emerging asset class as a “dicey investment” — citing the amount of fast money flowing into the space and the lack of regulation. […]
Read moreSouth Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation’s president earlier this year. They made their demand in the Seoul High Court which is hearing an appeal by Lee against a five-year jail term […]
Read moreWill 2018 be a more “normal” year? 2017 was a year of surprises, but for 2018, not surprisingly, things are expected to be more, well, normal. Which is why you should be suspicious. It’s true — by almost all measures, 2017 was one of the most extraordinary years in the history of the stock market. […]
Read moreSocial media is causing people to be “cocooned in information” that reinforces their biases, former U.S. President Barack Obama said in an interview released on Wednesday. Obama was interviewed by Prince Harry of the U.K. royal family on the BBC’s Today Program. In the interview, Obama said that in the past there were a handful […]
Read moreAt Christmas, it’s common for toys, gift cards and socks to be traditional stocking fillers — but how about company stocks? This holiday season, rap star Kanye West gave wife and entrepreneur, Kim Kardashian, stocks from major U.S. corporations, including Netflix, Amazon and Apple. “So for one of my Christmas presents from Kanye, he gives […]
Read moreApple defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. The tweak may have led iPhone owners to misguided attempts to resolve issues over the last year, the […]
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