Britain’s interior minister Amber Rudd said on Tuesday a government report had concluded it was “conceivable” that security services could have prevented a suicide attack which killed 22 people at a pop concert in Manchester in May. Salman Abedi, a 22-year-old Briton born to Libyan parents, blew himself up at the end of a show […]
Read moreStarbucks could very well be cashless one day, but technology won’t replace our “humanity” in dealing with customers, Executive Chairman Howard Schultz told CNBC on Tuesday. Schultz, who stepped down as Starbucks CEO earlier this year, said he could see a future where the U.S. coffee chain becomes a “cashless retailer.” “That time is nearer […]
Read moreAt least 30 percent of the new vehicles Ford will roll out in China by 2025 will be electric, with Beijing pushing hard to improve air quality for people living in smoke-choked cities. The Detroit automaker said Tuesday that the 15 new electric vehicles, part of the 50 new vehicles it is introducing to China’s […]
Read moreShares of Bank of America rose 1 percent in Tuesday premarket trading after the bank announced it would be buying back an additional $5 billion worth of shares. The Board of Directors approved the additional repurchase, which will occur through June 2018. The company had previously announced plans to repurchase $12 billion in common stock […]
Read moreApple quietly began offering a new SIM-free unlocked model of the iPhone X last night. The new model was first spotted by 9to5Mac. Prior to Monday evening, customers had to choose a wireless carrier in the U.S., buying the phone with an AT&T, Sprint, T-Mobile or Verizon SIM. Now, customers can pay full price and […]
Read moreCheck out which companies are making headlines before the bell: AutoZone — The auto-parts retailer posted better-than-expected quarterly earnings and revenue, sending its stock nearly 7 percent higher in premarket trading. Same-store sales — a key metric for retailers — rose 2.3 percent in the quarter, also surpassing estimates. Toll Brothers — Toll Brothers reported […]
Read moreApple‘s delayed launch of the iPhone X hurt the iPhone market share around the world, research firm Kantar Worldpanel said on Tuesday. Apple launched the iPhone X in the beginning of November, instead of in September when it launched the iPhone 8 and iPhone 8 Plus. It’s this window that Kantar believes may have hurt […]
Read moreSnap shares traded nearly 6 percent higher in the premarket on Tuesday after Barclays said the social media company could hit a “turning point” next year. The investment bank upgraded Snap to overweight from equal weight and raised its price target to $18 a share from $11, implying a 32.7 percent upside from Monday’s close. […]
Read moreAmericans should be patient with President Donald Trump because he hasn’t been in the White House for very long, billionaire Alibaba founder Jack Ma told CNBC on Tuesday. “You may not agree with him,” said Ma, the executive chairman of the Chinese e-commerce behemoth. But he urged people to give Trump a chance. “You can […]
Read moreWhen the stock market soars to new altitudes, as it has this autumn, there’s usually uneasiness among many investors about a potential drop or correction, promoting concerns about portfolio volatility. The age-old diversification strategy of reducing risk by moving more into bonds won’t work so well in a rising interest rate environment, as this may […]
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