Some Amazon sellers could soon get calls from Massachusetts state officials asking for unpaid sales taxes. On Tuesday, Amazon notified its marketplace sellers that the company has agreed to hand over important merchant information to the state of Massachusetts — including their federal tax ID numbers and the estimated value of inventory stored in Amazon’s […]
Read morePlayer interest in Activision Blizzard’s “Destiny 2” is dropping, which will hurt the game publisher’s add-on revenue this year, one Wall Street firm predicts. Cowen reiterated its market perform rating for Activision Blizzard shares, citing increasing evidence players are leaving the “Destiny” community. “While Call of Duty: WWII clearly had a great holiday, which likely […]
Read moreA report projecting weak iPhone X orders temporarily trimmed some of Apple’s stock growth on Tuesday. J.P. Morgan analyst Narci Chang wrote in a research note that “high-end smartphones are clearly hitting a plateau this year.” The note went on to predict that manufacturing of the iPhone X — the latest flagship phone — might […]
Read moreFacebook has hired a former IBM executive to be its head of artificial intelligence as it aims to expand its efforts in that area. The personnel changes come as Amazon, Google and Microsoft also staff up in AI. Jérôme Pesenti, who led the development of the Watson platform at IBM after IBM acquired a company […]
Read moreCoinList CEO Andy Bromberg on CNBC Tuesday cautioned investors to be careful of fraud when buying into initial coin offerings. “The vast majority of ICOs are scams or people seeking to raise money easily,” said Bromberg, whose company is a platform that helps crypto start-ups find investors. ICOs are a crowdfunding way to raise funds […]
Read moreAmericans could see the price of new washing machines soar in the next year thanks to President Donald Trump’s new tariffs on appliance imports, according to Goldman Sachs. The bank is now forecasting an 8 percent to 20 percent increase in the price of a new washing machine in the next year, depending on how […]
Read moreDisney announced Tuesday it will pay over 125,000 employees a one-time cash bonus of $1,000, as well as make a new $50 million investment into education program for employees. “We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this […]
Read moreThe Xprize Foundation announced Tuesday its Google-sponsored race to win $20 million by landing on the moon will end with no victors. The foundation says it expected “a winner by now” but remaining fundraising, technical and regulatory hurdles mean the Lunar Xprize “will go unclaimed.” “We are extraordinarily grateful to Google for enabling this 10-year […]
Read moreJohnson & Johnson shares slipped Tuesday after the company clarified its forecast for the year might not have been as high as some had hoped. In a press release announcing fourth-quarter earnings, the company projected full-year sales of $80.6 billion to $81.4 billion, or 3.5 percent to 4.5 percent of operational growth. The figure topped […]
Read moreThe global economic growth story that has garnered so much attention in investing circles these days will be the big driver in the commodities and bond markets, according to a five-star bond manager at DoubleLine Capital. “You’re talking about a synchronized global growth story, which portends higher rates,” Jeffrey Sherman, the chief operating officer at […]
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