A potential pot crackdown by Washington hit high-flying cannabis stocks late this week, and some traders are betting that one hot name is about to cool off even more. On Thursday, Attorney General Jeff Sessions announced that federal prosecutors will now be able to decide how to proceed when state legalization rules clash with federal […]
Read moreAmazon announced new tools on Friday that will allow gadget-makers to include the smart voice assistant in a whole array of new products. Alexa is Amazon‘s smart voice assistant and it has slowly made its way from the Amazon Echo into third-party speakers, refrigerators and, soon, even microwaves. Now, with Amazon’s Alexa Mobile Accessory Kit, […]
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Cisco Systems rose more than 1 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral and raised his price target to $46 from $37. The new target is 18 percent […]
Read moreThe disappointing retail number in the Labor Department’s monthly nonfarm payrolls report shows Amazon‘s grip on the sector is “accelerating,” CNBC’s Jim Cramer said Friday. The Labor Department reported an unexpected loss of 20,000 retail positions during the holiday shopping season, bringing the number of jobs shed in the sector last year to nearly 70,000. […]
Read moreSpotify’s top content executive is leaving, just ahead of the streaming music company’s planned public offering. Stefan Blom, Spotify’s chief content officer, announced his departure via an internal memo today. The company hasn’t named a successor to Blom, who reported to CEO Daniel Ek. Blom’s departure comes after Spotify has filed confidential plans to go […]
Read moreCable and satellite TV providers are ringing in the new year with an unwelcomed gift: higher cable bills. Comcast, for instance, says customer bills will rise 2.2 percent, on average, in 2018. AT&T is raising DirecTV’s prices by up to $8 a month in mid-January. Smaller providers are planning increases, too. Over the past decade, […]
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THE strength of the global economy is one reason why the stockmarket has started 2018 in a buoyant mood (with the Dow passing 25,000). At some point, in any expansion, businesses find it harder to recruit workers or get the materials they need; these bottlenecks cause wages and prices to rise. Central banks then start […]
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Playing in the same niche as Calm, Headspace offers guided meditation sessions and mindfulness training. Its co-founder, Andy Puddicombe (pictured here leading a meditation class), has become a minor meditation celebrity: He is the author of multiple books under the Headspace brand, a Ted talker and even led the Tonight Show‘s band The Roots through […]
Read moreAngola, OPEC producer and one of sub-Saharan Africa’s largest economies, unveiled two economic overhauls this week. Central bank Governor Jose Massano and Finance Minister Archer Mangueira announced Wednesday that the country was to scrap its currency peg to the U.S. dollar, and instead allow the Angolan kwanza to trade within a band against the U.S. […]
Read moreIt will be another great year for Amazon shareholders, according to one Wall Street firm. Citi Research reiterated its buy rating for the internet giant’s shares, predicting Amazon will generate strong growth. “We remain bullish on the consumer Internet sector, especially near term considering that a positive, tax reform fueled, business climate should benefit the […]
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