Amazon may make a bigger move into physical stores this year, according to one analyst. Loup Ventures’ Gene Munster is predicting the internet e-commerce company will buy Target in 2018. “Amazon believes the future of retail is a mix of mostly online and some offline. Target is the ideal offline partner for Amazon for two […]
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Apple iPhone X volume expectations are still too high despite a recent correction in investor expectations, according to one Wall Street firm. CLSA warned clients on Tuesday that with fourth-quarter phone sales expectations lower and first-quarter 2018 numbers unlikely to improve, the market may still be too bullish on Apple shares. The company’s stock closed […]
Read moreApple is now replacing batteries on iPhone 6 smartphones or later models for $29. The company had announced last week that it planned to offer replacements in late January. In an updated statement, it said it is “happy to offer our customers the lower pricing right away,” according to Axios. Apple had charged $79 for […]
Read moreChinese consumer stocks should do “really well” in 2018, Jonathan Fenby, China chairman at TS Lombard, told CNBC on Tuesday. Fenby reasoned that this was due to the Chinese government’s policies. “If you believe in the politics, and I think we do now with Xi Jinping, it’s going to be the fallout from the attempt […]
Read moreNetflix’s lead in internet video streaming is unstoppable, according to one Wall Street firm. Macquarie Research raised its rating for Netflix shares to outperform from neutral, citing the success of the company’s original-content strategy. “Netflix is miles ahead in terms of programming hours, original content quality and time spent, and we don’t expect this to […]
Read morePresident Donald Trump has returned from an end-of-year holiday to face fresh legislative challenges, midterm elections, and threats abroad. The president began the second year of his presidency with confrontational tweets targeting Iran and Pakistan. He slammed Islamabad on Monday for “lies & deceit,” saying the country had played U.S. leaders for “fools,” by not […]
Read morePresident Donald Trump issued a strong statement of support for protesters in Iran as a crackdown intensified against anti-government demonstrations. Police have arrested more than 450 people and there have been at least 20 deaths. (WSJ & Reuters) Democrats in high-tax states are reportedly plotting to blunt the impact of the Republicans’ newly passed tax […]
Read moreIn keeping with a sharp pivot underway among Republicans, U.S. Representative Mark Meadows, speaking on CBS’ “Face the Nation,” drew a hard line on federal spending, which lawmakers are bracing to do battle over in January. When they return from the holidays on Wednesday, lawmakers will begin trying to pass a federal budget in a […]
Read moreBitcoin’s dominance of the cryptocurrency market is at its lowest level ever thanks to rising interest in alternative digital coins. On Tuesday, its market cap was $231.8 billion, or around 36.1 percent of the total value of all cryptocurrencies. This is the lowest share of the market that bitcoin has had in its history. Bitcoin’s […]
Read morePakistan summoned the U.S. ambassador in protest against U.S. President Donald Trump’s angry tweet about Pakistan’s “lies and deceit,” while Foreign Minister Khawaja Asif dismissed the outburst as a political stunt. David Hale was summoned by the Pakistan foreign office on Monday to explain Trump’s tweet, media said. A spokesperson for the U.S. Embassy in […]
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