Amazon is planning new Whole Foods benefits for its Prime members, sources told CNBC. The new perks will bring the might of Amazon’s membership program to the grocery industry, folding Whole Foods into a network other grocers will struggle to compete with. It will give Amazon vendors, many of which are niche and small, special […]
Read moreIn the midst of an effort to transform from a stodgy hardware business to more of a software company, Cisco has just lost one of its top executives spurring the transition. Cisco said on Tuesday said that Rowan Trollope, senior vice president and head of the emerging Internet of Things division, is leaving to become […]
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SOME years ago, when Gulliver was a wide-eyed reporter on his first business trip, he sidled up to a bureau de change in London’s Heathrow Airport to buy some foreign currency. His nervous excitement quickly turned to dismay when the teller gouged 12% from the transaction, justifying the theft by tapping on a display-screen of […]
Read moreAfter years of costly layoffs and plant closings, things are looking up for the heavy-machinery giant Caterpillar, which forecasts solid global sales growth and increased demand this year. Yet despite the corporate investment incentives at the center of President Trump’s tax overhaul, the company’s executives have no plans to supercharge investment or expansion. Caterpillar’s plans […]
Read morePresident Donald Trump said Tuesday that the time and place of a critical summit with North Korea‘s Kim Jong Un could be announced in the coming days. The president did not give any more details on the meeting, during which he will try to craft a path toward the dictatorship giving up its nuclear and […]
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INTEREST rates are heading higher and that is likely to put financial markets under strain. Investors and regulators would both dearly love to know where the next crisis will come from. What is the most likely culprit? Financial crises tend to involve one or more of these three ingredients: excessive borrowing, concentrated bets, and a […]
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BUSINESS school graduates do not all want to work in investment banking these days. The industry does not have the same kind of cachet it did before Lehman Brothers went bust. Still, 31% of those who left Harvard Business School last year went into financial services. That made it easily the most popular sector, as […]
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As Wall Street braces for Apple earnings after the bell Tuesday, some already foresee downside risk for its stock. The problem, says one technician, is that the charts are telegraphing mixed signals. “Anytime I have mixed readings we’d rather side cautiously,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Monday. […]
Read moreHome prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market. Prices surged 7 percent higher in March compared with a year ago, according to CoreLogic. That is the biggest gain since May 2014. All 50 states saw […]
Read moreThe stock market isn’t even lower on trade concerns because investors hope President Donald Trump gets lucky on China, CNBC Jim Cramer said Tuesday. “We’re in suspended animation here,” Cramer said on “Squawk on the Street,” adding investors are finding it difficult to commit capital to stocks such as industrials without knowing the conclusion of […]
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