China Thursday eased restrictions on foreign investment in sectors ranging from agriculture to banking, as Beijing and Washington continue to spar over a growing trade dispute. But the move is seen as only a small step that’s unlikely to resolve the wider Trump administration assault on what the White House has characterized as China’s “unfair” […]
Read moreAmazon’s acquisition of online pharmacy PillPack is a “shot across the bow” for retail pharmacy chains, said Anthony Chukumba, managing director of Loop Capital markets. On Wednesday, a day before Amazon announced the deal, Loop Capital raised its price target for Amazon to $1,900 from $1,800. Chukumba told CNBC’s Power Lunch on Thursday that PillPack […]
Read moreTwitter CEO Jack Dorsey announced some major executive restructuring at the social media network on Thursday, just as Ed Ho, its vice president of product and engineering, announced he would step down into a part-time position. Kayvon Beykpour, general manager of video and former Periscope CEO, will take over for Ho on the product end, […]
Read moreBusiness social network and recruiting tool LinkedIn is increasingly relying on technology from its parent company, Microsoft. On Thursday LinkedIn said it’s tapping a service running in Microsoft’s cloud data centers to translate the text of its users’ posts into different languages. The decision suggests that LinkedIn is becoming more integrated into Microsoft’s own systems, […]
Read moreAmazon’s PillPack acquisition on Thursday is more than just a sign of the e-commerce giant’s growing interest in the pharmaceutical market. It also underscores a more aggressive buying pattern. With the PillPack deal, which is reported to be worth around $1 billion, Amazon has spent almost $2 billion on acquisitions in the first six months […]
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Some of Wall Street’s most hated stocks are surging. Only one deserves any love, market watcher says
Call it a love-hate relationship. Investors have bet heavily this year that a number of stocks would fall, but in some cases, the exact opposite has happened, fueling some very large gains in those very same stocks. Advanced Micro Devices, Rent-a-Center, Shake Shack and Restoration Hardware — all stocks with high short interest – have […]
Read moreAhead of the U.S. elections in November 2018, Facebook and Twitter announced new programs to provide clarity over what ads are running on their platforms and who is buying them. Facebook announced it was expanding its View Ads program on Thursday. View Ads, which initially launched in Canada, allows users to see every live ad […]
Read moreWhen Microsoft agreed to acquire software developer platform GitHub for $7.5 billion in early July, Google Cloud CEO Diane Greene may have breathed a sigh of disappointment. “I wouldn’t have minded buying them,” she said on stage at a Fortune Magazine event Wednesday night in San Francisco. People familiar with the situationhad previously told CNBC […]
Read moreAmazon is getting into health care. The company’s Thursday announcement that it’s buying online pharmacy Pillpack puts any doubt to rest. The company hasn’t spoken much about its plans, as it’s still determining the scope through a series of brainstorming sessions with experts in the space, but its acquisitions, hiring trends and recent product development […]
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IT OFTEN arrives as you stroll from the kerb to your front door. An e-mail with a question: how many stars do you want to give your Uber driver? Rating systems like the ride-hailing firm’s are essential infrastructure in the world of digital commerce. Just about anything you might seek to buy online comes with […]
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