Walgreens Boots Alliance shares sank to a 52-week low Thursday as investors dug into the company’s third-quarter earnings results and Amazon announced a potentially disruptive deal. Shares cratered more than 10 percent in morning trading, at one point hitting a 52-week low of $59.33. Walgreens shares are now down more than 22 percent over the […]
Read moreA summit between Russian President Vladimir Putin and U.S. President Donald Trump will hold a summit on July 16 in Helsinki, the Kremlin and the White House said on Thursday, firming up the place and date for a meeting that had already been agreed on. “The two leaders will discuss relations between the United States […]
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Finding a pair of jeans that fit perfectly can be hard. LikeAGlove is trying to change that. The Israeli start-up created a pair of smart shorts that use sensors to take exact measurements of your waist and hips. After the data is synced with the app, a catalog pops up with listings from 15 major […]
Read moreAmazon‘s Prime Day is likely right around the corner, and that means the company will be pushing its own in-house brands with time-sensitive deals and deep discounts. This year, the e-commerce giant has much more to offer, according to a new report from One Click Retail. Amazon hasn’t announced the day of its annual shopping […]
Read moreCheck out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens – the newest Dow component – reported adjusted quarterly profit of $1.53 per share, 5 cents a share above estimates. Revenue beat estimates, as well, and the drugstore operator also authorized a $10 billion share repurchase program and raised its quarterly […]
Read moreConfused yet? Stocks have been a mess this week. The S&P 500 is up only 1.6 percent so far this year, its worst first half showing since 2015. Sectors that were market leaders through most of the quarter — small caps, FAANG stocks, semiconductors — have weakened as the quarter is closing. While trade issues […]
Read moreThe ceremonial groundbreaking for a massive $10 billion Foxconn factory complex in Wisconsin was supposed to be evidence that the manufacturing revival fueled by President Donald Trump’s “America First” policy is well underway. But an announcement this week by Harley-Davidson that it is moving some production of motorcycles overseas to avoid tariffs is fueling unease […]
Read moreHealth care start-up Babylon Health has said that its artificial intelligence (AI) is able to diagnose medical conditions as accurately as a doctor, but physicians have called the claims “dubious.” Babylon has created a chatbot that lets you talk with an AI that can interpret symptoms and tell a person what the problem is. It […]
Read moreA federal court in Dallas on Wednesday halved the $500 million verdict that a jury ordered Facebook, its virtual reality unit Oculus, and others to pay ZeniMax Media, a video game publisher that alleged Oculus stole its technology. U.S. District Judge Ed Kinkeade also turned down ZeniMax’s request for a ban on the sale or […]
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It’s a big bust in the big bank space. Financials just extended their losing streak into a 13th straight session, a record for the sector. The XLF financial ETF‘s sell-off has caused major technical damage to the charts, according to Matt Maley, equity strategist at Miller Tabak. “Look at that XLF, it’s broken some key […]
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