Amazon is competing with drugstores where it’s known to win: price. The e-commerce giant quietly launched a line of private label over-the counter drugs in August. Called Basic Care, the product line includes about 60 products ranging from ibuprofen to hair regrowth treatment. The products are produced by Perrigo, but serve as Amazon’s store brand. […]
Read moreCurrency, United States Finance
While China slaps tariffs on the US, it's also championing free trade in Africa
Despite China’s rocky trade relationship with the U.S. dominating headlines, it has also just seen the opening of a strategic free trade zone it has built in East Africa. Djibouti, a tiny state located on the Horn of Africa, on Thursday opened the first phase of its Chinese-built International Free Trade Zone. The project, scheduled […]
Read moreSpeaker giant Sonos has filed to go public. The company plans to list shares on the Nasdaq under the ticker symbol “SONO,” according to filings. The company didn’t specify how many shares would be up for sale or list an estimated offering price. Sonos markets its high-end speakers to audiophiles and music-nuts as the speaker […]
Read moreSteven Cohen is having a tough time getting U.K. financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let Cohen open the fund to U.K. investors, according to a report in the FT, citing […]
Read moreTrade tensions between the U.S. and China escalated Friday after months of threats over billions of dollars of tariffs. While products from soybeans to cars will likely get wrapped up in the spat, a key technology could actually be one of the main drivers behind why the world’s largest economies have started a trade war. […]
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Now, when your iPhone is connected to Wi-Fi, is being charged and is locked, it’ll save an exact replica of your current phone to the cloud. That means, if you happen to lose your iPhone and get a new one, you’ll only have to log in and select one of your backups to get right […]
Read moreKey California lawmakers said Thursday they’ve reached an agreement on legislation to enshrine net neutrality provisions in state law after the Federal Communications Commission dumped rules requiring an equal playing field on the internet. California’s bill is one of the nation’s most aggressive efforts to continue net neutrality, and the deal comes after a bitter […]
Read moreBiogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 15 percent Friday morning, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer’s disease. The stock move added $9.5 […]
Read moreCheck out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades […]
Read moreJune hiring is expected to be strong, but markets may find some relief if the Friday employment report contains a softer jobs number and squishy wage growth. The reason is the so-called yield curve has been quietly worrying the market, raising concerns that the Fed is moving too fast and the economy will not be […]
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