The likelihood of a potential competing offer by Comcast for Twenty-First Century Fox‘s movie studio and other assets has diminished, CNBC’s David Faber reported Wednesday. That’s because Comcast, the parent of CNBC, is expected to raise its bid for Sky, the U.K. media company partly owned by Fox, which has recently boosted its own bid […]
Read moreApple could roll out face recognition for iPad, bigger smart watches and a long-awaited update for the Mac mini later this year, top Apple analyst Ming-Chi Kuo predicts according to the tech news site 9to5 Mac. Apple’s upcoming offerings could also include new versions of the iPhone and other Mac models like the iMac and […]
Read moreSean O’Hara, president of Pacer ETFs Distributors, says chipmaking companies are the future of the technology sector over giants like Facebook and Google. “We’re entering that Jetsons-like phase of the world where everything’s connected and the internet of things is potentially a far bigger opportunity for the chipmakers than the cellphone or devices have been,” […]
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Sonos, the maker of wireless and voice-recognition speakers, may seem to a casual observer to be in the prime position to ride the surging smart speaker trend. But the Sonos’ initial public offering document revealed a critical flaw in its business model, which subjects it to Amazon’s whims on what the internet giant decides to […]
Read moreCostco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David […]
Read moreAmazon boss Jeff Bezos is now $50 billion richer than any other person alive. Bezos is currently worth $143.3 billion, according to Forbes, which is just over $50 billion more than the next richest person alive, Microsoft co-founder Bill Gates, who is currently worth over $93 billion. In the context of other billionaires, that $50 […]
Read moreDespite payment company Square‘s recent moves with bitcoin, the growth of its mobile payment app has been immune to the cryptocurrency’s price nosedive, according to Nomura Instinet. Square Cash, which officially launched crypto trading in late January, has been able to “decouple” from bitcoin and is growing roughly three times faster than Paypal’s Venmo, with […]
Read moreShares of Papa John’s cratered on Wednesday after a report surfaced alleging that founder John Schnatter used a racially charged slur during a conference call in May. According to a report by Forbes, Schnatter was on a call with marketing agency Laundry Service when he tried to downplay comments he made about the National Football […]
Read moreRestoration Hardware, Williams-Sonoma and other U.S. furniture manufacturers that import sofas, tables and other goods from China could take a hit in the Trump administration’s latest round of tariffs released Tuesday, according to Goldman Sachs. The White House on Tuesday released a list of tariffs on $200 billion in imports that could hit U.S. manufacturers […]
Read moreNetflix will dominate the online video subscription market for the next decade due to the strength of its original content, according to Credit Suisse. The firm’s analyst assumed coverage on Netflix shares with an outperform rating, citing unparalleled size of its membership base. “The first U.S. premium pay service, HBO, has never seen its clear […]
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