Stitch Fix is in the middle of a two-day rally, gaining 20 percent and $490 million in market cap since Tuesday’s close at its peak. Shares of the clothing subscription box company rose as much as 10 percent Friday after jumping 9 percent Thursday. The stock hit a fresh all-time intraday high of $31.69 during […]
Read moreHealth care is notoriously complicated. But it’s also a mega-market rife with waste and inefficiencies. That makes it hard for big tech companies to ignore. In the past five years, Apple, Amazon, Alphabet, Microsoft and Salesforce have all made big moves into the sector, as evidenced by a string of recent hires, product announcements, and […]
Read moreNetflix could see its rapid growth stall if interest rates continue to rise, according to RBC Capital Markets Lead Internet Analyst Mark Mahaney. The video streaming company often funds its original content by taking on debt. That strategy may have worked so far, but “a rapid escalation in interest rates would reduce their ability to […]
Read moreBillionaire hedge fund founder Ray Dalio says artificial intelligence and automation are improving productivity but also causing such a dramatic wealth gap that “a national emergency should be declared.” The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in a Facebook post on Thursday. Dalio says he was responding to a question […]
Read moreAmazon 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 […]
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