Once upon a time (1999 and the years that followed), there was a company named OpenTable that told San Francisco restaurants a story. Customers wanted, they said, to search for a restaurant on the wondrous world of the Internet, then click a button to make a reservation. Sure, a restaurant could just build its own […]
Read moreGoogle announced on Wednesday a new $50 million initiative to study and prepare “for the changing nature of work,” beginning with investments in the U.S. and Europe to help train job seekers and improve the working conditions for those already employed. The commitment comes by way of Google.org, the search giant’s philanthropic organization. Its president, […]
Read moreSales at casual dining restaurants may be on the mend, but the sector’s upturn wasn’t enough for Outback Steakhouse owner Bloomin’ Brands. “We have seen some strengthening of casual dining sales trends over the past two quarters since a significant pullback of the industry in Q4 2016,” Elizabeth Smith, CEO of Bloomin’ Brands, said during […]
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The U.S. dollar index is hovering near its lowest level in more than a year, and according to one strategist we may have just witnessed a bottom. Paul Ciana, chief global technical strategist at Bank of America, says there are two charts of the dollar that show how grossly oversold it is. On CNBC’s “Futures […]
Read moreAs the “sharing economy” has expanded and morphed into a seeming catch-all term for companies that connect strangers through technology, equity investors may be able to cash in on the technology-driven trend. That’s according to an exhaustive recent report from Bank of America Merrill Lynch. The report concludes the sharing economy’s influence has blown up […]
Read moreFacebook will provide initial funding for a nonprofit organization that aims to help protect political parties, voting systems and information providers from hackers and propaganda attacks, the world’s largest social network said on Wednesday. The initiative, dubbed Defending Digital Democracy, is led by the former campaign chairs for Democrat Hillary Clinton and Republican Mitt Romney, […]
Read moreIn a blistering email to its resellers, Birkenstock CEO Dave Kahan slammed Amazon‘s new inventory buying program, calling it an “assault on decency.” The email, which was obtained by The Washington Post, shows Kahan calling Amazon’s latest act a “pathetic” attempt at creating a backchannel to sell products not currently approved for sold on its […]
Read moreCochlear said Wednesday it can now stream audio directly from Apple’s iPhone, iPad and iPod to the microchips in its hearing implants without having to use an additional device. Previously, Cochlear’s sound processors worked with mobile phones, but implant wearers had to connect the sound processor to an intermediate Bluetooth device – usually worn around […]
Read moreAfter a high-profile stumble with the Wii U, Nintendo is quickly regaining some of its glory with the Nintendo Switch. The Kyoto, Japan-based company sold 1.97 million of the new hybrid home/portable consoles in its fiscal second quarter (the three month period ended in June), bringing total life-to-date sales to 4.7 million units. The company […]
Read moreThe market will surge this year on tax reform, Wharton School finance professor Jeremy Siegel told CNBC on Wednesday. “If we get tax reform on the corporate side, which I still believe is an odds-on proposition this year … If we can get the corporate rate down to 20 percent, you can easily see another […]
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