I found a way to take my Amazon Echo Dot wherever I go. Even better, the solution improves the speaker quality dramatically, making the Echo Dot on a par with the far more expensive Amazon Echo. First, some back story. I’d been looking for a new gadget that allowed me to take an Amazon Echo […]
Read moreA top Wall Street firm predicts Goldman Sachs’ trading woes will continue into next year. UBS lowered its rating for the bank’s shares to neutral from buy, saying it will report earnings below consensus expectations in 2018. “Shares seem to reflect a rebound in revs but we have limited confidence in that. We are downgrading […]
Read moreTwo reports last week say that Discovery is looking to buy Scripps Networks Interactive—first in the Wall Street Journal and then in Bloomberg. This has increased the market value of Scripps from $9 billion to over $10.5 billion. Some media watchers have criticized the potential deal, saying that it’s dumb for one of the most […]
Read moreWith the mounting problems facing South Africa, CNBC looks at the investment case for the country and whether its economic outlook is starting to look bleak. Last Thursday, the South African Reserve Bank cut its benchmark interest rate for the first time in five years, dropping the rate by 25 basis points to 6.75 percent […]
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THIS summer America has experienced some of the most intense heatwaves in decades. In parts of southern Arizona the mercury has climbed to a sweltering 48°C. That has had an impact on the state’s infrastructure. Last month, a single day’s heatwave grounded dozens of planes. As global temperatures climb higher, such incidents are likely to […]
Read moreGoldman Sachs downgraded the Boston Beer Company and Constellation Brands due to sluggish beer sales and shifts in demographic tastes. As it turns out, younger generations are drinking more wine and less beer. “As we explored back in 2014, we expected a cyclical rebound in total alcohol consumption post-recession ,” wrote chief analyst Freda Zhuo […]
Read morePoland could lose its voting rights in the European Union if it presses ahead with reforms to the judiciary. The country has become a headache for the EU since the right-wing conservative government won the general election in 2015 and began implementing several laws deemed risky for democracy. The European Commission, which is responsible for […]
Read moreCheck out which companies are making headlines before the bell: WebMD — Private-equity firm KKR is buying the health website operator for $2.8 billion, or $66.50 per share. Hasbro – The toymaker earned an adjusted 52 cents per share for its latest quarter, six cents a share above estimates. Revenue also beat forecasts, as Hasbro […]
Read moreDemocrats rolled out a new economic platform Monday in hopes of winning over President Donald Trump‘s populist base with promises to take on big businesses, lower the cost of prescription drugs and create jobs. The campaign — “A Better Deal” — is intended as a counterpunch to the president’s frequent criticism of the lackluster recovery […]
Read moreDuring his final term as Federal Reserve chairman, Alan Greenspan noted an impediment stifling economies in the former Soviet Union: “legal chaos, rampant criminality, and widespread corruption” reminiscent of the American Wild West. “Market economies,” Greenspan concluded, “require a rule of law.” Suddenly, the words and actions of President Donald Trump are raising questions about […]
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