It turns out millennials don’t “live to ride” like their parents and grandparents did. Alliance Bernstein downgraded Harley-Davidson to market performance from outperform Wednesday following results from a recent survey that predicts no growth in bike sales as millennials enter HOG’s target demographic. The call is “based on increased conviction that motorcycle demand in the […]
Read moreGary Cohn as Federal Reserve chairman could add 5 percent to the S&P 500, CNBC’s Jim Cramer said Wednesday. “He’s a practical guy, and I think he’s not a theoretical guy. I think he is a guy who understands the labor force better than any of the people I’ve heard describe it,” Cramer said. A […]
Read moreAmazon’s third annual Prime Day ended with a bang. On Wednesday morning, Amazon announced its Prime Day sales this year surpassed Black Friday and Cyber Monday altogether, with the event growing by more than 60 percent from 2016. Prime members’ most popular purchase on Prime Day was the Echo Dot, Amazon said, and “tens of […]
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On Amazon’s Prime Day, Wal-Mart and its digital arm, Jet.com, were seen matching many of the internet giant’s discounts on an assortment of items, according Market Track. The market tracking firm reviewed price comparisons between many of the major retailers — Target, Best Buy, Wal-Mart and its Jet.com — throughout the day, finding that Wal-Mart’s […]
Read moreThe Hyperloop is one step closer to completing its transition from concept to reality after a successful, though limited, full scale test run by Hyperloop One. The transportation startup said it completed the first full system Hyperloop test in a vacuum environment in mid-May at the company’s development test loop just north of Las Vegas. […]
Read moreAmazon said the Echo was among its best selling devices during Prime Day on Tuesday. If you bought one, we’ll give you some tips on how to get the most out of it. In fact, we’ve been building a database covering some of the basics and even some of the new features that have launched […]
Read moreRoyal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the government can sell its shares in the bailed-out bank. The Edinburgh-based bank lender on Wednesday said it agreed to settle the lawsuit with the U.S. […]
Read moreCurrency, United States Finance
Samsung‘s venture capital arm announced Wednesday it is expanding into Europe to invest in the continent’s start-up scene. Samsung NEXT will use a $150 million global fund raised in January to target early stage start-ups in Europe for investment or acquisition, focusing on tech companies working on artificial intelligence, the internet of things, augmented reality […]
Read moreMicrosoft is putting its artificial intelligence technology to work to help the visually impaired. The company said on Wednesday that it’s releasing an iOS app called Seeing AI that uses an iPhone’s camera to tell people about objects in front of them. The app shows off Microsoft’s current capabilities in AI, while also addressing a […]
Read moreFederal Reserve Chair Janet Yellen emphasized Wednesday that the central bank is closely watching tepid inflation data but that she still expects to begin shrinking its $4.5 trillion bond portfolio later this year. In prepared remarks for her semiannual testimony Wednesday and Thursday on Capitol Hill, she said that the bond portfolio, or balance sheet, […]
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