Netflix 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 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 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 […]
Read moreKey California lawmakers said Thursday they’ve reached an agreement on legislation to enshrine net neutrality provisions in state law after the Federal Communications Commission dumped rules requiring an equal playing field on the internet. California’s bill is one of the nation’s most aggressive efforts to continue net neutrality, and the deal comes after a bitter […]
Read moreSamsung Electronics on Friday said its second-quarter operating profit likely rose 5.2 percent from a year earlier, missing analyst estimates. Its sluggish mobile business pressured strong margins from its chip sales, analysts have said. Samsung, in a regulatory filing, said April-June profit was likely 14.8 trillion won ($13.2 billion), below the 14.9 trillion won average […]
Read moreEven the company dubbed “the Netflix of China” can’t change CNBC’s Jim Cramer’s opinion on Chinese IPOs. “In the midst of the trade tensions with the People’s Republic, China-based companies keep coming public here and their stocks have been roaring,” the “Mad Money” host said Thursday. “Many of these names, though, [are of] dubious quality.” […]
Read moreEven the company dubbed “the Netflix of China” can’t change CNBC’s Jim Cramer’s opinion on Chinese IPOs. “In the midst of the trade tensions with the People’s Republic, China-based companies keep coming public here and their stocks have been roaring,” the “Mad Money” host said Thursday. “Many of these names, though, [are of] dubious quality.” […]
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