With few exceptions, top-selling smartphone models from Apple, Samsung, Huawei and the rest — a sea of rectangular slabs with rounded corners and maybe a bezel — lately have reached the limits when it comes to impressing consumers with new design elements to stand out. Now they are all about the screen. According to Brett […]
Read more
A new research note warns that too many investors are stuck in a losing trade reminiscent of the dot-com era. The Leuthold Group’s Jim Paulsen is behind the ominous call. “More and more of the leadership stocks have been the more aggressive, high beta stocks and a lot of the defensive names have been left […]
Read moreOne Wall Street firm is getting a lot more bullish on Netflix’s ability to dominant the video streaming market. GBH Insights increased its price target for Netflix shares to $500 from $400, representing 28 percent upside to Monday’s close. It is the highest target out of the 36 analysts who cover Netflix, according to FactSet. […]
Read moreApple could be most at risk of all the big American technology firms if the trade tensions between the U.S. and China escalate. Late Monday, President Donald Trump threatened additional tariffs on $200 billion worth of Chinese goods. In response, China’s Commerce Ministry promised counter measures if Washington goes ahead. It follows tariffs announced on […]
Read moreAT&T is promising fewer commercials, smaller channel bundles and personalized programming now that it has taken over Time Warner channels in an $85 billion mega-merger. After overcoming the U.S. Justice Department’s objection that the deal would harm competition, AT&T, the country’s number two wireless operator, said it will use its technology to reinvent how consumers […]
Read moreCVS Health said Tuesday it plans to roll out delivery of prescription drugs and some over-the-counter medicines. Customers in most markets where CVS’ nearly 10,000 stores are located will be able to receive their orders either one or two days after placing them. Some customers in urban markets will be able to receive orders the […]
Read moreFormer Uber executive Bozoma Saint John told CNBC on Tuesday the company is “on its way to being great. It’s not there yet.” Saint John had been in charge of repairing Uber’s reputation and morale before she left the ride-hailing company last week after just a year. “I came in right in the moment of […]
Read moreSAN FRANCISCO — Apple chief executive, Timothy D. Cook, may be the leader of the world’s most valuable public company, but lately he has had to act a lot like the tech industry’s top diplomat. Last month he visited the Oval Office to warn President Trump that tough talk on China could threaten Apple’s position […]
Read moreAmazon.com said on Tuesday that it has partnered with Marriott International to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry. Alexa for hospitality would assist in providing services ranging from ordering room service to requesting housekeeping or calling the […]
Read moreEvery currency in the world — from the U.S. dollar to the Chinese yuan — will have its own cryptocurrency version, the CEO of fintech firm Circle said. “Our view is that all fiat currency will be crypto,” Jeremy Allaire, who co-founded Circle in 2013, told CNBC in an interview on Monday. “It seems inevitable […]
Read more