Apple CEO Tim Cook said that it will be a while before the technology available for augmented reality glasses rises to Apple’s standards, according to British Vogue. Cook — who visited Europe to meet with the French president and open an entrepreneurship lab at Oxford — talked to Vogue about the intersection of fashion and […]
Read moreThe Taiwan Fair Trade Commission said on Wednesday it will fine U.S. chipmaker Qualcomm T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology. The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA, WCDMA and LTE chip market and refused to license its technology to other industry players. […]
Read moreAmazon is making it easier for the family’s youngest shoppers to click through to Checkout with new parental control settings announced Wednesday. Teens between the ages of 13 and 17 can now create unique logins, linked to a household account, and place orders through the Amazon App to be approved by mom or dad. Parents […]
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AIRLINES use all sorts of clever tricks to make more money from passengers. They charge extra for bags, for food and for selecting where you sit. Now they are embracing another strategy: packing more seats onto each plane. Last month American Airlines announced that it will insert 12 more seats, or two rows, into its […]
Read moreCurrency, United States Finance
Fresh elections in Catalonia only way to solve impasse, says centrist leader
An opponent of Catalan independence has said fresh elections will be the only way to break the current impasse between supporters of independence and authorities in Madrid. Albert Rivera, president of the Ciudadanos party, told CNBC Wednesday that current President of Catalonia, Carles Puigdemont, could not stay in his position if progress is to be […]
Read moreMany individual investors fail to manage their equity portfolios with an awareness of “sector rotation” — ups and downs in different sectors’ performance, stemming from changing economic conditions and inevitable shifts in market favor. Historically, determining which sectors were likely to do well at a given time was basically a function of the economy. Different […]
Read moreKroger on Wednesday reaffirmed its forecast for 2017 amid a growing grocery price war with players like Amazon-owned Whole Foods, Wal-Mart, and low-price leaders Aldi and Lidl. Kroger also announced it’s exploring strategic alternatives, with the help of Goldman Sachs, for its convenience store business, including a potential sale. Kroger operates more than 780 convenience […]
Read moreJPMorgan isn’t buying the shake-up at General Electric. Analyst Stephen Tusa Jr. said in a Wednesday note he sees a dividend cut as “increasingly likely” and lowered his price target on the stock by $2 to $20, more than 14 percent below Tuesday’s close. Just like the departure of former GE Power CEO Steve Bolze […]
Read moreThe CEO of the world’s largest money manager told CNBC on Wednesday that the U.S. stock market “deserves a premium.” “Our companies are stronger,” said Larry Fink, CEO of BlackRock. “They’re better managed across many industries. So, I actually believe the U.S. deserves a premium to the other markets.” Fink said Asia and Europe currently […]
Read moreMark Zuckerberg is delivering a keynote speech at the company’s annual conference on virtual reality around 1pm ET on Wednesday. At least part of it will be focused on how Facebook users can share its VR technology. Yet he may be hard-pressed to keep broad attention focused solely on hardware and software after a preview […]
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