Even after Amazon’s big rally this year, a Wall Street analyst still believes the stock can go higher based on some interesting analysis of Google search data. Piper Jaffray’s Michael Olson reaffirmed his overweight rating for Amazon, citing the company’s web search analysis which pointed to robust June quarter sales growth for the e-commerce giant. […]
Read moreAs the U.S. dollar hit a fresh 13-month low in Tuesday trading against a basket of foreign currencies, the S&P 500 surged to an all-time high. Stocks’ strength was largely due to solid earnings reported before the opening bell, though some strategists are forecasting shares will continue rallying as the dollar’s relative value declines. “Weakness […]
Read moreShares of Interpublic dove 12 percent in trading Tuesday, after CEO Michael Roth said “political gridlock” was to blame for his company’s second-quarter earnings miss. The advertising company’s poor report for both earnings per share and revenue largely came from reduced spending by consumer goods clients, according to Roth. “Our results in the quarter reflect […]
Read moreMotorola announced the Moto Z2 Force on Tuesday, a new flagship Android smartphone that will be available in the U.S next month. The Moto Z2 Force offers a “shatterproof” display that won’t crack or damage when you drop it, Motorola says. It also has the latest Snapdragon processor from Qualcomm, the same that’s in Samsung […]
Read moreTHREE years ago, Ryanair, Europe’s biggest budget airline, made the sudden decision to be nicer to its customers. Before that, brusqueness had been part of its strategy. Fares were low, but check-in staff were famously ruthless. One family was charged €600 ($701) to print their forgotten boarding passes (“idiots” according to Michael O’Leary, the airline’s […]
Read moreArtificial intelligence, machine learning and robotics are making some real money for stock investors, and beating the market. The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. That’s roughly three times the Dow Jones industrial average‘s […]
Read morePrint edition | Business Jul 29th 2017| BEIJING HONEST souls intent on paying full whack for the music they listen to used to have a hard time in China. In the era of compact discs, rare was the shop which did not sell counterfeits. The same held true when discs turned into downloads and online […]
Read moreMulti-billionaire tech titan and star of CNBC’s “Shark Tank” Mark Cuban says that most people are underestimating the potential of artificial intelligence to change the world we live and work in. He’s especially intimidated by the pace at which new technology advances: “It scares the s— out of me,” says Cuban, speaking to Ozy Fest […]
Read moreMining stocks led the S&P 500 higher on Tuesday on strong quarterly results and a surge in copper prices. Shares of Freeport-McMoRan and Newmont Mining popped 14.8 percent and 7.1 percent, respectively, outperforming the rest of the S&P. The two were the top performers in the benchmark during Tuesday trading. Freeport posted an adjusted profit […]
Read moreApple’s share of the Chinese smartphone market fell last quarter, according to one analysis, representing the waning dominance of the iPhone ahead of a major milestone. Local brand Xiaomi snagged the fourth-place spot that was held by Apple, leaving Apple at No. 5, according to Canalys, an independent analyst company. Samsung is also in the […]
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