CNBC’s Jim Cramer wasn’t too infatuated with the idea that Sears would sell smart appliances synced with Amazon‘s voice assistant, Alexa. Shares of Sears soared Thursday after the department store chain announced plans to sell Kenmore-branded appliances on Amazon.com. The products will also be compatible with Amazon’s Alexa platform. The Alexa-enabled appliances will allow customers […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3 car release, a Citi Research analyst says the electric car maker still needs to address one major thing before he can get bullish: the balance sheet. Tesla needs to raise billions of new capital by next year to overcome its losses, the bank’s analyst Itay […]
Read moreAdd Sears to the growing list of retailers signing deals with Amazon. The department store chain announced plans on Thursday to sell Kenmore-branded appliances on Amazon.com. The products will also be compatible with Amazon’s Alexa platform, Sears said. Shares of Sears’ stock were climbing more than 25 percent at one point in trading before the […]
Read moreSarepta Therapeutics stock surged by 20 percent after the company brought in much higher-than-expected revenues in its second-quarter earnings report Wednesday. Wall Street believes the biopharmaceutical company’s focus on developing treatments for rare neuro-muscular diseases is paying off, putting Sarepta in position to dominate its sector of the commercial drug market. “We believe Sarepta is […]
Read moreAmazon quietly acquired a company named Graphiq in May to help make Amazon’s voice assistant Alexa smarter, the Los Angeles Times said on Wednesday. Graphiq, according to its still-live website, lets users search on a topic — say, President Trump — and get complex sets of data on that subject, presented in easily digestible charts. […]
Read moreInterest rates are likely to stay low no matter who succeeds Janet Yellen as Federal Reserve chair, BlackRock‘s Rick Rieder told CNBC on Thursday. “Whoever is appointed, the dynamic [is] if you’re going to execute fiscal policy, you need to keep rates low for a long time,” the BlackRock chief investment officer of global fixed […]
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Euro surges against dollar as Draghi comments on ECB asset purchases
The euro saw a sharp surge as Mario Draghi spoke on Thursday afternoon, with the president of the European Central Bank (ECB) discussing inflation expectations and the potential end of its asset-purchase program. This is a breaking news story, please check back later for more. Source: cnbc Euro surges against dollar as Draghi comments on […]
Read moreThe number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said on Thursday. That […]
Read moreAre you wondering when the current tide of creative destruction from the FANG stocks will recede so we can go back to our old ways of investing in what we know? Like brick-and-mortar retailers, television and radio assets, movie production companies and advertising? If you’re one of the holdouts waiting to wade back into Amazon‘s […]
Read moreThe European Central Bank (ECB) held interest rates and asset purchases steady on Thursday, amid speculation that the bank will start to scale back its ultra-loose monetary policy in the fall. The central bank said that economic conditions remained positive but attempted to calm markets by striking a somewhat dovish tone and insisting that it […]
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