Blue Apron is shaking up its leadership — and it means co-founder Matthew Wadiak is out of the C-Suite. Co-founder and chief operating officer Wadiak will transition to a senior advisory role, the company announced on Tuesday. Blue Apron’s seasoned executives in charge of supply chain and operations are being elevated and will now report […]
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Bitcoin fell to its lowest in five days Tuesday amid uncertainty over whether the digital currency will still avoid a split. Bitcoin dropped more than 10 percent to $2,487.13, its lowest since last Thursday when it hit a low of $2,276.16, according to CoinDesk. The digital currency last traded just below $2,500, unchanged for the […]
Read moreFacebook sees an opportunity to connect businesses with its 1.2 billion Messenger monthly users — and create new revenue sources for the company along the way. “There’s an app consolidating phenomenon where people spend time on fewer and fewer apps,” Kemal El Moajahid, Facebook’s lead developer for Messenger and virtual assistant M, told CNBC. “So, […]
Read morePresident Donald Trump told The Wall Street Journal that Apple is moving forward with three big U.S. factories in an interview published on Tuesday. Apple CEO Tim Cook called Trump to share that the iPhone-maker would do more manufacturing domestically, Trump told the Journal. “I spoke to [Mr. Cook], he’s promised me three big plants […]
Read moreEven 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. […]
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As 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 […]
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THREE 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 […]
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Artificial 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 […]
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