Investors panicked over appliance-seller shares on Thursday due to fears of further Amazon disruption. Wall Street is now defending the brick and mortar retailers, saying the sell-off is “overdone.” Home Depot shares declined 4.1 percent Thursday after Sears announced a deal to sell Alexa-enabled appliances on Amazon. Other appliance retailers such as Lowe’s and Best […]
Read moreJPMorgan analysts believe Whirlpool’s decline in light of Sears’ announcement that it will be selling its full line of Kenmore appliances on Amazon is “overdone.” Shares of Whirlpool posted a sharp decline of 4 percent on Thursday after Sears declared plans on Thursday to sell Kenmore-branded appliances on Amazon.com. After the opening bell, Whirlpool traded […]
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A week or so ago, I’d had enough of the constant buzzing of my phone alerting me of new emails. It wasn’t work emails, I leave those on a dedicated smartphone and they’re typically useful. Instead, it was my personal Gmail account that had, over the years, accumulated newsletters and junky messages from brands I […]
Read moreGeneral Electric stock skid Friday to lowest its level in 19 months after the company saw a 12 percent drop in revenue from a year earlier. It was GE’s final quarterly earnings report before John Flannery replaces Jeff Immelt as CEO next month. Share prices were down as much as 5 percent after GE’s earnings […]
Read moreTech conferences and pitch competitions typically feature apps and hardware made for millennials, who make up the largest generation. But the design of these products usually fails to meet the needs of an even larger total population: Boomers and seniors. On Thursday, venture capitalists flocked to a conference and pitch competition called the Boomer Venture […]
Read moreNuance Communications‘ shares fell Friday after the voice and language technology company said a recent global malware attack will impact its earnings. The company sees third-quarter earnings in the range of 26 cents per share and 28 cents a share, below the 29 cents a share consensus estimate from Thomson Reuters. It sees adjusted revenue […]
Read moreThe “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Netflix. Karen Finerman was a buyer of Golar. Dan Nathan said he would not be chasing Microsoft right now. Guy Adami was a buyer of Xilinx. Trader disclosure: On July 20, 2017, the following stocks and commodities […]
Read moreCurrency, United States Finance
UK firms won’t be exempt from new EU data sharing rules – here’s why
U.K. businesses will still be forced to comply with rules that punish inappropriate sharing of consumer data, regardless of whether they leave the European Union or not. A legal expert told CNBC that a new EU law that forces companies to disclose breaches of illegal data sharing and to appoint data protection officers will take […]
Read moreA difficult year for Wells Fargo shareholders will likely get much worse, according to Berenberg. The firm lowered its rating for the bank’s shares to sell from hold, saying the bank will report earnings below consensus expectations next year. In a note to investors on Thursday, the firm said Wells Fargo has lost the magic […]
Read moreCustomers flying Delta can now board using just their fingerprints at Reagan Washington National Airport (DCA) if they wish. The airline says the is available for customers who are members of Delta’s loyalty program SkyMiles, and who have enrolled in CLEAR — an expedited airport security program that costs $179 a year. Delta started testing […]
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