The city of Tracy, California, is flanked by clusters of warehouses on its east and west sides. The names on the buildings are familiar: Amazon, Costco, FedEx, Safeway, Crate and Barrel and others. Located in California’s Central Valley, Tracy’s proximity to the San Francisco Bay Area has turned it into a prime spot for distribution […]
Read moreI have driven at least 50 cars in my life and so far this is the best one I’ve ever had. Period. Let’s chat about why. Modern cars are profoundly annoying. Sure, they’re as safe as a fallout shelters, accelerate like dropped pianos and have enough tech to embarrass the Starship Enterprise. But between the […]
Read moreIndia’s multibillion-dollar entertainment industry is quickly gaining a global audience, and it’s not just because of the song and dance. In hopes of expanding more in the West, for the first time ever, the IIFA awards show, dubbed the Indian Oscars, is being hosted in New York City this weekend. But U.S. producers have already […]
Read moreInstagram CEO Kevin Systrom had a key role to fill in early 2016. He was seeking to revamp the photo-sharing service he’d co-founded with Mike Krieger six years earlier, and which Facebook had bought in 2012. After keeping Instagram’s executive ranks intentionally small, Systrom was putting together a team to help him overhaul the site. […]
Read moreFears of a new dotcom bubble are beginning to rise, as investors question whether this year’s technology run – the S&P Information Technology Index is up more than 20 percent year-to-date – is building toward the same over-saturated scenario as nearly two decades ago. Yet Invesco’s John Frank believes the current tech run-up is not […]
Read moreCombatant Gentlemen, a technology-focused menswear start-up that developed a wide following for catering to “ballers on a budget,” has apologized for a litany of customer service problems that prompted angry clients to publicly shame the company. For at least several months, the start-up — which launched in 2012 to sell men’s clothing for bargain prices […]
Read moreRide-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as […]
Read moreSpeculation is rife that China could create a “super regulator” at a major policy meeting this weekend as part of its efforts to curb risk in its financial system. The gathering, called the National Financial Work Conference, occurs every five years and started in 1997 in the wake of the Asian financial crisis. The closed-door […]
Read moreJim Cramer may not be a chartist, but he understands why charts are so important for predicting the market’s major moves. “You must consider them as if they are footprints at a scene of a crime. These footprints trace out what big money managers might be doing with their buying and selling of stocks,” the […]
Read moreThe most simple and reliable chart pattern out there is one that Jim Cramer dreads. Unfortunately, Cramer learned not to ignore the head-and-shoulders pattern the hard way when his charitable trust bought Alcoa — which spun off its aluminum business in November 2016 under the name Alcoa and is now known as Arconic — in […]
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