The Amazon Echo Dot was the most sold product during Amazon Prime Day, the company said Wednesday. Amazon said that total revenue increased more than 60 percent from last year, making it the most successful Prime Day to date. The Echo Dot helped it achieve that milestone. The discounted Echo Dot outsold thousands of items […]
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CONGRESS is sick and tired of unfair competition to America’s airlines from the three big Gulf carriers, Emirates, Etihad and Qatar Airways. So on June 28th, 17 representatives from the state of Illinois wrote a letter to the secretaries of State, Transportation and Commerce complaining about the subsidies these airlines receive from the United Arab […]
Read moreSoftware developers are impressed with Facebook’s lead over Snapchat’s platform, which may signal more bad news for Snap, according to advertising mogul Martin Sorrell. “If you went to the app developers’ conference on the West Coast, at Facebook, the people who I spoke to came away from that saying that Facebook was very successfully countering […]
Read moreAmazon shares once again crossed the $1,000 mark after the company reported Wednesday that its third annual Prime Day event was its “biggest sales day ever.” While Amazon, didn’t disclose any specific sales figures, it said sales rose more than 60 percent from the same 30-hour period last year. After the announcement, Amazon shares traded […]
Read moreShares of PayPal hit an all time high of $56.99 on Wednesday thanks to a new company partnership with Apple. PayPal announced early Wednesday that iPhone and iPad users can now use PayPal to make purchases in the iTunes App Store. The deal will help PayPal generate new revenue and attract customers who might still […]
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It turns out millennials don’t “live to ride” like their parents and grandparents did. Alliance Bernstein downgraded Harley-Davidson to market performance from outperform Wednesday following results from a recent survey that predicts no growth in bike sales as millennials enter HOG’s target demographic. The call is “based on increased conviction that motorcycle demand in the […]
Read moreGary Cohn as Federal Reserve chairman could add 5 percent to the S&P 500, CNBC’s Jim Cramer said Wednesday. “He’s a practical guy, and I think he’s not a theoretical guy. I think he is a guy who understands the labor force better than any of the people I’ve heard describe it,” Cramer said. A […]
Read moreAmazon’s third annual Prime Day ended with a bang. On Wednesday morning, Amazon announced its Prime Day sales this year surpassed Black Friday and Cyber Monday altogether, with the event growing by more than 60 percent from 2016. Prime members’ most popular purchase on Prime Day was the Echo Dot, Amazon said, and “tens of […]
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On Amazon’s Prime Day, Wal-Mart and its digital arm, Jet.com, were seen matching many of the internet giant’s discounts on an assortment of items, according Market Track. The market tracking firm reviewed price comparisons between many of the major retailers — Target, Best Buy, Wal-Mart and its Jet.com — throughout the day, finding that Wal-Mart’s […]
Read moreThe Hyperloop is one step closer to completing its transition from concept to reality after a successful, though limited, full scale test run by Hyperloop One. The transportation startup said it completed the first full system Hyperloop test in a vacuum environment in mid-May at the company’s development test loop just north of Las Vegas. […]
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