Amazon’s third annual Prime Day has a new piece to its shipping puzzle: airplanes. The new Prime Air fleet will help deliver the Echo devices, flat-screen TVs and countless other marked-down goods expected to lure consumers’ dollars with the easy swipe of a tab. The 30-hour Black Friday-like sales event is marketed to Prime members, […]
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Morgan Stanley analysts downgraded Snap on Tuesday, a day after the shares fell below their IPO price of $17. This is particularly insulting because Morgan Stanley took the Snapchat parent public, and therefore priced the IPO at $17 a share. The analysts are separate from the underwriters, but it still creates an awkward appearance. Shares […]
Read moreThe head-spinning, mouth-drying, bone-crushing fatigue of jet lag is enough to make anyone think twice about changing time zones. But sometimes, traveling is worth the suffering — or, it’s just unavoidable. So we quizzed Stanford sleep expert Jamie Zeitzer about how to minimize the misery of jet lag. The body operates on a biological schedule […]
Read moreShares of Arena Pharmaceuticals surged more than 44 percent Tuesday morning, after the drugmaker announced positive results for a treatment for a rare lung disease. The experimental drug Ralinepag met its primary Phase 2 program goal to show a meaningful improvement in the conditions of patients with pulmonary arterial hypertension. Patients who used the drug […]
Read moreThe “Fast Money” traders shared their first moves for the early hours of the trading day. Tim Seymour was a buyer of the iShares MSCI Malaysia ETF. Karen Finerman was a buyer of the iShares MSCI Emerging Markets ETF. Dan Nathan was a buyer of Intel. Guy Adami was a buyer of America Express. Trader […]
Read moreAmazon customers are shopping at “record levels” worldwide this Prime Day, Amazon said Tuesday morning. The 30-hour event had only just begun, and at 4 am ET Amazon said that millions of Prime members globally had already shopped the website for bargains and so-called lightning deals. In the U.S., the Amazon Echo is the best-selling […]
Read moreCurrency, United States Finance
France is seriously trying to get rid of the biggest drag on its economy
Investors and international institutions often criticize France for its rigid labor market and how that’s a drag on its economic performance. But that’s about to change, the former governor of the Bank of France told CNBC. “I frankly think that apart from the U.K., in three, four months from now, France will have the more […]
Read moreLouis Vuitton just announced a range of “Tamour Horizon” smartwatches that run on Google’s Android Wear software. It’s the most recent luxury brand to launch a smartwatch running Google’s software. Others, such as Tag Heuer and Montblanc also sell high-end smartwatches. Each Louis Vuitton watch features a watchface with the company’s branding, as well as […]
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Time to buy? Gold experts see a sweet spot for bullion as inflation returns
Gold prices might be are under pressure from the current “risk-on” environment for equities and rising interest rates, but several analysts expect the price to recover and say the precious metal can provide investors some real risk protection. Gold is currently trading around $1,210 per troy ounce. During Monday’s session it fell to $1,204.45, the […]
Read moreThe future of food is coming fast. With Amazon picking up Whole Foods and meal kit services like Blue Apron going public, we are thrust into a quickly changing food system where on demand service is revolutionizing how and what we eat. It’s a time of even faster food, easy as the touch of a […]
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