The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]
Tag: Amazon.com Inc
Russia closes China border as outbreak tops 7,900
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 8:15 am: Cruise ship hold 6,000 passengers near Italy Costa Cruises […]
Why Netflix pricing may decrease as risk of subscriber losses grows
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images The record number of Golden Globe and Oscar nominations, better-than-expected Q4 revenue and 8.8 million new international subscribers […]
Falling bond yields on coronavirus may stunt bank profits
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Bezos-hired experts say Saudi crown prince MBS may have hacked phone
An outdoors investigation ordered by Amazon CEO Jeff Bezos concluded WhatsApp account linked to Mohammed bin Salman, the crown prince of Saudi Arabia, might have been concerned in a hack of Bezos’ smartphone, the Financial Times reported on Tuesday. The report presents one rationalization of how the National Enquirer, a tabloid, obtained and […]
Personalized nutrition could be the next plant-based meat, worth $64 billion by 2040, says UBS
Imagine receiving custom-made diet recommendation based mostly in your private biologic or genetic profile. That’s the “way forward for meals,” in line with a UBS analyst, who sees weight loss program personalization as the subsequent plant-based meat. Personalized diet may generate annual revenues as excessive as $64 billion by 2040, the agency stated. Plus, […]
Stocks appear detached from reality, rallying in anticipation of two things that may not happen
The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500’s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these […]
PopSockets CEO says Amazon uses ‘bullying with a smile’ to press for lower prices
Popular telephone accent maker PopSockets accused Amazon of “strong-arming” it and failing to take away faux merchandise. David Barnett, CEO of PopSockets, testified throughout a House Judiciary antitrust subcommittee listening to on competitors within the digital economic system in Colorado on Friday. Barnett stated Amazon pressured PopSockets to decrease the worth of its merchandise on […]
Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer
Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now […]
Lululemon raises its quarterly forecast after upbeat holiday sales
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon Athletica raised its quarterly sales and profit outlook on Monday, as the Canadian apparel maker’s efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday […]
