Month: November 2017

Chinese e-commerce giant Alibaba said on Thursday its quarterly revenue climbed 61 percent, beating analysts’ estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.34 billion) in revenue for the July-September quarter, above a 52.2 billion yuan forecast by analysts polled by Reuters.
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Blue Apron‘s customer base is shrinking, but those who are staying are spending more. The number of customers Blue Apron served in the third quarter shrank 6 percent from a year earlier and 9 percent from the previous quarter. Average revenue per customer increased to $245 from $227 from the same time last year, but
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A number of regulators have warned of illicit activity surrounding cryptocurrencies like bitcoin. In September, China banned a practice known as “initial coin offerings” (ICOs). An ICO is a crowdfunding method for firms to raise funds by selling new cryptocurrencies. China’s regulators also moved to close down domestic bitcoin exchanges later that month. Both measures
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David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during an event in Menlo Park, California. Facebook CEO Mark Zuckerberg indicated that defending its 2 billion users from fake news, hate speech and other unwanted content may put a serious dent in the company’s profit margins. “I
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TipRanks, a service that ranks Wall Street analysts, identified the top analysts and found which stocks they like right now. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows you to screen for “best analyst consensus”
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Kohl’s is bringing out the sales for shoppers even earlier this holiday season. The department store retailer on Wednesday unveiled its holiday strategy, which includes more ways for shoppers to earn Kohl’s Cash, in-store deals on Cyber Monday and heavier Black Friday promotions starting this week. On the same day it introduced its holiday plans,
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Amazon has secured three new domain names related to cryptocurrency, sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space. However, Amazon Pay’s VP Patrick Gauthier told CNBC last month that Amazon had no plans to accept cryptocurrency because there hasn’t been much demand yet, and Amazon may simply be
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Airport-like security screenings are not necessary for Amtrak or other rail travel, the new head of the Transportation Security Administration said Wednesday, speaking a day after eight people were killed in a truck attack in Lower Manhattan. “We don’t intend to roll out anything like what we have in the airports,” TSA Administrator David Pekoske
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Bitcoin futures would allow institutional investors to buy into the digital currency market without directly investing in bitcoin, which regulations prohibit them from doing. “I don’t think it increases the chance of a Winklevoss ETF, but a futures-based ETF, it definitely does,” said Brian Kelly, a member of the working group for the CME bitcoin
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We see people take “mini retirements” or “rolling retirements.” They’re no longer working up to a certain day, quitting and never picking up another job or role again. As they enter this new stage in life, they simply change what they want to do. And they’re free to do so because, again, they already did
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Lucy Nicholson | Reuters Ken Griffin, founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 1, 2017. Billionaire businessman Ken Griffin is donating $125 million to the University of Chicago’s Department of Economics. The university announced Griffin’s gift Wednesday, saying it’s the second-largest in school
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Check out which companies are making headlines before the bell: Wal-Mart – The retailer announced it was tripling its selection of online items for the holiday shopping season, as well as providing free two-day shipping on more than two million products if the order is greater than $35. Estee Lauder – The cosmetics maker reported
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EVERSOFINE | Getty Images Many of life’s downturns can be weathered if you’ve already managed to build yourself a strong financial foundation. I’ve seen many families lose everything because they didn’t have enough life insurance. I often hear about people who use their retirement investments to pay for unexpected expenses. I’ve talked with families stuck
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Justin Sullivan | Getty Images The iPhone X is displayed during an Apple special event at the Steve Jobs Theatre on September 12, 2017 in Cupertino, California. Chinese consumers are picking up on the highly anticipated features not seen in previous iterations of the iPhone: Online, fans are saying that their favorite additions are the
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