Ripple rose 20 percent Wednesday to an all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to an online translation of a release. […]
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While bitcoin falls, one cryptocurrency rises 9% after new link to some Japanese credit card firms
Ripple rose more than 9 percent Wednesday, coming within 10 cents of its all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to […]
Six new CEOs, including at Macy’s and Uber, will face the hot seat in 2018
Six new CEOs, including at Macy’s and Uber, will face the hot seat in 2018 Next year is shaping up to be a critical time in the life of six global companies, according to Jeff Sonnenfeld of the Yale University School of Management. Macy’s and Uber rank among Sonnenfeld’s list, […]
Apple pullback aside, the chart is still very much intact
Despite mounting pressures over its iPhone X, Apple is still a compelling buy, according to Craig Johnson of Piper Jaffray. A report by Taiwan’s Economic Daily earlier this week that Apple would cut its forecast for the iPhone X sent Apple shares tumbling 2.5 percent on Tuesday. The stock failed […]
Four charts that matter most for the market in 2018
Nearly every equity market in the world saw solid returns this year, and the U.S. is no exception. The S&P 500 is on pace for its best year since 2013, with a nearly 20 percent gain, year to date; the Dow Jones industrial average achieved a record number of all-time […]
Amazon’s ‘robust’ holiday sales spell earnings beat, 2018 expansion: Analyst
Amazon’s robust holiday sales bode well for a fourth-quarter beat and show the e-commerce giant’s “significant momentum” heading into 2018, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Amazon shares, citing the growing success of the company’s Prime membership platform. “Our surveys continue to […]
Energy stocks could be due for an even bigger rally
Energy stocks have soared this month, and Todd Gordon, a technician and founder of TradingAnalysis.com, says an even bigger rally is in store for the sector. The XLE energy-tracking ETF is up almost 7 percent in December, with energy stocks also getting a boost Tuesday as oil rallied to hit […]
Store closures rocked retail in 2017. Now 2018 is set to bring another round of them
A larger-than-average slew of retail bankruptcies and stores being shuttered rocked the industry this year, making headlines and dragging even some of the better-performing companies such as Home Depot, TJ Maxx and Costco down with the dismal news. So far in 2017, 6,985 store closure announcements have been made, according […]
Elon Musk asked his Twitter followers for Tesla feedback – here’s what they said
Tesla CEO Elon Musk asked his 17.1 million Twitter followers for feedback Tuesday, saying he wants to know how the auto and power company “can improve further.” Musk unveiled the Tesla Semi and a second-generation roadster in November, with the former receiving hundreds of reservations from companies like PepsiCo, WalMart […]
Oil prices are spiking to mid-2015 highs after a Libyan pipeline blast
Oil prices surged to more than 2½-year highs Tuesday on reports that a pipeline explosion in Libya has disrupted a big chunk of the country’s crude supply. International benchmark Brent crude rose $1.50, or 2.3 percent, to $66.75, after hitting an intraday peak of $66.89, its highest level since May […]