Despite its manufacturing-laden business model, Tesla (NASDAQ: TSLA) occasionally makes a splash in tech — and this was one of those weeks. The electric-car maker showed off some futuristic new vehicles with some mind-boggling specifications. Continue Reading Below But more traditional tech companies had some interesting news this week, too. […]
FOX Business News
Why Twitter Inc Wouldn’t Be a Warren Buffett Stock
With the company’s stock up 19% since announcing “blowout” third-quarter earnings results on Oct. 26, some may think Twitter (NYSE: TWTR) must be close to righting the ship. For those who follow the tech industry in general, it was hard to miss the headlines. Continue Reading Below The headlines went […]
Amazon Has Bad News for Cord-Cutters
If there’s one business strategy that defines Amazon.com (NASDAQ: AMZN), it’s the company’s well-known penchant to sacrifice profit in the relentless pursuit of market share. CEO Jeff Bezos has become the second-richest person in the world thanks to his approach distilled in the simple epigram “Your margin is my opportunity.” […]
Why JD.com Is Your Ticket to Investing in the Growth of E-Commerce in China
JD.com‘s (NASDAQ: JD) third-quarter earnings announcement surprised investors. The Chinese e-commerce company generated revenue of $12.6 billion, a 39% year-over-year increase that narrowly beat analyst expectations. However, shares initially gained as the company defied Wall Street by posting an unexpected quarterly profit of $147 million in net income from continuing […]
Coming Soon: The First Department Store Bankruptcy Since the Great Recession?
Department stores have been particularly hard hit by changes in consumer behavior over the past few years. However, one of the curious things about the so-called “retail apocalypse” is that not a single department store chain has filed for bankruptcy since the Great Recession. Even the weakest chains have managed […]
Investors Can Expect 2 Things From These 3 Oil Giants in 2018
With 2017 drawing to a close, oil companies are starting to turn their attention to 2018. Several recently unveiled their plans for next year, including Hess (NYSE: HES), Suncor Energy (NYSE: SU), and Anadarko Petroleum (NYSE: APC). While each plan had a slightly different focus, two recurring themes stood out. […]
Family sues after child, 5, killed in rotating restaurant
ATLANTA – The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to prevent a “longstanding safety hazard.” Continue Reading Below The lawsuit comes after Charlie Holt died in the Sun Dial, a restaurant atop the 73-story […]
Designer Azzedine Alaia, known for clingy style, dies
PARIS – Tunisian-born designer Azzedine Alaia, a fashion iconoclast whose clingy styles helped define the 1980s and who dressed famous women from Hollywood to the White House, has died. Continue Reading Below The French Haute Couture Federation announced Alaia’s death on Saturday without providing details. Twitter tributes to his influence […]
“No fireworks” at NAFTA talks, but few signs of progress
Negotiators at high stakes talks to update NAFTA have so far kept their tempers but are not making much progress on tough U.S. demands that could sink the 1994 trade pact, a well-placed source said on Saturday. Continue Reading Below Officials from the United States, Canada and Mexico are meeting […]
Ukraine detains man wanted for 2004 murder of Forbes editor
MOSCOW – Ukraine’s intelligence agency said Saturday it has detained a man wanted for the high-profile murder of an American journalist in Russia 13 years ago. Continue Reading Below Paul Klebnikov, the U.S.-born editor of Forbes magazine’s Russian edition, was gunned down outside his Moscow office in July 2004. Many […]