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Amazon-Whole Foods price cuts: ‘more bark than bite’

Daniel Acker | Bloomberg | Getty Images A customer loads shopping bags into a vehicle outside a Whole Foods Market location in Naperville, Illinois. Amazon made steep discounts — by as much as 43% – at Whole Foods on Monday, sending shockwaves across the grocery retail space. But a closer …

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Bitcoin jumps to record high, offshoot ‘bitcoin cash’ falls

Exactly four weeks since bitcoin split into bitcoin and bitcoin cash, the original digital currency hit a record high Tuesday while the offshoot fell to its lowest in more than a week. Bitcoin rose more than 6.5 percent, to a record high of $4,703.42, up nearly 70 percent for the …

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Here are 7 big data, artificial intelligence stock ideas from Bank of America

John MacDougall | AFP | Getty Images A small interactive robot from IBM’s Watson AI department, shows fairgoers some moves at the Digital Business fair CEBIT in Hanover, central Germany, on March 15, 2016. Analyzing the large amounts of data created by internet-connected devices will be a huge market in …

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Whole Foods brands compete with groceries on Amazon

Patrick T. Fallon | Bloomberg | Getty Images A customer browses avocados at a Whole Foods Market 365 location in Santa Monica, California. That was fast! On Monday, Amazon Fresh began selling hundreds of new items from Whole Foods’ house brands, including fancier fare and bath products from Whole Foods …

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Pro investors are beating the market with these 11 stocks

Stocks most owned by hedge funds and mutual funds managing nearly $4 trillion are handily beating the market this year, according to Goldman Sachs. “Both mutual funds and hedge funds have enjoyed strong YTD returns … Key sector overweights lead to outperformance,” strategist David Kostin wrote in a note to …

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Here are Jefferies’ favorite internet stock ideas for the next year

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Internet stocks have crushed the market this year, and one Wall Street firm believes the strong performance will continue. Jefferies’ research team shared its top internet stock ideas in a note to clients …

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Samsung vice chairman Jay Y Lee court verdict

SeongJoon Cho | Bloomberg | Getty Images Jay Y. Lee, co-vice chairman of Samsung Electronics, right, is escorted by a prison officer as he arrives at the Seoul Central District Court in Seoul, South Korea, on Monday, July 10, 2017. A court in South Korea on Friday will rule if …

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Apple 4k TV, Watch, iPhone 8 launch in September

Beck Diefenbach | Reuters The new Apple TV is displayed during an Apple media event in San Francisco, September 9, 2015. Apple will unveil an updated version of its Apple TV with support for 4K content in September, Bloomberg said on Thursday. The new 4K Apple TV will reportedly be …

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Twitter shares fall after Jefferies downgrades, calling Facebook ‘clear winner’ in social

“TWTR’s push to be a digital live video provider is interesting, but we note that bigger competitors such as FB & GOOGL have much stronger digital video propositions for advertisers with much larger and more engaged user bases, deeper granular data for targeting, and proven return on advertiser investment,” Thill …

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Average lifespan of company under 20 years

The disruptive force of technology is killing off older companies earlier and at a much faster rate than decades ago, squeezing employees, investors and other stakeholders, according to a new report. “The average age of a company listed on the S&P 500 has fallen from almost 60 years old in …

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