Brian Armstrong, CEO of US cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in cryptography and crowding out DeFi to protect itself from competition. In a Sept. 11 Twitter post, Armstrong doubled down on his previous claim that Apple continues to block some features for cryptocurrency developers. TheRead More →
U.K.-based pharmaceutical giant AstraZeneca said Tuesday it will suspend clinical trials of a coronavirus vaccine it developed with Oxford University after a British subject fell ill. The decision will affect the company’s just-started so-called Phase 3 trial, which recruited 30,000 volunteers in the U.S. after 10,000 subjects in theRead More →
India’s Tata Group is reportedly looking to roll out a “super app” that will pit it against rivals, including Amazon AMZN, +1.13% and billionaire Mukesh Ambani-controlled Reliance Industries, in one of the world’s fastest-growing e-commerce markets. The new digital platform, which is scheduled to launch in India in DecemberRead More →
© Reuters. A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York (Reuters) – Drugstore chain CVS Health Corp (NYSE:) joined Walmart (NYSE:) Inc in announcing it will stop keeping beauty and personalRead More →
On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000Read More →
President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies. Trump claimed in the order that social-media companies have “unchecked power” to censor and restrict speech, and “we’re fed up withRead More →
An earlier version of this report misstated Sonos’ year-ago Ebitda figure. The correct amount is $87 million. Sonos Sonos said it’s getting more effective with its promotions. Sonos Inc. had a stronger-than-expected holiday quarter fueled by new products like a portable speaker and a partnership with IKEA. The company toppedRead More →
© Reuters. A Tim Hortons logo is pictured in Montreal, Quebec (Reuters) – Restaurant Brands International Inc’s (TO:) Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s (O:) products from its coffee and donut shops in the Canadian provinces of Ontario and British Columbia. This comes after theRead More →
Happy Friday, MarketWatchers! Don’t miss these top stories: Personal Finance I discovered through Ancestry.com that my biological father is someone else — can I claim an inheritance as his heir? ‘The secret was never revealed to me either by him or by my mother.’ Forget Champagne — and ring inRead More →
Amarin Corp.’s stock moved toward a new decade-high price in the extended session Friday after a Food and Drug Administration marketing approval that gave its drug Vascepa a wider use. U.S. traded shares of Dublin-based Amarin AMRN, +4.92% rose more than 5% Friday after being halted for half the tradingRead More →
The Organization of the Petroleum Exporting Countries and their allies are expected to announce an agreement to reduce crude oil output further this week, even as the group, collectively known as OPEC+, struggles to see full compliance from all of its members. A committee of oil producers led by SaudiRead More →
© Reuters. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York NEW YORK (Reuters) – Goldman Sachs Group Inc (NYSE:) will be launching new technology-based products and services for its institutional clients on Amazon’s cloudRead More →
WASHINGTON (Reuters) – The U.S. government on Monday said it could slap additional duties of up to 100% on $2.4 billion in French imports of Champagne, handbags, cheese and other products, after concluding that a new French digital services tax would harm U.S. tech companies. The U.S. Trade Representative saidRead More →
Demand for Apple’s new AirPods is surging ahead of Black Friday sales and the wireless earbuds could see shortages heading into the holiday season, according to Wedbush Securities analyst Daniel Ives. The technology company AAPL, +1.34% has reportedly ramped up production due to the success of its latest product. TheRead More →
Sonos Inc.’s product introductions and marketing improvements helped it top sales expectations in the latest quarter and the maker of speakers is feeling optimistic about the year ahead even as recent tariffs are expected to negatively impact results. The company posted a fiscal fourth-quarter net loss of $29.6 million, orRead More →
Three chip rivals — Advanced Micro Devices Inc., Intel Corp. and Nvidia Corp. — are rolling out new products in an increasingly competitive battlefield to speed up the fastest computers on earth. Nvidia NVDA, +3.96% pioneered the use of graphics-processing units, or GPUs, in the server market, where theyRead More →
There has been a persistent but largely uneventful conversation about climate change over the last several years. But in 2019, we may finally be seeing the beginning of real action. Democrats in the U.S. House of Representatives introduced a “Green New Deal” last spring. While it was voted down, allRead More →
(Reuters) – Kroger Co (N:) on Thursday said it would launch its own line of meatless burger patties, as the supermarket chain tries to cater to a growing appetite for plant-based meat alternatives, made popular by Beyond Meat (O:). The supermarket chain, which was one of the first retailers toRead More →
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York By Noel Randewich SAN FRANCISCO (Reuters) – U.S. retailers will be front and center on Wall Street next week as the United States imposes new tariffs on $300 billion worth of Chinese imports,Read More →
Getty Images President Donald Trump suggested Tuesday he would give more aid to American farmers as the trade spat with China continued, and told his Twitter followers his administration is watching Google “very closely” over election interference. FARM AID With the U.S. and China mired in a trade brawl, TrumpRead More →
Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and provides packaging services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Consumer Packaging segment offers round composite cans, shaped rigid paperboard containers, fiber andRead More →
Investors who own Axon Enterprise Inc. should brace for the stock to lose half its value, according to well-known short seller Spruce Point Capital Management, which issued a “strong sell” opinion on the law-enforcement technology company, that was formerly known as Taser International. In a research report released publicly onRead More →
Chewy Inc., the rapidly growing online seller that says it is feeding on a “pet humanization” trend, will collect a lot of bones from its initial public offering. Chewy CHWY, +0.00% announced Thursday that it planned to sell at least 46.5 million shares at $22 apiece, which would bring inRead More →
The Senate on Thursday voted against an effort to block sales of certain U.S. arms to Qatar and Bahrain, though Kentucky Republican Sen. Rand Paul’s push got support from more than 40% of the chamber. His measure targeting the arms sales to Qatar was defeated by a vote of 42-57,Read More →
© Reuters. The Trust Company of the West building in downtown Los Angeles By Jessica DiNapoli NEW YORK (Reuters) – Jess Ravich, the head of alternative products at TCW Group Inc, has left the U.S. asset management firm, a company spokesman said on Wednesday. Ravich last year was named asRead More →
