Fortune 500

I Was Wrong About Bitcoin. Here’s Why.

Several years ago, tech enthusiasts in San Francisco began buzzing about a new and mysterious thing called Bitcoin. There were rumors that the virtual money, invented by a pseudonymous math genius named Satoshi Nakamoto, would revolutionize modern finance and render government-backed currency …

Business

Apple’s $400 million purchase of Shazam: Lessons from a wounded unicorn

Apple’s acquisition of Shazam is without a doubt big news for Europe’s striving startup scene. What’s less clear is whether it’s good news or bad news.<p>Founded in 2004, in the pre-iPhone era, Shazam offers a remarkable tale of endurance. But just three years ago, the company was reportedly on track …

Apple

Apple has finally announced the launch of its most powerful computer yet, the $5000 iMac Pro

• <b>Apple said the iMac Pro will go on sale on Thursday.</b>• <b><br>The iMac Pro is a high-performance macOS desktop with a $4,999 starting price.</b><p>Apple snuck in one more product launch before the end of 2017. Apple announced on Tuesday that it will sell the iMac Pro starting on Thursday.<p>The iMac Pro will be a …

Business

AT&T And Netflix: Why Not Go For The Jugular?

The $85 billion AT&T-Time Warner merger could die about a year and a half after its announcement.<p>If so, would it be far-fetched to imagine AT&T …

Business

Review: 'The Last Jedi' Is A Very Special Edition Of 'Star Wars'

<b>Box Office:</b><p>There isn’t much to say about this one that hasn’t been said or can be said when the film opens in North America on Thursday night, with previews starting at 7 pm. Walt Disney is doing its best to downplay expectations, and I’ll help out by arguing that the movie doesn’t have to make, …

Star Wars

This Monster $16 Billion Mall Deal Should Terrify Sears and Macy's

<b>LOL:</b> First story I read Tuesday wasn't about the dollar ahead of the Federal Reserve meeting, oil prices spiking to $65 a barrel or a key policy …

Tech Industry

1 Figure That Sums Up Why Bitcoin Is So Dangerous

Ignorance is bliss, until it becomes downright dangerous.<p>Over the long term, there's been no more consistent creator of wealth than the stock market. …

Investing

5 things NOT to buy before Christmas

As many shoppers hustle for last-minute Christmas gifts, there’s plenty they should avoid.<p>Holiday shopping is expected to rise by 4% to $678.7 …

Business

Wall Street's 50 Favorite Dividend Stocks For 2018

Wall Street lives by picking probable prices for equities. All my articles include broker 1yr. target estimates. This new consolidation was suggested …

Finance

Disney’s Deal for 21st Century Fox Is Said to Be Close

LOS ANGELES — The Walt Disney Company was poised to complete a once-unthinkable deal to swallow most of Rupert Murdoch’s movie and television empire, a $60 billion-plus acquisition that would supercharge Disney’s global streaming-service ambitions, threaten to undercut Silicon Valley’s …

Award Shows

Large Bitcoin Exchange Says Hackers Are Attacking Again

Bitfinex, one of the world’s biggest bitcoin exchanges, said hackers are seeking to prevent users from accessing it in what are known as …

Business

Health care consolidation aimed at changing how the business works

Having a heart attack is one of life's great stressors, so it's no surprise that nearly one in five heart attack survivors qualify for a diagnosis of …

Health Care

A US grocery chain is challenging Amazon in advertising

When Amazon entered the grocery business with the acquisition of Whole Foods this year, it was thought to be a supermarket killer. The grocery business was already facing competition from general retailers like Walmart that operate on larger scales and offer lower prices, and invading European …

Kroger

How Howard Schultz botched Starbuck's acquisitions

<b>Starbucks</b> (SBUX) hasn't done many things wrong in its nearly 50-year existence. Founded by three academics in 1971 who learned the coffee business from Alfred Peet of Peet's Coffee and Tea, the founders made the best decision in the history of the business in 1982 by (reluctantly) hiring a young …

Investing

Toshiba Settles Fight With Western Digital That Imperiled a Major Deal

TOKYO — Toshiba has cleared one of the last remaining hurdles to a planned sale of its microchip subsidiary and moved a step away from the financial brink.<p>The struggling Japanese conglomerate said Wednesday that it had settled a legal dispute with Western Digital, the American data storage company, …

Business

Material World: Wal-Mart Turns to Virtual Reality for the Future of Shopping

Every other week, hosts Lindsey Rupp and Jenny Kaplan guide you through the consumer universe, breaking down what's going on with all the things …

Business

Navajo Nation sues Wells Fargo claiming it was targeted for fake accounts

The Navajo Nation has sued Wells Fargo, saying its citizens were targeted by workers trying to meet the bank’s aggressive sales quotas.<p>The lawsuit, filed Tuesday in federal court in Albuquerque, alleges many of the same practices that led to last year’s $185-million settlement between Wells Fargo …

Business

The next generation of Walmart's giant pickup towers could be coming to a Zara store near you

• <b>Zara is testing the next generation of Walmart's pickup towers.</b>• <b><br>Inditex, the company that owns Zara, is in talks to potentially roll out the technology to more stores.</b>• <b><br>The company behind the machines says they could soon pop up in grocery stores as well.</b><p>Walmart's giant pickup towers for online orders …

Business

Retirement's revolving door: Why some workers can't call it quits

In his view, Tim Franson utterly failed at retirement.<p>After 20 years as a high-ranking vice president at drugmaker Eli Lilly, Franson and his wife, …

Business

Amazon UK Announces Huge New Discounts On Echo, Fire TV And Kindle Devices

Amazon has today launched a raft of substantial last minute Christmas deals on a huge range of its own-brand home entertainment devices.<br>The deals include savings of as much as £70, and encompass everything from the latest Amazon Fire TV Stick with Alexa Voice Remote to the Kindle Paperwhite and …

Amazon

JetBlue's new free flight promotion with Amazon has gone horribly wrong — and customers are furious

• <b>JetBlue's Get Packing! game comes with a free flight for the winner.</b>• <b><br>The game was to debut on Amazon at 12 pm et on Tuesday.</b>• <b><br>Angry customers complained on Twitter that the game was never available.</b>• <b><br>JetBlue will try to launch the game again on December 18.</b><p>JetBlue's marketing department came up with a …

Business

I'm Sticking With CVS And Walgreens, My Last Two Losers

In early 2015 I created a portfolio (skimmed) from the Dividend Achievers Index.<p>I selected 15 of the largest cap companies in that index.<p>To date I've …

Investing

People are ramping up bitcoin-related job searches after its massive rally

A growing number of people are looking to hitch their careers to bitcoin’s rally this year by seeking out jobs in the crypto industry. Searches for roles mentioning “blockchain”, “bitcoin,” or “cryptocurrency” have increased more than tenfold in the US over the past two years, according to …

Business

A General Motors Stock Crash Is Speeding Toward Investors

General Motors (GM) could re-enter the European market, according to CEO Mary Barra.<p>It's been less than a year since GM sold its European unit to …

Automotive Industry

Why Instacart May Be Wal-Mart and Amazon's Biggest Rival

The delivery service has made some powerful friends.<p>If the enemy of my enemy is my friend, then Instacart may soon have a whole lot of friends.<p>To be …

Investing

How we know the tax cuts are for rich donors

The Dec. 9 editorial “Before a final vote on taxes” had a point that the hypocrisy of the Republicans’ tax plans is staggering and releasing President Trump’s tax returns would help make that clear. But this hypocrisy runs deeper. Investors will get as much as $6 trillion out of the tax plan. …

Opinion

Reflections on Responsibility and Results

Today is one of my proudest moments during my time at Intel. I am in New York to represent Intel tonight at the second JUST Capital awards, where …

Innovation

Microsoft's Julie Larsen-Green is joining $2.5 billion startup Qualtrics

• <b>Julie Larson-Green left Microsoft in November after a 25-year career there that spanned working on everything from Windows to Microsoft Office to Surface devices and has landed at Qualtrics.</b>• <b><br>Larson-Green is taking on the role of Chief Experience Officer for Qualtrics, a startup valued at $2.5</b> …

Startups

GM's Inventory Struggle

GM's inventory continues to swell.<p>The steps the company took earlier this year has not yet improved the situation.<p>Investors should keep an eye on …

Business

US stock indexes mostly higher in early trade; oil falls

U.S. stocks edged mostly higher in early trading Tuesday as investors sized up the latest company earnings and deal news. Gains by banks and health care companies outweighed losses among technology companies. Energy stocks also declined as the price of crude oil headed lower.<p>KEEPING SCORE: The …

Business