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Finance

Keen to highlight its popularity with smaller third-party merchants who sell through the platform, Amazon also added that Cyber Monday was the biggest day for small businesses too, who sold around 140 million items collectively between over the five day period between Thanksgiving and Cyber Monday.
  • Nasdaq plans bitcoin futures contract in 2018

    Nasdaq plans bitcoin futures contract in 2018

    Finance

    Around 100,000 new accounts were added between November 22 and November 24 alone at Coinbase, the biggest bitcoin exchange in the USA, bringing the total number of accounts at the platform to 13.1 million, more than double what it was recorded a year previously, according to a report by CNBC over the weekend.
  • Digital media company BuzzFeed cutting jobs in US, UK

    Digital media company BuzzFeed cutting jobs in US, UK

    Finance

    The cuts will be mainly in the business and advertising divisions in the USA operations, with a number of editorial and business employees cut in Britain, a spokesman said, confirming an earlier report in the Wall Street Journal . That success attracted major investment, including $400m from Comcast Corp.'s NBCUniversal, whose latest infusion about a year ago valued the web business at about $1.7bn.
  • Royal Bank of Canada boosted by lower provisions for bad loans

    Royal Bank of Canada boosted by lower provisions for bad loans

    Finance

    Asset Advisors Corp bought a new stake in shares of Royal Bank Of Canada in the 3rd quarter valued at about $178,000. Nwam LLC increased its stake in Royal Bank Of Canada by 20.3% during the 2nd quarter. The company's quarterly revenue was up 2.0% on a year-over-year basis. All amounts are in Canadian dollars and are based on our audited Annual and unaudited Interim Consolidated Financial Statements for the year and quarter ended October 31, 2017 and related notes prepared in accordance ...
  • Chipotle Looking For New Chief Executive

    Chipotle Looking For New Chief Executive

    Finance

    Ells has held or shared the chief executive's role since founding Chipotle in 1993, attracting investment from McDonald's Corp before taking it public in a blockbuster 2006 stock market launch. Chipotle said it had formed a search committee comprised of directors Robin Hickenlooper and Pershing Square's Namvar, as well as Ells, to identify a new CEO.
  • Croatia's economy climbs 3.3 percent year-on-year

    Croatia's economy climbs 3.3 percent year-on-year

    Finance

    Real GDP growth has been nudged up from its advance estimate for the third quarter from last month of 3.0 percent. During the first quarter of this year, the rate of expansion was 2.6 percent. The quarterly increase in consumer spending on services, a key driver of the U.S. economy, was also unrevised at 1.5 percent, its lowest level in four years.
  • London Stock Exchange CEO Xavier Rolet to Resign Immediately

    London Stock Exchange CEO Xavier Rolet to Resign Immediately

    Finance

    Xavier Rolet has said he will "not be returning to the office of CEO or director under any circumstances". The dispute surrounding Rolet's departure from the chief executive position flared up after the LSE board announced a succession plan, but failed to give a satisfactory answer regarding Rolet's reasons for leaving.
  • Amazon says Cyber Monday 2017 was its biggest shopping day ever

    Amazon says Cyber Monday 2017 was its biggest shopping day ever

    Finance

    Amazon .com have just announced that a record holiday shopping weekend for Amazon devices stating that millions of Alexa Devices were purchased. Amazon hasn't released exact sales figures for the holiday weekend, but so far this year's Cyber Monday is estimated to have been the biggest online shopping day in history , according to analysis from Adobe .
  • Automation could kill 73 million U.S. jobs by 2030

    Automation could kill 73 million U.S. jobs by 2030

    Finance

    The study concludes that between 0% and 33% of work activities could be displaced on or before 2030. The U.S. and other advanced economies that have wages which are higher, are more vulnerable to labor saving technology being adopted. It could also boost productivity as they expect these jobs to be more highly skilled. The biggest challenge, Lund says, will be retraining millions of workers midcareer.
  • Auris Medical Holding AG (EARS) EPS Estimated At $

    Auris Medical Holding AG (EARS) EPS Estimated At $

    Finance

    If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name. Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price.
  • Are Analysts Bullish Pure Storage Inc (NYSE:PSTG) After Last Week?

    Are Analysts Bullish Pure Storage Inc (NYSE:PSTG) After Last Week?

    Finance

    Finally, Marcus Capital LLC increased its stake in shares of Pure Storage by 57.6% during the second quarter. Finally, Verition Fund Management LLC bought a new position in Pure Storage in the 2nd quarter valued at $184,000. Following the completion of the sale, the president now directly owns 215,190 shares of the company's stock, valued at approximately $3,154,685.40. The disclosure for this sale can be found here.
  • Uber's losses widen as SoftBank launches bid to buy shares

    Uber's losses widen as SoftBank launches bid to buy shares

    Finance

    Uber Technologies Inc .'s third quarter loss widened to $1.46 billion, coinciding with a SoftBank-led consortium's bid to buy a large block of the ride-hailing company's stock. Last week, Uber also disclosed that it had covered a security breach that had compromised the personal data of 57 million rider and driver accounts. On the other hand, it's rival Lyft Inc ., has been gaining market share as well as customer approval.