The slump contributed to a double-digit gap between the retailer and the broader market so far this year. Yet many of its peers, including Wal-Mart Target’s January swoon came after the company announced surprisingly weak results for the key holiday shopping period.
Category: Science / Technology
Why Amazon.com Inc. Is Investing Billions in India
India is the world’s second most populous country, its biggest democracy, and its sixth-biggest economy. And now, it appears to be the next big prize for Amazon.com When Amazon spots a market opportunity, it goes all in after it.
Apple, Inc. CEO Tim Cook Talks Up Augmented Reality’s Potential
Despite the company’s penchant for secrecy, it’s become increasingly clear that Apple has something in the pipeline given that CEO Tim Cook keeps talking about AR’s transformative potential. This is that whole “ship leaking from the top” bit that Steve Jobs always referred to.
Apple’s iPhone 8 Could Represent a Big Break with the Past
But a new set of reports also suggest the device could represent a sea change in terms of how Apple prices and manufactures its latest flagship model. In addition, one of the reports indicates Apple will be doubling down on its efforts to differentiate its costliest iPhones via camera technology.
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Intel’s second-largest business unit by revenue, and arguably its most important business for the long term, is its data center group . The business is attractive for a couple of key reasons.
Amazon’s U.S. Online Sales Growth Last Year Was More Than Everyone Else’s Combined
But it’s still astounding just how dominant it’s been in recent years. New data from Slice Intelligence shows Amazon took 53% of all the sales growth of online retailers in the US last year.
Samsung Galaxy TabPro S2 specifications, features leaked ahead of MWC 2017
As Samsung prepares for the upcoming MWC 2017 event in Barcelona, there have been a slew of rumors about the products that will be launched. Speaking about the expected devices, Samsung has been long rumored to launch the Galaxy TabPro S2 at MWC 2017 event on February 26. Successor to the Windows-10 powered Galaxy TabPro S which was launched at CES 2016, the Galaxy TabPro S2 has recently passed through the Federal Communications Commission in the US.
Xiaomi Goes All-In On Retail to Revive China Smartphone Sales
After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the Oppo and Vivo brands leapfrog Xiaomi to the top of China’s smartphone market.
Why You Should (and Shouldn’t) Buy NVIDIA
At this point, it’s natural for investors to wonder if it’s too late to buy a few shares — this run could just bethe start of NVIDIA’s path to world domination, or it could be the very top of a bubble-like valuation. While the truth probably lies somewhere in the middle, there are certain types of investors who should, and shouldn’t, invest in NVIDIA no matter what the reality is.
Snap Just Became One of Google’s Most Important Cloud Customers
One of the many interesting details revealed in Snap ‘s S-1 filing with the SEC is that it agreed to a $2 billion contract with Google Cloud in January. The agreement with the Alphabet Snap has used Google Cloud since its creation, but had been spending considerably less than the $400 million per year it’s slated to spend through 2021.
China Biotech Taps Big Data as Next Weapon in War on Cancer
When Nisa Leung was pregnant with her first child in 2012, her doctor in Hong Kong offered her a choice. She could take a prenatal test that would require inserting a needle into her uterus, or pay $130 more for an exam that would draw a little blood from her arm.
China Biotech Taps Big Data as Next Weapon in War on Cancer
When Nisa Leung was pregnant with her first child in 2012, her doctor in Hong Kong offered her a choice. She could take a prenatal test that would require inserting a needle into her uterus, or pay $130 more for an exam that would draw a little blood from her arm.
iRobot Crushes Expectations With a Record Quarter
But with shares of the home-robotics specialist down around 9% in after-hours trading as of this writing, it seems the market isn’t pleased. To be fair, iRobot stock had also climbed more than 80% over the past year and traded near an all-time high leading up to this report, thanks to several stronger-than-expected quarterly performances in 2016.
iRobot Crushes Expectations With a Record Quarter
But with shares of the home-robotics specialist down around 9% in after-hours trading as of this writing, it seems the market isn’t pleased. To be fair, iRobot stock had also climbed more than 80% over the past year and traded near an all-time high leading up to this report, thanks to several stronger-than-expected quarterly performances in 2016.
Amazon and Apple’s Payments Growth Shows PayPal Is Facing Stiffer Competition
Though its shares — and back when it was a part of eBay , eBay’s shares — have dipped a number of times on news that a tech giant is trying to muscle in on its turf, the company has kept delivering 20%-plus payment volume growth like clockwork. But while any talk of a would-be “PayPal-killer” merits skepticism, the company does arguably face a tougher competitive environment than any time in recent history.
Better Buy: Apple Inc. vs. IBM
Apple, after reporting three consecutive quarters of sales declines, finally broke out of its funk last month when it reported solid, albeit muddled , holiday quarter results. IBM, after years of earnings declines, expects to return to growth on a per-share basis this year.
Apple TV Could Still Be a Major Opportunity, if Apple Can Execute
The tech giant’s hiring of a new exec from Amazon comes as pay-TV streaming apps and a burgeoning smart home market spell new opportunities. The TV has long been Apple’s white whale, a giant digital content and communications platform that has captured its imagination for at least a decade, but one which it has only established a modest presence for through a line of streaming set-top boxes.
Microsoft Adds Patent Suit Protections For Cloud Customers
Microsoft Corp. will help cloud customers fend off patent lawsuits and expand coverage of related litigation costs, seeking to distinguish its services from rivals in the fast-growing market for internet-based computing. As more companies host their applications and services on Microsoft’s Azure and other cloud providers, they are increasingly becoming the target of lawsuits from companies seeking to make money by claiming patent infringement.
3 ETFs to Consider if You Like Nvidia’s Fourth-Quarter Earnings
Artificial intelligence, gaming and autonomous driving are likely to continue support Nvidia’s strong fundamentals. These three ETFs may benefit if investors like what they hear.
Orbital ATK sues Pentagon over plans to award a space robots contract to a Canadian-owned firm
Orbital ATK, a Dulles-based aerospace manufacturer, is suing the Defense Advanced Research Projects Agency over plans to award a Canadian firm a $15 million contract to build a fleet of space-faring robots capable of repairing government and commercial satellites. Orbital argues the federal program, called the Robotic Servicing of Geosynchronous Satellites, would unfairly compete with its own privately funded effort, a system called the Mission Extension Vehicle 1, backed by at least $200 million from investors.
Arkansas House passes bill aimed at collecting Amazon taxes
Amazon would be required to tell Arkansas customers they owe the state sales tax under a bill approved by the House Tuesday, one of two efforts by lawmakers to recover millions in tax revenue from the e-commerce giant. The bill approved by the House on a 54-46 vote would also require Amazon and other out-of-state companies without a physical presence in Arkansas to provide a list to finance officials of purchases made by state residents.
4 Key Quotes From Amd Ceo Lisa Su
Ryzen, the company’s new CPU, aims to go toe-to-toe with Intel AMD reported its fourth-quarter results in January, concluding its fifth consecutive year of losses. The situation could improve dramatically this year if Ryzen and Vega drive market share gains, something the market is already pricing in.
Why Advanced Micro Devices Still Has Room to Run Higher
AMD shares have seen stellar gains since the company reported strong fiscal first quarter results last week, but there are reasons to think it can appreciate even more. Shares of the chipmaker have climbed more than 30% in the days since AMD reported stronger-than-expected fourth-quarter results last Wednesday.
As Rumors Persist, Google Badly Needs to Swing a Chinese App Store Deal
On the other, the vast majority of the Chinese devices running the OS don’t contain any of Google’s apps and services. That’s what makes a fresh report about talks to launch Google Play in China intriguing.
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Market-intelligence firm CB Insights has compiled a list of the major acquirers of private artificial-intelligence companies over the last five years. This list reveals well-known tech giants making large investments to increase their capabilities in AI.
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Market-intelligence firm CB Insights has compiled a list of the major acquirers of private artificial-intelligence companies over the last five years. This list reveals well-known tech giants making large investments to increase their capabilities in AI.
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Over the next 30 years, says ULA, America will put dozens, scores, even hundreds of explorers into the region bounded by Earth and its Moon, to live and work there long-term. ULA calls the project its “Cislunar 1000 Vision” to put 1,000 astronauts in orbit.
Trump’s FCC closes AT&T and Verizon zero-rating inquiry – CNET
There’s a new sheriff in town at the Federal Communications Commission, and he just gave AT&T and Verizon a big pass. The FCC said Friday it would end its inquiry into the companies’ so-called zero rating offers that allow customers to watch video from certain applications from their mobile devices without it counting against their monthly data caps.
Amazon Forecast Sparks Investor Concern on Big Spending
Amazon.com Inc. projected earnings for the current quarter that indicate stepped up spending on warehouses, movies and gadgets will continue this year at the expense of profits. Operating income in the first quarter will be $250 million to $900 million, which is less than a year earlier even though revenue is forecast to increase as much as 23 percent to $35.8 billion.
Amazon Shares Drop as AWS, Revenue Guidance Miss Expectations
Amazon’s revenue increased year-over-year, but still failed to meet analysts’ expectations during the key holiday shopping quarter. Shares of Amazon were falling 3.8% to $807.41 in after-hours trading on Thursday as the e-commerce giant posted revenue for the fourth quarter of 2016 that missed Wall Street’s expectations.
Teen Retailer Wet Seal Slips Into Bankruptcy
Struggling teen retailer Wet Seal is the latest to file for bankruptcy and plans to close all of its 142 U.S. stores by the end of February. Wet Seal filed for Chapter 11 protection Thursday morning, adding to a growing list of struggling retailers turning to insolvency amid a decline in mall traffic and an overall downturn in the industry.
Top Online Retail Stocks to Buy in 2017
Even after two decades of torrid growth, the rise of e-commerce is still in its early innings. Online sales comprise less than 10% of retail sales, with research firm eMarketer estimating that retail e-commerce sales will increase to more than $4 trillion in 2020, up from about $1.5 trillion in 2015.
Facebook Loses Virtual-Reality Headset Coding Lawsuit Against ZeniMax
Facebook Inc. and its co-defendants were ordered to pay $500 million to ZeniMax Media Inc. after a jury found the social network’s Oculus VR unit unfairly used ZeniMax code to build a virtual-reality headset. The verdict Wednesday was another setback for Oculus, which Facebook bought in 2014 for more than $2 billion.
AMD Shows Progress as Ryzen Launch Looms
The company beat analyst estimates across the board when it reported its fourth-quarter results, driven mostly by its Polaris graphics cards. The PC CPU market also treated AMD a little better, with client processor sales improving compared to the third quarter.
Target Slims Down After Less Than Festive Holiday Season
It looks like Target will join the growing list of retailers opting to slim down a bit after a tepid holiday shopping season. Target has canceled Goldfish, an e-commerce start-up launched a year ago, and has killed a prototype for a robot infested store of the future that was scheduled to soon be constructed in Silicon Valley, according to report Wednesday afternoon by Star Tribune .
Radio stations in several states hacked with anti-Trump rap
Radio stations in South Carolina and several other states say their signals were hacked and interrupted by an anti-Donald Trump rap song that contained obscene language. Multiple media outlets report a radio station in Salem, South Carolina, had its signal hacked Monday night and replaced by a rap played on a loop for at least 15 minutes, making a vulgar reference to Trump.
Radio stations in several states hacked with anti-Trump rap
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Radio station hijacked by anti-Trump messaging
Radio stations in South Carolina, Kentucky, and several other states claim that their signals were hijacked in recent days, interrupted by an obscene rap song that denounced President Donald Trump. A station in Salem SC was hacked on January 30 by a rap that played continuously for 15 minutes.
Apple snaps out of iPhone slump, but for what’s next?
In this Friday, May 13, 2016, file photo, a man uses his mobile phone near an Apple store in Beijing, China. Apple Inc. reports financial results Tuesday, Jan. 31, 2017.
Intel Corporation Thinks It Can Gain Share in FPGAs in 2017 and Beyond
Altera has been part of Intel for a while now, now operating as the latter’s Programmable Solutions Group . On Intel’s most recent earnings call, management provided quite a bit of information about how the business did in 2016 and what it expects from it during 2017 — let’s go over it.