The reason Comcast is bucking the cord-cutting trend

comcast

Comcast has grown market share each quarter since the X1 platform reached 30% penetration in 2015 Getty Images The first quarter of 2017 proved not to be a good one for media companies faced with the impact of cord cutting. But Comcast Corp. CMCSA,  is one company that may be well positioned to embrace the […]

Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category

best buy

Best Buy shares soar after better-than-expected first-quarter earnings Best Buy is seeing growth in appliances, and will bring more in-home services to customers this year Best Buy Co Inc. attributed its better-than-expected quarter to mobile, gaming and improved overall sales trends. Neil Saunders, managing director of GlobalData Retail, thinks it has more to do with […]

Uber Quietly Drops Otto Truck Unit Name Following Trademark Spat

Otto

An Otto driverless truck at the Uber unit’s garage in San Francisco. By Alan Ohnsman and Matt Drange As Uber fights claims that it stole self-driving vehicle trade secrets from Alphabet Inc.’s Waymo, the rideshare giant quietly dropped the name for its driverless truck unit, “Otto.” The change was made last month in the wake […]

Just One Driverless Car Could Ease Traffic Jams

driverless car

Article by: Laurie Winkless New data suggests that the days of using variable speed limits to manage traffic could be over I think you probably know by now that I’m not a fan of the hype the floats around driverless cars. Don’t get me wrong, I love the tech behind them, and I am genuinely […]

MSCI Boost May Give Pakistan Market $500 Million ‘Headache’

MSCI Boost

Brokers have limited capital for high-value trades: EFG-Hermes Pakistan to be added to MSCI’s emerging market index on June 1 EFG-Hermes Holdings SAE expects Pakistani equities to be so popular with overseas funds this week that the country’s stock market could attract more money than it can handle the day before MSCI Inc. restores the […]

Evergrande’s Boss Got $10 Billion Richer on Meteoric Share Surge

Hui Ka Yan

Hui Ka Yan’s wealth jumps more than 132 percent this year Evergrande has soared on buybacks, speculation of rising sales Hui Ka Yan. Photographer: Anthony Kwan/Bloomberg Hui Ka Yan, chairman of China Evergrande Group, has seen his fortune surge by at least $10 billion this year as shares of his property company have almost tripled. Hui’s […]

Stocks Climb in Korea, Japan; Dollar Reverses Loss: Markets Wrap

stocks

U.K., U.S., China markets closed for holidays on Monday Dollar reverses losses amid Fed official’s rates comments Stocks in Japan and South Korea climbed amid low trading volume and the dollar erased losses as Federal Reserve Bank of San Francisco President John Williams said the economy is strong enough to withstand three or four interest rate […]

Bottled water is now more popular than soda — why you should avoid both

bottled water

U.S. consumers spent $21 billion on bottled water last year Bottled-water consumption in the U.S. hit 39.3 gallons per capita last year, while carbonated soft drinks fell to 38.5 gallons. Americans now drink more bottled water than soda, but some environmentalists say it’s worth highlighting there’s a hidden cost to buying all those plastic bottles. […]