A massive EU privacy rule could bring an unexpected benefit for US consumers
New privacy regulations put in place by the European Union could benefit internet users in the U.S. (REUTERS/Francois Lenoir) A massive European Union regulation going into effect next May could deliver an unexpected benefit on the other side of the Atlantic: letting you take your data from social networks that today don’t let you download […]
A former manager at Target became a millionaire using one of Wall Street’s favorite trades
breaking bad money (AMC) You don’t have to be a professional investor to make a killing in the volatility market. Just ask Seth M. Golden, who previously worked as a logistics manager at a Target store. The 40-year-old, who lives in a suburb of Ocala, Florida, says he’s grown his net worth from $500,000 to […]
Walmart founder Sam Walton’s son sold $62 million of shares — and it’s not even 1% of what he owns
Walmart (Rob Walton at the Walmart shareholders conference in 2015. AP/Danny Johnston) Rob Walton has sold shares from his family company. Walton, who is the son of founder Sam Walton and served as chairman of Walmart until 2015, has unloaded shares of the retailer totaling $62.3 million, according to SEC filings reviewed by CNBC. Walton sold a total of 775,958 […]
Dixon Tech sets price range for up to $94 million IPO next week
MUMBAI (Reuters) – Consumer electronics maker Dixon Technologies (India) Ltd will sell shares in a price range of 1,760 rupees to 1,766 rupees in its initial public offering set to open on Sept.6, a public notice said on Tuesday. The IPO will raise about 6 billion rupees ($93.9 million) at the upper end of the […]
Gold hits one-week high after central bankers’ comments
FILE PHOTO: A salesman arranges gold ornaments, on a display board, inside a jewellery showroom during Akshaya Tritiya, a major gold buying festival, in Kochi, India April 28, 2017. REUTERS/Sivaram V/File Photo By Zandi Shabalala JOHANNESBURG (Reuters) – Gold rose to its highest in more than a week on Monday as the dollar weakened and […]
Goldman: Pro investors are beating the market with these 11 stocks
Stocks most owned by hedge funds and mutual funds managing nearly $4 trillion are handily beating the market this year, according to Goldman Sachs. “Both mutual funds and hedge funds have enjoyed strong YTD returns … Key sector overweights lead to outperformance,” strategist David Kostin wrote in a note to clients Friday. “High allocations to […]
Harvey’s death toll climbs to 6 in Texas amid ‘epic and catastrophic’ flooding
The death toll has climbed to six in Texas amid the “epic and catastrophic” flooding left behind in the southeast part of the state from Hurricane Harvey. On Monday evening, Houston’s Mayor Sylvester Turner confirmed three deaths in Houston. Three other storm-related deaths occurred in La Marque, East Montgomery County and the coastal city of […]
Money-saving Labor Day travel tips
The kids are going back to school and the weather will soon start to cool. While Labor Day signals the unofficial end of summer, there is still time to sneak in one last vacation. A recent survey from Expedia (EXPE) found that nearly 25% of Americans plan to travel over the Sept. 4 weekend, which means the […]
The Essential Phone is a beautiful alternative to Apple’s iPhone
It’s tough out there for a new phone, but if anyone has a chance at releasing one that grabs people’s attention, it’s Andy Rubin. In September 2008, Rubin’s team at Google (GOOG, GOOGL) launched Android, the wildly successful mobile operating system now running on more than 85% of smartphones worldwide. Unlike Apple’s (AAPL) walled-garden approach to its […]
Amazon Shares Have Mysteriously Plunged 10%, and This Could Be Why
With Amazon.com, Inc. (AMZN) completing its $13.7 billion purchase of Whole Foods Markets (WFM) , the e-commerce juggernaut is officially entering the bricks-and-mortar grocery space. With other moves, though — like its teaming up with Sears Holdings (SHLD) to sell Kenmore products exclusively on Amazon — it’s clearly showing that Amazon is looking to dominate just about every aspect […]