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During a speech in December of 1996, then Fed Chair Alan Greenspan uttered the somewhat immortal phrase “irrational exhuberance” while discussing asset values and the historical role of central banking. Although the context of his comment did not specifically reference 1996 stock valuations, investors inferred from the statement that Greenspan thought equity assets were overpriced….
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Netflix, Inc. is reportedly closing its Paris office and is moving its all operations to the Netherlands. It seems that the streaming isn’t winning in the French market, where it launched two years ago. According to the rumors, the online streaming giant has been facing problems in France due to local content, Variety reported, citing…
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Amazon.com, Inc. (NASDAQ:AMZN) was one of several firms to turn down Lyft, the mobile ride-sharing app. Lyft had reportedly met with the online retail juggernaut, as well as a handful of other brands, to sell itself. Unfortunately for Lyft, Amazon was not interested in their offer. Can anyone blame Amazon, especially considering the legal woes…
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SolarCity Corp (NASDAQ:SCTY) saw a major shareholder dump a large quantity of company stock. One of the biggest SolarCity investors sold off nearly 800,000 shares at the end of the first quarter. By the time June came to an end, the hedge fund controlled just a little more than 43,000 shares of the struggling Elon…
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Amazon.com, Inc. has acquired a video gaming company that’s Skype for gaming. Twitch, the online retailer’s video-game streaming company, has bought Curse Inc.,, which lets gamers chat with each other while playing as well as offers tools to manage and edit video gaming content. The deal will help allow Twitch to boost its video gaming…
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Apple Inc. is being probed by Russia’s state competition watchdog for iPhone price fixing following a complaint from a consumer. Russia’s Federal Anti-Monopoly Service said that it is looking into whether the U.S. tech giant has been involved in fixing prices for iPhones. In response, Apple has denied allegations and said that the company didn’t…
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Amazon.com Inc was in the eye of the storm last week when Wal-Mart made a move to buy Jet.com for $3B. WalMart made a move to acquire Jet.com in bid to shore up its digital capabilities, strengthen its online presence, and in order to get a bigger slice of the ecommerce market. Pundits have maintained…
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Amazon.com, Inc. is suspected of violating antitrust laws in Japan. The company’s local office was searched by Japan’s anti-monopoly watchdog agency on their suspicion that the firm is forcing retailers to favor its e-commerce service over rivals. According to the reports, the Japan Fair Trade Commission recently raided the company’s offices in Japan to investigate whether the company…
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Tesla Motors Inc , in order to make better use of the time that the car owners spend charging their cars may add a car-wash system to its supercharger stations. And, if the information is true, it could cost the owners about $40 for each wash. A premium car wash service from Tesla? Tesla could charge $40…
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Tesla Motors Inc should forgo its pattern of nearly annual, medium sized equity offerings in favor of a large offering, which will allow the electric carmaker stuff its coffers with cash, told Morningstar analyst Dave Whiston to CNBC. On Thursday, he said that a single, big offering would give the automaker the cash it needs…
