Month: November 2018

A compromised passport number could be your ticket to identity theft woes. Marriott International announced Friday that hackers had accessed the reservation database for its Starwood Hotels brand, compromising data for 500 million guests. For 327 million of those affected consumers, the hotelier said, the information compromised “includes some combination of” data points including name,
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Amazon feels the heat in niche markets. Jon Fortt speaks with Chegg CEO Dan Rosensweig on disrupting e-commerce and taking on Amazon in education. Plus — former Amazon Insider Nadia Shouraboura and Revzilla Founder Anthony Bucci on what it takes to challenge the e-commerce king. Fortt Knox is a weekly podcast from CNBC anchor Jon
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November’s sell-offs have pushed the popular FAANG stocks well below their average Wall Street price targets. Facebook, Apple, Amazon and Google parent company Alphabet are now at least 20 percent below analysts’ expectations, while Netflix is as much as 35 percent below its average target. Matt Maley, equity strategist at Miller Tabak, said FAANG’s recent
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Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts’ estimates. The company’s shares, which have fallen about 14 percent this year, rose 5 percent in extended trading. Box ended its third quarter with more than 90,000 paying customers, up from 87,000 in the
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Doing good is its own reward. Reaping the tax benefits is a nice perk. Charitable donations generally kick into high gear on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. #GivingTuesday raised $300 million last year, according to GivingTuesday.org – although it remains to be seen whether this
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Brutal sell-offs have taken down some of Wall Street’s most highly prized stocks. The FAANG stocks — Facebook, Apple, Amazon, Netflix and Google parent Alphabet – which had driven the markets to records earlier this year have plummeted in the past three months with four-fifths in bear market territory. Michael Batnick, director of research at
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Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger or been in a better position, and the reason why is every company that we’re dealing with
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Many on Wall Street are busy publishing 2019 market estimates but Morgan Stanley’s added an outlook on the space industry. “We expect industry / technological milestones and capital formation will up the ante starting in 2019,” Morgan Stanley’s Adam Jonas wrote in a note to investors on Wednesday. Jonas, along with other Morgan Stanley analysts,
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