Two years ago, Amazon (NASDAQ: AMZN) launched Spark, a social shopping app aimed at challenging Facebook's (NASDAQ: FB) Instagram and Pinterest (NYSE: PINS) in the social shopping space. Spark mimicked Instagram's feed of single photos and required new users to select at least five interests to display personalized recommendations...
Snus may sound like a Dr. Seuss character, but the smokeless tobacco product is among the fastest-growing tobacco-derived nicotine (TDN) products on the market today. Data from market researcher IRI shows TDN products grew 250% last year, hitting some $60 million in sales. Although that pales in comparison to...
Since the start of the year, shares of cloud software company Cloudera (NYSE: CLDR) have been cut in half. Since the beginning of June alone, the stock is down about 40% on the heels of the fiscal 2020 first-quarter report and the announcement that CEO Tom Reilly is parting...
Last week, Amazon (NASDAQ: AMZN) announced that it would be shutting down its Amazon Restaurants delivery service in the U.S. by the end of this month. This follows on from the closure of the same food delivery service in London toward the end of last year, which was the...
What happened Shares of ArQule (NASDAQ: ARQL) rose as much as 21% today after the company announced promising interim data from an ongoing, early-stage clinical trial for ARQ 092 in treating rare overgrowth diseases. The news comes just one trading day after management unveiled promising data for ARQ 531 in...
What happened Shares of recent IPO Luckin Coffee (NASDAQ: LK) are surging -- up nearly 10% in early morning trading and still up a healthy 8.6% as of noon EDT. Why? As Barron's reported over the weekend, "two sovereign-wealth funds and an American financial giant recently said they are large shareholders...
In September 2016, Wells Fargo (NYSE: WFC) paid $185 million to Los Angeles city and federal regulators after admitting to the creation of fake customers accounts. The company hoped that this would put the issue behind them. After all, big banks pay big fines for messing up all the...
The shares of package delivery giant United Parcel Service (NYSE: UPS) have fallen around 25% from recent highs. That massive decline has pushed its yield up to 4%, which is toward the high end of the company's historical yield range. Is this a buying opportunity for income investors or...
Memory chipmaker Micron (NASDAQ: MU) lost nearly half its market value over the past 12 months as a global glut of DRAM and NAND chips crushed market prices. The decline was exacerbated by sluggish demand from smartphone, PC, and data center customers amid the escalating trade war between the...
As the economy grows, consumers increasingly favor more expensive and complex drinks -- or so the thinking goes. In the decade since the financial crisis of 2008, drinking habits have reflected such behavior. Craft beer has been a big winner. So have distilled alcoholic products, and leading whiskey maker...