Watch out Amazon, Google and Microsoft: Oracle could be the fourth hyperscaler (NYSE:ORCL)

Justin Sullivan Amazon (AMZN), Google (GOOG) and Microsoft (MSFT) are known as the big three when it comes to cloud computing services, seeing strong growth of at least 30%, putting them in “hyperscaler” territory. And while Oracle (NYSE:ORCL) has traditionally lagged behind that troika, Guggenheim analyst John DiFucci believes it’s only a matter of time … Read more

Coinbase Is Looking Like a Meme Stock. Watch Out, Shorts.

Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have added meme-stock volatility to the mix, taking cues from the likes of GameStop and AMC Entertainment . Consider the frenetic trading surrounding … Read more

Luxury watch prices plummet on weak Chinese consumer confidence

The prices of second-hand luxury goods have fallen rapidly in China over recent months, as even the wealthy cut back on their discretionary spending and sell their Rolex watches and Hermès bags to raise cash. More than a dozen popular brands of luxury watches and bags have lost between 20 per cent and 50 per … Read more

First Watch raises guidance on strong traffic trends

da-kuk First Watch Restaurant Group (NASDAQ:FWRG) reported same-restaurant sales growth of 13.4% in Q2 and same-restaurant traffic growth of 8.1%. Same-restaurant sales were up more than 30% compared to the level seen in 2019. Restaurant level operating profit margin fell to 18.2% of sales in Q2 vs. 22.5% a year ago as higher costs factored … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

Five things to watch for in the Canadian business world in the coming week

Article content TORONTO — Five things to watch for in the Canadian business world in the coming week: Article content Resources sector update Miner Barrick Gold Corp. reports its second-quarter earnings this week, followed by Lundin Mining Corp. on Tuesday. Barrick released an update last month indicating it is on track to achieve its production … Read more

New bill seeking CFTC watch over BTC, ETH could ‘free up billions’(Cryptocurrency:BTC-USD)

designer491 A bill introduced by a handful of U.S. senators looking to empower the Commodity Futures Trading Commission to regulate bitcoin (BTC-USD) and ethereum (ETH-USD) would deem the two largest cryptocurrencies by market cap as so-called digital commodities in a move that could “potentially free up billions of capital” into them, said Marcus Sotiriou, an … Read more

Best Defense Stocks To Buy And Watch For Today And The Future

The best defense stocks boast long-term programs as well as footholds in emerging priorities for the U.S. and its allies, amid the Russian invasion of Ukraine. X Russia-Ukraine War Impacts Defense Stocks Defense stocks surged following Russia’s invasion of Ukraine in February. They’re struggling now along with the broader stock market. The U.S. and its … Read more

6 reasons to watch the digital mortgage space

A home buying frenzy has many lenders considering new technology as a means to address the needs and preferences of future clients.  Mortgage lender Lower has introduced a cash-offer option for home buyers in need of financing, while First American Data & Analytics has released a new risk management tool.  Read more about these and other … Read more