Costco (NASDAQ:COST) continues to squander an opportunity by operating as if the internet has not become a major factor in retail.
The company has proven resilient in the face of digital competitors led by Amazon (NASDAQ:AMZN). While other retailers are shuttering stores, losing sales, and generally fighting for survival, the warehouse chain has not had that problem.
Costco had a decent....More>>>
Much like the Canadian banking sector, Canadian telecoms operate in an oligopoly dominated by a few key players. These companies are Telus (NYSE:TU), Rogers (NYSE:RCI), and Bell (NYSE:BCE).
Telus is my personal favorite among these stocks, and as such I’ve decided to share my investment thesis.
Note: All prices and other information is in Canadian dollars unless otherwise specified.
Michael Kors Holdings (KORS) tumbled to the bottom of the S&P 500 today after beating earnings forecasts but offering disappointing guidance.
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Michael Kors dropped 11% to $36.82, while the S&P 500 finished little changed at 2,293.08.
Cowen’s Oliver Chen and team write that they cut estimates before Michael Kors reported but....More>>>
The Bitcoin price is falling today because of jitters over comments by an official of the People’s Bank of China (PBOC).
The price of Bitcoin fell nearly $100 early today (Tuesday), with the CoinDesk Bitcoin Price Index dropping about 7% from $1,275 to below $1,188 in about three hours.
About one-third of global Bitcoin trading takes place on Chinese Bitcoin exchanges.
Flying direct to the U.S. from major airports in the Middle East and North Africa just got a lot more complicated.
The Trump administration has ordered nine airlines to stop passengers from bringing most types of electronic devices into the cabin for U.S.-bound flights. Instead, they’ll have to check them in.
The sudden move, attributed to concerns about potential terrorist....More>>>