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“Starting in the second half of 2016, Amazon started to report a meaningful increase in capital expenditures primarily for robotics in its U.S., Europe, and Japan-based fulfillment centers,” Ju wrote. “This should over time allow Amazon to demonstrate greater leverage and offset the aforementioned minimum wage hikes.” Despite the rising costs in the near-term, Ju
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Oilfield services provider Halliburton’s third-quarter profit edged past analysts’ estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions. Halliburton, the largest provider of hydraulic fracturing services, has seen demand for its services soften as U.S. producers cut down on spending and transportation bottlenecks in
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Although Google declined to share pricing information, The Verge reported on Friday that the fee for the Play Store bundle will be as high as $40 per device for high-end devices, based on confidential “fee schedule” documents. Google declined to comment. If true, that’s a pretty high cost, particularly if you believe that phone makers
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The appeal is undeniable. When something goes wrong with an appliance, as it invariably will, it’s reassuring to think the repair bills will be covered. Here’s why you shouldn’t rush into this arrangement. Warnings about extended warranties aren’t new. Consumer Reports has been pushing back on them for decades. “Consumer Reports has always advised consumers
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If your plans are flexible, you can save a lot of dough by setting fare alerts, avoiding peak days and even considering alternatives to flying, according to Jacqui Gifford, a senior editor at Travel + Leisure. Know when to book: This season, a good rule of thumb is to book before Halloween because flight prices
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Betterment, another robo-advisor, is using artificial intelligence in a limited capacity to back-office tasks such as check processing. The company does not use the technology to generate financial advice or manage portfolios, said Dan Egan, director of behavioral finance and investing at Betterment. “Generally speaking, machine intelligence is kind of like an autistic savant, in
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We’ve all heard of voodoo economics, but voodoo investing? Noted Washington, D.C.-area radio personality and former financial advisor Dawn Bennett was convicted earlier this week of fraud, found to have bilked 46 listeners, advisory clients and friends who trusted her out of some $20 million in a Ponzi scheme. Prosecutors say she used voodoo in
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Joe Horowitz is a venture capital traditionalist. He believes in best practices, business fundamentals and calculated bets. But as megafunds and hundred-million-dollar rounds balloon valuations and flood the space, the Icon Ventures managing general partner finds himself fighting money with money. “If we don’t adjust to the reality of the implications of what the megafunds
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The Federal Reserve isn’t paying enough attention to the jobs being wiped out by technological innovation, CNBC’s Jim Cramer said Friday. “Right at the moment when Silicon Valley is laying waste to white-collar jobs and many factory positions — that’s why companies love the cloud, it lets them fire people — the Fed is obsessed
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Tesla’s future as a mass-market car company hinges on efficient, automated production of the Model 3. Tesla will lose $6,000 for every $35,000 Model 3 it sells, says UBS analyst Colin Langan. It only breaks even if the car sells for over $41,000. Tesla has yet to produce the $35,000 base model of the Model
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Less than a month after survey software company SurveyMonkey held its public market debut, one of its top rivals, Qualtrics, announced plans to follow suit. Qualtrics filed its IPO prospectus on Friday, and will soon join SurveyMonkey on the Nasdaq Stock Market, trading under the symbol XM, which refers to “experience management.” Qualtrics, whose technology
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Stocks should continue to rise despite near-term volatility in the market, strategist Bob Doll told CNBC on Friday. “Volatility is normalizing; PE’s are normalizing,” Doll, chief equity strategist at Nuveen Asset Management, said on “Power Lunch.” “We’re no longer in that era of financial repression.” Volatility refers to the amount of uncertainty in the size
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