Markets News 

Amazon could buy Macy’s, Kohl’s, or JCPenney over Target

“An analyst’s prediction this week that Amazon would buy Target has ignited a fury of speculation about the ecommerce giant’s acquisition plans in 2018” writes Hayley Peterson for businessinsider.com. Some top contenders could be Macy’s, Kohl’s, JCPenney, Lowe’s, or a furniture retailer like Williams Sonoma, Dennis said.Macy’s, Kohl’s and JCPenney would all offer sizeable real estate assets and could help Amazon grow its apparel empire — which has been a focus of Amazon’s for the last several years.That’s why many analysts, like Munster, are confident that Amazon will make another…

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India lowers economic growth forecast ahead of budget

“Finance ministry officials earlier said slower economic growth was likely to hit revenue collections this year, forcing them to resort to borrow from the market to meet spending targets” writes Akiko Fujita for cnbc.com. India lowered its forecast for the current year’s economic growth on Friday before a federal budget is released next month, as businesses were hit by the chaotic launch of new nationwide tax last July.Manufacturing is now forecast to grow at 4.6 percent this fiscal year compared with 7.9 percent growth in the previous year, the statement…

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Here’s where you can legally smoke weed in 2018

“Here’s a summary of where Americans can legally light up in 2018” writes Melia Robinson for businessinsider.com. A Gallup poll showed that 64% of Americans favor legalization, and even a majority of Republicans back it.Starting January 1, it will be legal to smoke marijuana for medical use in 29 states, and Americans will be able to toke up without a doctor’s letter in nine states. Source: businessinsider.com Share This:

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Five lessons we learned 2017’s biggest consumer and retail deals

“The value of worldwide retail deals was $132 billion in 2017, a roughly 90 percent jump from the year prior, according to Dealogic” writes unknown author for cnbc.com. Walmart and Amazon actively courted partners (Lord and Taylor, Kohl’s as examples) as part of their ongoing battle for retail domination.Stores can no longer rely on malls for foot traffic and food giants increasingly can’t rely on supermarkets for aisle visits.Food companies, meanwhile, continued their quest for growth as pressure on them intensified and attempts to grow or innovate on their own…

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Snapchat Keeps Rolling Out Changes to Try to Revive Its User Growth

“A year that started with a stellar IPO is ending with slowed user acquisition and repeated attempts to stoke growth by reinventing itself” reports slate.com. Snapchat developers have been introducing a flurry of redesigns and new tools in an apparent attempt to jumpstart the company, occasionally swerving into territory already dominated by other tech companies.Snapchat has further been struggling with a user growth rate of only 2.9 percent in the third quarter, the lowest it’s been since the company began reporting the number.That’s a big change for the company, which…

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Crypto Markets News 

‘Heed these words of warning:’ Ethereum founder threatens to leave if the crypto community doesn’t grow up

“Here’s Buterin in a tweet soon after the crypto market surpassed $500 billion for the first time: He went on:” writes Frank Chaparro for businessinsider.com. Vitalik Buterin, the founder of Ethereum, thinks crypto is heading in the wrong direction.Also, ethereum paved the way for hundreds of initial coin offerings, a cryptocurrency twist on the initial public offering process.The 23-year-old took to Twitter on Wednesday to lament the immaturity of communities across the cryptocurrency market. Source: businessinsider.com Share This:

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New Jersey city closes roads to navigation app traffic as problems grow

“New Jersey city closes roads to navigation app traffic as problems grow Navigation apps like Google Maps help cut down commute times and congestion by offering alternative routes when traffic is high” reports slashgear.com. That city is Leonia, New Jersey, which has faced growing traffic problems as navigation apps send commuters down its slim streets. These fines will start on January 22, 2018 — the big navigation apps have already been warned. Source: slashgear.com Share This:

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Brokers News Stocks 

E*TRADE Stock May Have Room to Grow: Zacks

“In addition to increasing DARTs, Zacks said that shares of E*TRADE are “undervalued” on a price-to-book ratio basis” writes Donna Fuscaldo for investopedia.com.   E*TRADE shares were recently trading down 0.69%, or $0.34, to $49.23.What’s more, Zacks predicted that, as business improves, E*TRADE will “gradually enhance shareholders’ value” by purchasing shares and paying a dividend.Shares of E*TRADE, the New York-based online brokerage, have been surging all year, up 36% as the stock market continues its bull run unabated.With the stock up 14.2% so far in the current quarter, investors are wondering if…

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Beckhams’ profits halve as Victoria’s fashion losses grow 

“The venture is focused on developing consumer products around the David Beckham brand” writes Ashley Armstrong for telegraph.co.uk. David and Victoria Beckham’s joint brand business is due to record a slump in profits for the last financial year after the power couple took a £10m dividend and ploughed investment into the former Spice Girl’s fashion business. Within Mr Beckham’s business, sales rose from £10.2m in 2015 to £11.2m due to further income from partnerships with drinks company Diageo, which makes Haig Club whisky, and insurance group AIA Vitality.Insiders said the drop…

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