• Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data
    Yahoo Finance

    Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data

    ‘Hamilton’ is continuing to soar following its Disney+ debut with 80% of users tuning in to watch the Broadway phenomenon, according to research complied by 7Park Data.

  • Walmart's New Subscription Service Has a Key Advantage Over Amazon Prime
    Motley Fool

    Walmart's New Subscription Service Has a Key Advantage Over Amazon Prime

    Walmart (NYSE: WMT) is preparing to launch its latest assault on Amazon (NASDAQ: AMZN). According to an article on Recode this week, the retail giant is about to unveil a new subscription service called Walmart+ that will offer similar benefits to Amazon Prime. Costing $98 a year, Walmart+ will be a significant step up from Delivery Unlimited, its existing same-day grocery delivery service.

  • 3 Top Entertainment Stocks to Buy Now
    Motley Fool

    3 Top Entertainment Stocks to Buy Now

    You'll find everything from undervalued giants to skyrocketing growth stocks in the entertainment sector right now.

  • Better Buy: Shopify vs. MercadoLibre
    Motley Fool

    Better Buy: Shopify vs. MercadoLibre

    MercadoLibre (NASDAQ: MELI), the leading e-commerce player serving Latin America, has seen its stock climb more than 75% since the beginning of the year, trouncing the S&P 500. Let's compare both companies in terms of their growth, addressable market, financial stability, leadership, and valuation to pick a winner. Over the last several years, Shopify's growth has been slowing as it gets larger, but it still posts impressive year-over-year gains in the 40%-plus range.

  • 2 Stock Bubbles That Could Pop in the Next Market Crash
    Motley Fool

    2 Stock Bubbles That Could Pop in the Next Market Crash

    The Nasdaq hitting a record high in July is just the exclamation point on top of it all, reminding investors that many stock prices are out of control. Below are two stocks that at this point are bubbles and could be ready to pop the next time there's a market crash. Shares of virtual care provider Teladoc (NYSE: TDOC) are soaring this year as people are staying home amid the pandemic and looking for ways to minimize their exposure to COVID-19.

  • TikTok Gets an Amazon-Sized Scare
    Bloomberg

    TikTok Gets an Amazon-Sized Scare

    (Bloomberg Opinion) -- What was a turbulent enough week for TikTok turned downright bizarre on Friday.Already, Secretary of State Mike Pompeo had warned that the Trump administration was looking at banning the short-video platform owned by Beijing-based parent ByteDance Ltd. over data-privacy concerns, and President Donald Trump himself said h e was considering banning TikTok as one way to retaliate against China over the coronavirus. Then things got worse when Amazon.com Inc. on Friday sent an email to employees telling them to delete the TikTok app from mobile devices they use to access company email, citing “security risks.”The bizarre part happened just hours after that, when Amazon issued a statement saying the it had sent the email to its employees “in error” and there was no change in their policies toward TikTok. All clear? Not quite. For soon after Amazon corrected the record on its TikTok policy, Wells Fargo & Co. confirmed a report from the Information that the bank had told employees to delete the app from work phones because of “concerns about TikTok’s privacy and security controls and practices.”For sure, the company dodged a bullet when it comes to Amazon. But it is unknown whether the e-commerce giant intends to resend a similar email on TikTok policy in the future; clearly, someone drafted something. And the government threats remain. Not only that: The prospect of a potential ban has brought widespread anxiety to the TikTok community. In recent days, many creators posted tearful “goodbye” videos, with some asking their viewers to follow their accounts on other platforms such as YouTube and Instagram. What has been a slow boil of troublesome developments risks cascading into a full-blown public relations crisis. Whether or not the security concerns are justified or the motivations political, TikTok can and should do a lot more to address them and take more control of the narrative. TikTok’s responses, thus far, have been low-key. The company has said it keeps its user data in the U.S. with backups in Singapore and has never provided data to the Chinese government. On Friday, in response to the initial Amazon news, it said in a statement that “user security is of the utmost importance” to TikTok, adding it hadn’t heard from Amazon about its concerns and looks forward to a “dialogue so we can address any issues” the tech giant may have. A more proactive response is in order, and here are some things TikTok can do. First, statements aren’t enough. Where is TikTok’s CEO? Earlier this year, ByteDance hired former Walt Disney Co. executive Kevin Mayer to head up TikTok. You’d think the veteran media executive would be the perfect ambassador to help tamp down concerns. He needs to get out there and explain TikTok’s side of the story, whether in interviews to print press or on TV. He should know the basics of crisis management and PR strategy, following his long tenure in the upper ranks of a U.S. entertainment giant.Second, the Wall Street Journal on Thursday said ByteDance was considering making changes to its corporate structure, including the creation of a new management board for TikTok or designating a new headquarters for the company outside of China. While it won’t make a huge difference as TikTok will be still owned by the China-based ByteDance, both are easy, low-hanging-fruit-type moves that would at least give the appearance of more autonomy. They should go ahead and announce the changes as soon as possible. It also wouldn’t hurt to remind the public of TikTok’s growing U.S. workforce.And finally, TikTok needs to forcefully defend itself against the Trump administration’s conjecture and allegations. Yes, it’s a bit of a tricky situation as any pushback can backfire if not done tactfully, but the company can’t afford not to respond. Further, it should hire an external, independent consulting firm to do a full security audit. Anything to assuage the security and privacy concerns would help as the pressure isn’t going away. Late Friday, Fox Business’s Charlie Gasparino reported the White House is looking at using the Committee on Foreign Investment review as possible way to ban TikTok by saying its prior acquisition of Musical.ly was illegal. ByteDance has been under review by the interagency committee in the U.S. for its 2017 purchase of the lip-synching startup.In many ways, TikTok’s situation is similar to the public relations frenzy over Zoom Video Communications Inc. in early April. At the time, the video-conferencing company — whose service had seen an unprecedented surge from business customers and other entities looking to connect under lockdown — faced an avalanche of scrutiny over its security and privacy practices, including its use of Chinese servers. In response, CEO Eric Yuan proactively made himself available for numerous media interviews and helped restore his company’s reputation. He conducted weekly webinars, hired security experts and did whatever it took to educate the public that fears concerning his company’s products were overblown and that Zoom had taken concrete steps to address the issues. The strategy appears to have worked, as Zoom has managed to both retain customers and attract more to its platform.TikTok should take note and do the same. Hunkering down and doing the bare minimum is not a great strategy.(The third paragraph of this column was updated to include information about Wells Fargo’s ban of the TikTok app on its employees’ work phones.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 3 Top U.S. Stocks to Buy in July
    Motley Fool

    3 Top U.S. Stocks to Buy in July

    FedEx (NYSE: FDX), Lululemon (NASDAQ: LULU), and Intel (NASDAQ: INTC) are all quietly making moves that set them up nicely for the future. Interestingly, FedEx and Lululemon have been able to adapt to COVID-19 realities and increase business, while Intel works behind the scenes to deliver advanced technology today. In 2019, FedEx cut ties with Amazon (NASDAQ: AMZN), causing many on Wall Street to shake their heads.

  • Wells Fargo Tells Workers to Remove TikTok App From Work Phones
    Bloomberg

    Wells Fargo Tells Workers to Remove TikTok App From Work Phones

    (Bloomberg) -- Wells Fargo & Co. said it asked employees to remove TikTok from their work phones due to concerns about the security of the social-video app.“We have identified a small number of Wells Fargo employees with corporate-owned devices who had installed the TikTok application on their device,” a spokesman for the bank wrote in an emailed statement on Friday. “Due to concerns about TikTok’s privacy and security controls and practices, and because corporate-owned devices should be used for company business only, we have directed those employees to remove the app from their devices.”U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance Ltd. Secretary of State Mike Pompeo recently told Americans not to download the app unless they want to see their private information fall into “the hands of the Chinese Communist Party.”Read more: Trump Says He’s Considering a Ban on TikTok in the U.S.TikTok has repeatedly denied allegations that it poses a threat to U.S. national security. “User security is of the utmost importance to TikTok – we are fully committed to respecting the privacy of our users,” a TikTok spokesperson wrote in an email.Earlier on Friday, Amazon.com Inc. also told employees to delete TikTok from mobile devices they use to access company email, but the e-commerce giant later said that was a mistake. The Information reported Well Fargo’s decision earlier.Read more: TikTok Mulls Changes to Business to Distance Itself From ChinaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Amazon’s Kuiper Satellite Plan Wins Backing of FCC Chair
    Bloomberg

    Amazon’s Kuiper Satellite Plan Wins Backing of FCC Chair

    (Bloomberg) -- Amazon.com’s plan for a fleet of 3,236 communications satellites won the backing of the U.S. Federal Communications Commission chairman, who said he had asked fellow commissioners to approve the venture.“Satellite constellations like this aim to provide high-speed broadband service to consumers in the U.S. and around the world,” Ajit Pai said in a tweet on Friday. Pai added that he had called for conditions on the proposed service by Amazon subsidiary Kuiper Systems without specifying them.Pai’s request is likely to result in approval in closed-door voting at the agency, where he leads a Republican majority.Amazon founder Jeff Bezos wants to launch the small satellites in low orbits to provide internet coverage. Separately, Space Exploration Technologies Corp., or SpaceX, has launched more than 480 of a planned 12,000 satellites; in October 2019, the company founded by Elon Musk sought permission for 30,000 more.The FCC coordinates coordinates trajectories and radio-frequency use.Amazon last year called Kuiper “a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet.”“There are still too many communities where internet access is unreliable or prohibitively expensive” and Project Kuiper will help close that gap, Dave Limp, Amazon senior vice president for devices and services, said in an emailed message. “We appreciate that Chairman Pai shares our commitment to the issue.”(Updates with comment from Amazon in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why The Shyft Group Stock Popped 14% Today
    Motley Fool

    Why The Shyft Group Stock Popped 14% Today

    Shares of The Shyft Group (NASDAQ: SHYF), an automotive company specializing in the manufacture of commercial delivery vans, and particularly vans designed to facilitate e-commerce deliveries, soared a staggering 14.1% in Friday trading after Reuters reported that the biggest e-commerce company on the block is placing a big order with Shyft. As Reuters explained, Amazon.com (NASDAQ: AMZN) is ordering 2,200 of Shyft's "Utilimaster" walk-in delivery vans. Indeed, according to the news organization, the order was apparently placed last year, and at least some of Shyft's trucks are already in Amazon's possession and have been "seen recently operating in Chicago."

  • Amazon Says Delete TikTok Email to Employees Was an Error
    Bloomberg

    Amazon Says Delete TikTok Email to Employees Was an Error

    (Bloomberg) -- Amazon.com Inc. said an email sent to employees instructing them to delete the social-media app TikTok from mobile devices they use to access company email was a mistake.In a statement Friday, the company said: “This morning’s email to some of our employees was sent in error. There is no change to our policies right now with regard to TikTok.”The online retailer had earlier instructed employees to delete the app by the end of the day. “Due to security risks, the TikTok app is no longer permitted on mobile devices that access Amazon email,” the initial message said. “If you have TikTok on your device, you must remove it by 10-Jul to retain mobile access to Amazon email.”U.S. officials have raised security concerns about TikTok, which is owned by Chinese company ByteDance Ltd. Secretary of State Michael Pompeo recently told Americans not to download the app unless they want to see their private information fall into “the hands of the Chinese Communist Party.”TikTok has repeatedly denied allegations that it poses a threat to U.S. national security.“User security is of the utmost importance to TikTok – we are fully committed to respecting the privacy of our users,” a TikTok spokesperson wrote in an email before Amazon said its message was sent in error.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist
    Yahoo Finance

    Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist

    The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.

  • Amazon tells employees to delete TikTok, then says email was 'sent in error'
    Yahoo Finance

    Amazon tells employees to delete TikTok, then says email was 'sent in error'

    Amazon has told employees to remove TikTok from their phones by Friday end of day, or lose access to their Amazon email.

  • Motley Fool

    5 Ways the Pandemic Is Imperiling Retirement

    In this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp reveal three lessons related to the unveiling of The Motley Fool's new logo, including one from the best-performing stock of the past 25 years. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.

  • The best gadgets for the beach and pool: Tech Support
    Yahoo Finance

    The best gadgets for the beach and pool: Tech Support

    Heading to the beach or pool? These are the best headphones, ereaders, and more to bring with you.

  • A president Joe Biden would be brutal for the stock market — for this simplest reason
    Yahoo Finance

    A president Joe Biden would be brutal for the stock market — for this simplest reason

    This market pro tells Yahoo Finance Joe Biden would not be good for investors. The explanation makes sense.

  • 3 New Industries Amazon Could Dominate by 2030
    Motley Fool

    3 New Industries Amazon Could Dominate by 2030

    Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before. CEO Jeff Bezos likes to say it's always Day One, and said in last year's shareholder letter, "Amazon today remains a small player in global retail," indicating he still believes there's plenty of opportunity for growth. In order to satisfy shareholder expectations, Amazon will have to execute on those opportunities.

  • The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify
    Zacks

    The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify

    The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify

  • Roku Has Upended the Cable TV Power Dynamic
    Motley Fool

    Roku Has Upended the Cable TV Power Dynamic

    Comcast (NASDAQ: CMCSA) is about 10 times as large as Roku (NASDAQ: ROKU) in terms of market cap. CNBC (owned by NBCUniversal) reported yesterday that NBCUniversal has been unable to finalize a distribution deal with Roku or Amazon.com for Peacock, which launches on July 15.

  • 3 Places Advertisers Are Still Increasing Spend Despite COVID-19
    Motley Fool

    3 Places Advertisers Are Still Increasing Spend Despite COVID-19

    Ad buyers expect overall ad spend to decline about 20% in the second half of 2020, according to a survey from IAB last month. Traditional media will see a decline in ad spend, but most digital advertising channels will grow considerably in the second half of 2020. 59% of connected TV advertisers expect to increase their spend in the second half of the year, according to IAB's survey.

  • Big, Pricey Changes Fuel Etsy Growth
    Motley Fool

    Big, Pricey Changes Fuel Etsy Growth

    Shopping online is hitting it big, and e-commerce platform Etsy (NASDAQ: ETSY) is finally positioned to take advantage of the wave. Prior to a massive restructuring in 2017, the company was falling deeper and deeper into the red, pressured by ballooning costs and big-name competitors like Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY). Put to the test by recent economic winds, Etsy is proving it truly does have what it takes to thrive -- at a price.

  • Cloud Service Demand Soars on Renewed Coronavirus Fears: 4 Picks
    Zacks

    Cloud Service Demand Soars on Renewed Coronavirus Fears: 4 Picks

    Tech companies have been aggressively expanding their cloud services, given that the coronavirus pandemic is far from over.

  • Where Will Macy's Be in 5 Years?
    Motley Fool

    Where Will Macy's Be in 5 Years?

    As was expected, Macy's (NYSE: M) didn't have a great go of it during the first quarter of fiscal 2020, which ended on May 2. It would be easy to chalk up Macy's latest struggles to COVID-19, but the chain's woes predate this latest crisis. The department store business model can't break out of the long and slow death spiral it's been stuck in, especially as the world pivots to digital sales and renders many real estate-heavy operations redundant.