The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Terry forecasted growth of 22 percent in e-commerce in 2016, and said having a distinct brand gives companies more leverage with customers in the lucrative market.
"Those are all things that can be sold by Amazon," Terry said.
However, luxury retailers still face a rocky road ahead as they balance increasing online sales with maintaining a network of brick-and-mortar stores. Ralph Lauren recently announced it was and cutting its full-time workforce by about 8 percent, steps that are expected to save the company up to $220 million a year in a move to become more nimble as it restructures. Both Nike and Ralph Lauren are down double digits in trading since January.
Terry also extolled "the strength of the pure plays" or companies that solely focus on internet sales. He noted that bigger internet retailers like Amazon have an inherent advantage in that they are able to invest larger sums in their fulfillment operations, while some start-ups must rely on third-party providers that can get constrained during busy periods.