As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
Investor Jim Chanos is betting against GrubHub, and said the food delivery company makes almost nothing per order.Delivering Alpharead more
"We sell the most mission-critical identity security to the largest global enterprises around the world," says Ping Identity CEO Andre Durand.Marketsread more
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."Delivering Alpharead more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
Microsoft has new services that can provide gaming revenue on top of console sales.Technologyread more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm's position in struggling General Electric.Delivering Alpharead more
Shares of FitBit shed more than 11 percent on Thursday, after Pacific Crest downgraded the wearable fitness device maker to "underweight" from "neutral."
The stock saw its worst day since May 5 when it fell 18.83 percent.
Brad Erickson, an analyst for Pacific Crest, said in a note to clients on Wednesday that sales for FitBit's new flagship product, Charge 2, was off to slow initial sales and recommended investors to sell their shares.
FitBit announced the release to major retailers worldwide in a press release on Monday.
Erickson acknowledged that the Charge 2 may ramp up more sales as the holiday season nears, but the rates still lie well below what the Blaze and Alta models had when they were released earlier this year.
FitBit continues to face stiff competition in the wearable devices industry from products like the Apple Watch. Apple just released a new generation of its watch earlier this month with waterproof features.
The stock closed at $14.82 on Thursday and is down nearly 50 percent year to date.