StockMarketNews.Today – The Amazon Go store, which has no cashiers and allows shoppers to buy things with the help of a smartphone app, is widely seen as a concept that can alter brick-and-mortar retail.
Snap Inc is back at it with another line of new Spectacles eyewear to pair with messaging app Snapchat. This time, the tech brand is directly eyeing the fashion industry, dropping the new frames in time for New York Fashion Week.
StockMarketNews.Today – Snap (SNAP, +1.73%) clearly wants the fashion set to pick up on Spectacles this week, and it’s highly likely the frames will pop up on the social media feeds of fashion editors, models, front row celebrities, and influencers over the next week.
Xiaomi is trying to position itself as an internet company, asserting that it’s more than just a hardware maker because of the services it offers with its devices, such as music and video streaming apps.
StockMarketNews.Today – Xiaomi has posted a bumper profit in its first earnings report since going public last month. The Chinese smartphone maker said Wednesday it made 14.6 billion yuan ($2.1 billion) in the three months to June 30, beating industry estimates. Revenue grew 68% compared to the same period last year to 45.2 billion yuan ($6.6 billion).
U.S. President Donald Trump warned on Friday that he has tariffs ready to go on $267 billion worth of Chinese imports in addition to the $200 billion of the Asian nation’s goods already facing the risk of duties.
StockMarketNews.Today – Implementing both sets of tariffs would subject virtually all U.S. imports from China to new duties as the world’s two largest economies escalate their trade war over Trump’s demands that Beijing make major economic policy changes.