Amazon’s apparel business could grow to as much as $85 billion in sales by 2020

Amazon.com Inc. may already be the largest apparel retailer and could still grow to sales between $45 billion and $85 billion by fiscal 2020, according to Instinet analysts. Instinet analysts led by Simeon Siegel estimate overall apparel and accessories sales at above $1 trillion with “above average” online penetration and “leading gross margin” compared with […]

SoftBank’s Saudi Ties Could Mean Cash After Kingdom’s Crackdown

Crown Prince, key backer of Vision Fund, consolidating power But a reversal may raise questions about continued investment  Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s […]

Bitcoin Futures Surge As Cboe Trading Starts In Cryptocurrency Milestone

Bitcoin futures launched on Cboe Global Markets Sunday, with the cryptocurrency surging. January Bitcoin futures rose 15% to $17,840 in active trading. Bitcoin’s big 2017 run has intensified in recent weeks, rapidly rising from $10,000 to last week clearing $17,000 last week — above $19,000 on some spot-price platforms — before pulling back. Bitcoin was trading at $16,270.93, CoinDesk, […]

Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom

Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom Sarath Ratanavadi’s Gulf Energy plans to add power plants Gulf’s IPO is turning Sarath into newest Thai billionaire Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht ($4.6 billion) of investment in power plants over the next four years after the company’s listing this […]