Lowe's CEO Robert Niblock to retire

Lowe’s CEO Robert Niblock to Retire

Lowe’s Co. said Chief Executive Robert Niblock will retire after 25 years at the company, potentially giving an activist investor even more influence over the future of the home-improvement retailer. The announcement comes one week after three new directors joined the company’s board following assertions from activist investor D.E. Shaw & Co. that Lowe’s had […]

Amazon market cap could hit $1 trillion in 12 months, Dan Ives says

Amazon could hit a $1 trillion market cap in 12 months, tech analyst says

Amazon could hit $1 trillion in market cap in the next 12 to 18 months, analyst Dan Ives said Monday. The GBH Insights analyst raised the price target for the e-commerce giant to $1,850 from $1,500. “The Prime membership moat that [CEO Jeff] Bezos & Co. have built is gaining further steam in the field, […]