Here's How Amazon Is Positioning its Etsy Competitor; And Why Party City Isn't Worried About the Shift to Digital

Here's How Amazon Is Positioning its Etsy Competitor

Amazon Handmade is the e-commerce giant's answer to Etsy. Head of Marketing Katie Harnetiaux says its differentiator is the company's Prime service and the ability to reach out to artisans and quickly provide logistics. 

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Why Party City Isn't Worried About the Shift to Digital

As retailers struggle with the shift from brick-and-mortar to digital, Party City's planning on opening 300 more stores in the next five years. CFO Daniel Sullivan says his category benefits from the in-store experience.

How ForeScout Differentiates from the Cybersecurity Pack

Chief Strategy Officer Pedro Abreu says ForeScout's offer of an "agentless" technology is key for the IoT industry. Abreu spoke to Cheddar after its IPO on Oct. 27, 2017.

Why Actor John C. McGinley Says Now's the Best Time to Be in Hollywood

McGinley agrees that we're living in a golden age of entertainment and television. The reason? "Just like movies, everything's driven by writers." 

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BIG TECH GETS BIGGER:

Shares of Amazon, Microsoft, Intel and Google parent Alphabet soared on Friday after the tech giants reported quarterly earnings. All four stocks closed at record highs, and together they added a combined $150 billion dollars to their collective market cap. And the jump in share price also padded the pockets of the companies' top brass. Amazon CEO Jeff Bezos, who owned about 80 million shares in the online retail giant as of August, saw his net worth rise by $10 billion! That makes him, once again, the richest man in the world. The man he passed? Microsoft co-founder Bill Gates, who added another $600 million to his own bank account Friday. Bezos briefly passed Gates back in July, just before the company's last earnings report. He's now worth well over $90 billion.

JCPENNEY SHARES PLUNGE ON PROFIT AND SALES FORECASTS:

The retailer said it's "resetting" its inventory, after sales were reportedly stagnant, even with major discounts ahead of the holiday season. The company also slashed full year forecasts, now saying it will earn two to eight cents per share, a big drop from its original 40 to 65 cents per share forecast. Full-year comparable sales will likely be flat, as opposed to the expected one percent increase. JCPenney is just one example of a department store struggling to keep up as consumers go online. Macy's and Kohl's also fell on Friday's news.

APPLE POPS ON STRONG IPHONE X PRE-ORDERS:

The company's shares jumped Friday after a spokesman said pre-orders for the iPhone X were "off the charts." Some reports early Friday said Apple sold out of the $1,000 smartphone in just ten minutes! The tech giant has been dogged by concerns over whether it will be able to produce enough devices to meet demand. Earlier this week, Apple denied claims it had to decrease the accuracy of its new Face ID system in order to get the phones manufactured.