Food delivery service Munchery is making money on every delivery on every city, CEO James Beriker told CNBC. “All our markets are contribution margin positive,” Beriker said. “That means we make money on everything we make.” Munchery creates prepared meals in its centralized kitchens, then delivers them to customers. The start-up, which has raised more […]
Read moreA group of scientists say they have developed a method for predicting volcanic eruptions using satellite data. If their work progresses, they say scientists will be able to forecast eruptions just as meteorologists forecast the weather today. This could be especially useful for creating early warning systems and evacuation plans for towns and cities situated […]
Read moreBMW plans to introduce an electric version of its popular 3-Series line of cars at a German auto show in September, according to German news outlet Handelsblatt Global. Handelsblatt said sources inside BMW said the company will unveil the car at the Munich Auto Show in autumn. BMW was not immediately available for comment. The […]
Read moreCybersecurity stocks are soaring as a vicious new form of malware has left thousands of computers grounded. Many cyber-security companies saw their stocks rally on Wednesday as the “Petya” ransomware program immobilized more than 12,000 computers from companies around the world in order to extort money from their owners, according to numbers from Microsoft. After […]
Read moreIf you ever wanted to get inside the heads of wildly successful CEOs to figure out what makes them inspiring leaders, a recently released study from job search firm Paysa may help. The company, which used data from IBM’s supercomputer Watson, performed an analysis of Facebook CEO Mark Zuckerberg and other tech leaders to determine […]
Read moreApple executives have said they will steer clear of touchscreen computers — but they have actually had a design for one for over a decade, according to an interview in Wired. Tony Fadell, known for his role in creating the iPod, told Wired that Apple had several different prototypes that came together to make the […]
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Despite a relatively robust economy and a markedly low level of unemployment, inflation remains muted both in the United States and around the world. Why? While granting that demographic shifts are part of the equation, BlackRock’s chief investment officer of global fixed income, Rick Rieder, argues that technological innovation tamps down profoundly on widespread price […]
Read morePresident Donald Trump‘s morning tweet about Amazon will likely have no impact on the company, Baron Funds Portfolio Manager Michael Lippert told CNBC on Wednesday. “To me it is honestly just noise,” Lippert, whose fund owns shares of Amazon, said on “Halftime Report.” The portfolio manager spoke after Trump claimed that Amazon wasn’t “paying internet […]
Read moreGoogle looked to sell its Nest connected-home unit in 2016, just two years after buying the high-profile startup for $3.2 billion, according to Reuters. Alphabet had an internal project known as Project Amalfi, that looked to sell Nest in early 2016. It failed to find a buyer, however, and former Nest employees now complain of […]
Read moreGoldman Sachs told its clients to ignore a widely-followed way to value the stock market used by Warren Buffett. “With interest rates near multi-century lows, the so-called ‘Fed model,’ which compares earnings yields to bond yields, retains a powerful grip on the ‘valuation narrative’ in the equity market,” strategist Charles Himmelberg wrote in a note […]
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