Fundstrat’s Tom Lee on Friday became the first major Wall Street strategist to formally lay out his views on bitcoin. The digital currency could be worth as much as $55,000 by 2022, Lee said in a report titled “A framework for valuing bitcoin as a substitute for gold.” Bitcoin has more than doubled in value […]
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Brexit: A Norwegian solution for Britain does not appear forthcoming, says Norway PM
A “Norwegian solution” for Britain post-Brexit does not appear to be on the cards given London’s position concerning the so-called ‘four freedoms’, Norway’s Prime Minister Erna Solberg told CNBC on Friday. “I think we have very good working relations on the basis of not being members of the European Union but it does have as […]
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Trump: Look forward to 'positive things happening' from Putin meeting
President Donald Trump said Friday he anticipates “positive things happening” as he and Russian President Vladimir Putin talk at the G-20 summit in Germany. He spoke as the highly-anticipated first meeting between the two leaders began, but did not go into detail about which issues he would address. “President Putin and I have been discussing […]
Read moreOil supply could easily be threatened by geopolitical risks, and such a disruption could cause oil prices to skyrocket, experts tell CNBC. Neil Dwane, global strategist and chief investment officer of European equity at Allianz Global Investors, warned that oil production supply is looking threatened around the world. “Venezuela’s 2 million barrels of oil a […]
Read moreA former Google[X] exec is building technology that she says will make telepathy possible in 8 years
Imagine if telepathy were real: if, for example, you could transmit your thoughts to a computer or to another person just by thinking them. In just eight years it will be, says Openwater founder Mary Lou Jepsen, thanks to technology her company is working on. Jepsen is a former engineering executive at Facebook, Oculus, Google[x] […]
Read moreAmazon‘s offer to acquire Whole Foods for $42 per share wasn’t Jeff Bezos‘ first, according to new details revealed in a proxy statement filed by the grocery chain with the Securities and Exchange Commission Friday. In fact, it was more than what Amazon wanted to pay. Whole Foods said it received an initial written offer […]
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History shows that industrial stocks like United Technologies rally after large beats on the headline jobs figure. The nonfarm payrolls report Friday showed the addition of 222,000 jobs to the U.S. economy in June, topping the consensus estimate of 179,000 from economists polled by Reuters. That’s a beat of 43,000 jobs. Five trading days after […]
Read moreApple has Siri and Amazon’s got Alexa. Microsoft created Cortana and Alphabet launched the Google Assistant. The technology giants are racing to bring speech recognition to consumers through a host of mass-market devices and apps. But one company has been curiously absent: Facebook. While Mark Zuckerberg has pushed his app across the globe — last […]
Read moreInvestors are afraid there's a multibillion-dollar crack in one of the world's giant energy projects
One of the biggest, most expensive liquefied natural gas projects in history may have developed a physical crack — and the managing company isn’t answering questions from investors. They may have reason to worry. The crack, which is believed to be in a floating production storage and offloading (FPSO) unit, could add billions of dollars […]
Read moreApple says that Imagination Technologies, a chip designer that’s currently blaming Apple for its collapse, is essentially lying about how long the company was aware that Apple’s business plans would leave it behind. In a statement to Bloomberg this morning, Apple says it’s “disappointed in [Imagination’s] response, which has been inaccurate and misleading.” Imagination says […]
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