A U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates. A unanimous three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco sided with a lower court ruling […]
Read moreElon Musk lives what most would consider an insanely intense life. He’s currently a self-made billionaire 15 times over. And at 46, he’s the CEO of both electric carmaker Tesla and space exploration company SpaceX. He’s also the co-founder and chairman of artificial intelligence research non-profit OpenAI. In just the last year, hestarted Neuralink to […]
Read moreThe U.S. Transportation Security Administration said on Monday it had lifted a ban on passengers on Saudi Arabian Airlines carrying large electronics like laptops onboard U.S.-bound flights, the last carrier under the restrictions. In March, U.S. officials imposed restrictions on passengers carrying laptops and other large electronic gear in cabins on nine airlines, most of […]
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Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday. The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil fields will increase production by 113,000 barrels a day next month. Total output from these areas is expected […]
Read moreAs the head of the world’s largest asset management firm sees things, ETFs will be playing an ever-increasing role in investor portfolios in ways that the financial world never saw coming. Whether it’s getting a toehold in mortgages, developing new hedging strategies or simply trying to generate outperformance, BlackRock CEO Larry Fink believes growth of […]
Read moreAs ridiculous as it sounds, Monday is celebrated as World Emoji Day. That’s because July 17 is the day that appears on the iPhone emoji for “calendar.” The day was picked because it’s the birthday of Apple’s iCal product. Emojis, those digital images people send each other by text and social media, reflect the changing […]
Read moreLongtime stock market bear David Tice is easing up on the growls. The president of Tice Capital, known for having run the Prudent Bear Fund. is closely associated with his ursine views. In fact, his own website declares that he “has taken the role of a Cassandra to warn investors about the dangers of investing […]
Read moreCorporate earnings this week will decide the fate of the stock market’s run to record highs, “Mad Money” host Jim Cramer said Monday. And “if it’s going to decide the fate, I think it’s gonna be good because we have so many top-quality companies reporting this week,” Cramer said on CNBC’s “Halftime Report.” U.S. stocks […]
Read moreBillionaire hedge fund manager David Einhorn, who is known for his prescient short bets against stocks like Lehman Brothers, is not happy high-flying cult stocks are crushing the market this year. The investor told his clients he is “frustrated” with the performance of his bets against technology companies such as Tesla and Amazon, which he […]
Read moreAmazon Web Services is thinking about building software for corporate data centers as part of its recently formed partnership with VMware, according to a report on Monday. The work could make it easier for companies to migrate applications between their data centers and Amazon’s server farms and make it easier to recover data from Amazon […]
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