Blackstone’s Byron Wien, who’s been working on Wall Street for more than a half century, thinks the recent stock market weakness on diminishing prospects for President Trump’s business-friendly agenda is nothing for investors to panic about. “I’m worried he won’t get a lot of his program through, but offsetting that is the economy doing better […]
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Stocks have been surprisingly resilient in the face of bigger picture risks around the world, though some would argue that it isn’t all that surprising. There hasn’t been a significant pullback in the U.S. markets since the end of 2015 into early 2016, when the S&P 500 fell by around 14 percent between early November […]
Read moreCloudflare CEO Matthew Prince told CNBC on Friday his web service company ended its relationship with a neo-Nazi propaganda site once it became “a massive distraction.” On Wednesday, Cloudflare abruptly canceled the account of the neo-Nazi site The Daily Stormer after the site claimed that Cloudflare held “secret support” for its beliefs. The Daily Stormer […]
Read moreAs the political turmoil and high stock valuations in the U.S. create an uncertain market for investors, emerging markets appear to be facing a goldilocks global environment. Fairly synchronized growth recovery, low inflation and amply accommodative monetary policy in advanced economies have created a sweet spot for the developing nations. Indeed, growth is picking up […]
Read moreFor the past week, Uber’s board members have been embroiled in conversations over a thorny question: what to do about Benchmark, the venture capital firm that is one of the ride-hailing company’s largest shareholders. While Benchmark had long supported Uber’s management, the investor had recently turned against the company’s top echelons. In June, Benchmark helped […]
Read moreSeveral people were stabbed in the Finnish city of Turku, police said on Friday, adding they had shot at and arrested one person. People should stay away from the city center, police said on their Twitter account. The Turun Sanomat newspaper reported that at least one person was killed in the attack. Finnish police said […]
Read moreWhy did Goldman Sachs do so poorly trading in its second quarter earning report, while its competitors such as Morgan Stanley did better? That was the big question asked by many investors and we’re beginning to find out the reason. Wall Street Journal is reporting Goldman’s weak trading results were partly due to a bad […]
Read moreThe entity started by Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, to tackle big global problems is growing more like a tech startup than a typical charitable organization. A review of the Chan Zuckerberg Initiative’s own website and other online pages indicates it has just over 160 employees, with open positions for another […]
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The heart of Home is Essential’s operating system, Ambient OS. Rubin didn’t share much about the new software, but he did share his thoughts about how AI will become the next big operating system. “I think it’s AI. It’s a slightly different AI than we see today. Today we see pattern matching and vision tricks […]
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Rubin explained that his company, Playground, wants to focus on device margins, the way Apple does, in order to succeed. When he isn’t selling phones, he hopes consumers are buying accessories for their devices and other products from Essential. “Every 18-24 months that you get rid of your current phone and get the next one,” […]
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