JPMorgan Chase Chairman and CEO Jamie Dimon can’t stop talking about bitcoin. “If you’re stupid enough to buy it, you’ll pay the price for it one day,” Dimon said in response to a moderator question at an Institute of International Finance conference Friday. The CEO said he could care less about what bitcoin trades at. […]
Read moreJet-setters hoping to catch a ride on a Tesla-of-the-sky will have to be patient. Early investors are pouring tens of millions of dollars into electric, autonomous and vertical-takeoff-and-landing (VTOL) concepts like Zunum Aero, Volocopter and Aurora Flight Sciences. But Jim Harris, aerospace and defense partner at Bain & Company, says consumers will have to wait […]
Read moreCurrency, United States Finance
Italian bank CEO to Bridgewater’s Ray Dalio: You will lose your multi-million bet against my company
Intesa Sanpaolo CEO Carlo Messina has said a multi-million bet against his company is doomed to fail. The world’s largest hedge-fund firm Bridgewater Associates, has mounted a reported $713 million wager against Italian financial stocks. Its biggest bet is calculated to be against Intesa Sanpaolo. The short position, which aims to profit on a fall […]
Read moreMicrosoft CEO Satya Nadella has spent the past 25 years of his career working at the software giant. But he says he learned a critical lesson about leadership not during his time as an executive in the tech industry, but from his experience playing high school sports in India. As a junior at Hyderabad Public […]
Read moreNvidia shares will soar due to the company’s booming chip sales in new high-growth technology markets, according to a one Wall Street firm. Needham reiterated its buy rating for the chipmaker’s shares and raised its price target to match the highest of the 34 research shops that cover the stock, saying Nvidia’s products will dominate […]
Read moreThe self-driving cars are coming, and US cities are totally unprepared for the radical changes that will accompany them. Their roads are crumbling, their public transportation services are out-of-date and over-capacity, and their car traffic is among the worst in the world. Autonomous vehicles are supposed to be a panacea for mobility, but if they […]
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Mapboxraised a $164 million round led by Softbank Vision Fund and joined by the company’s earlier backers including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. The start-up’s technology helps businesses build location services into their websites and mobile apps. CEO Eric Gunderson told CNBC, “We have over 350 million people [using] our maps.” […]
Read moreTwitter CEO Jack Dorsey publicly responded to the controversy about actress Rose McGowan’s social media account being suddenly suspended on Thursday, taking some measure of responsibility for the outrage. “We need to be a lot more transparent in our actions in order to build trust,” Dorsey tweets. Dorsey also admits that Twitter “needs to do […]
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GLEN HAUENSTEIN, the president of Delta, is optimistic about the future of basic economy. On a conference call this week, he boasted that the stripped-down airfares actually act as an incentive for passengers to upgrade to the more expensive standard economy tickets. Despite Mr Hauenstein describing it as a product that “people don’t really want”, […]
Read moreAdvertising companies are increasingly talking about discrepancies between Facebook‘s measurements and outside information, highlighting a digital industry-wide problem over advertising standards. “We get concerned with how much money we placed there and how effective our marketing dollars are,” said CEO Bill Abbott of Crown Media Family Networks, which runs the Hallmark Channel. “It’s a big […]
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