Microsoft employees are taking to the trees. The company has built treehouses, with embedded tech, on its Redmond campus to serve as meeting spaces and a more casual work environment. “With their workspace turned inside out and meetings taking place up in the foliage employees are figuring out how to rethink what working looks like,” […]
Read moreShares of hospital operators and health insurers took a plunge in trading Friday after the White House killed key Obamacare payments to health insurers. Tenet Healthcare was a big loser among hospital stocks, dropping nearly 5 percent, while insurance provider Molina Healthcare fell more than 4 percent. President Donald Trump announced late on Thursday the […]
Read moreShares of electric utility company PG&E plunged 7.7 percent Friday on concerns its power lines may have started the massive wildfires that have ravaged California recently. The stock was also on track for its worst day since September 2010. The California Public Utilities Commission sent a letter on Thursday to PG&E — California’s largest electrical […]
Read moreFischer’s resignation takes effect Friday, a move he announced in September that he attributed to “personal reasons.” His departure comes two days before his 74th birthday. Former President Barack Obama nominated Fischer to the Fed in October 2014. During his tenure, the central bank began its first steps toward policy normalization after the extreme accommodation […]
Read moreWith stock market indices setting new records weekly, some nervous investors are wondering how much longer prices will head higher. There are multiple forces that could derail the current rally, from rising interest rates to the next global crisis. But if history is any guide, an ongoing rebound in the global economy is likely to […]
Read moreThough Amazon has promised steep discounts at Whole Foods stores, now that it owns the organic supermarket chain, Costco still reigns supreme in the ongoing grocery price wars, according to JPMorgan. “[Costco] offers an unquestioned value prop with the best pricing, curated assortment, strong private label offering, and treasure hunt atmosphere,” JPMorgan analyst Christopher Horvers […]
Read moreFrom July to mid-September, North Korea launched five missile tests, including two intercontinental ballistic missiles. More recently, the North Korean threat has taken a backseat to hurricanes and tax reform as stock market triggers, and major indexes are touching new record highs. But “Little Rocket Man” will be back, as will headlines attributing short-term volatility […]
Read moreGoogle and the country’s biggest brick-and-mortar retailers have one main problem in common: Amazon. Now both sides are acting like they are serious about working together to do something about it. On Thursday, Target and Google announced that they are expanding what was a years-old delivery partnership from a small experiment in a handful of […]
Read moreAmazon and Google occupy a huge portion of the corporate psyche. Both have long elicited fear, admiration and inspiration as evidenced by the frequency with which both companies are cited on conference calls across industries. But Amazon has replaced Google as the corporate boogeyman. Amazon was mentioned 2,090 times this year on publicly available corporate […]
Read moreBlack lawmakers will visit Silicon Valley to press Facebook, Twitter and others to improve diversity
A pair of powerful black lawmakers in the U.S. Congress will visit Silicon Valley next week to push companies like Airbnb, Facebook, Twitter, Lyft and Uber to improve diversity. Beginning Monday, the two Democratic pols — Reps. Barbara Lee and G.K. Butterfield — plan to stress in meetings with those five tech giants and others […]
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