Spanish authorities are leaving separatists in Catalonia no option but to push ahead with declaring independence and proclaiming the region as a new republic, the region’s vice president asserted Wednesday. In an interview with The Associated Press, Vice President Oriol Junqueras said his party — one of two in the separatist coalition now governing Catalonia […]
Read moreOverstock.com‘s majority-owned subsidiary tZero plans to raise up to $500 million in what could be the largest initial coin offering ever. Initial coin offerings, or ICOs, are sales of new digital coins for projects based on the blockchain technology of digital currencies bitcoin and ethereum. Technically anyone with an internet connection and bitcoin or ethereum […]
Read moreTraders are seeing something they haven’t seen in a while: more volume and more volatility. The recent rise in interest rates is the initial catalyst. The 10-year yield is at the highest level since mid-March after a strong durable goods report and speculation that Stanford economist John Taylor is a stronger possibility to be named […]
Read moreThe tech giants are too big. They’re getting bigger. We can stop them. But in all likelihood, we won’t. The history of American business is one of repeated cycles of unfettered, sometimes catastrophic growth followed by periods of reflection and regulation. In previous eras of suffocating corporate dominance over our lives — when industrialists gained […]
Read moreAmazon wants the key to your home, and at least some Prime customers are hesitant to relinquish access so quickly. But one tech investor says the security question posed by Amazon’s new delivery service isn’t anything new. “There’s definitely going to be a learning curve and a behavioral change, but humans are very good at […]
Read moreOne investment bank is urging investors to prepare for the U.S. economy to roll over as early as 2018. “The US economy will in all likelihood slow down substantially: there is a limit to the rise in the participation rate and the employment rate; real wages are slowing down,” wrote Patrick Artus, chief economist at […]
Read moreAirbnb has raised almost $4.5 billion in 12 rounds of funding. The online travel platform has a lot of investors who are expecting a payout. That has made Airbnb’s impending IPO one of the most hotly anticipated. But Airbnb CEO Brain Chesky is taking the advice of legendary investor Warren Buffett, who told him “get […]
Read moreBond yields snapped higherin a sell-off fueled by stronger-than-expected U.S. economic data, and the expectation that central banks are moving into an era when policy will no longer be so easy and interest rates will head higher. Treasury yields move opposite price, and the 10-year yield was as high as 2.47 percent Wednesday, the highest […]
Read moreEmployee dismissals at Tesla are continuing, according to six former and current employees, and have spread from its motor division to SolarCity offices across the U.S. Echoing reports from earlier this month, these SolarCity employees say they were surprised to be told they were fired for performance reasons, claiming Tesla had not conducted performance reviews […]
Read moreThe White House plans to ask the U.S. Congress for a third round of disaster aid in mid-November as the costs continue to pour in for helping rebuild after hurricanes, but Budget Director Mick Mulvaney has told lawmakers he wants to see spending cuts elsewhere. Mulvaney said the federal government is assessing how much it […]
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