Bitcoin has again recovered quickly from a sharp drop. The digital currency briefly surged more than 9 percent Wednesday to a high of $7,251.81, according to CoinDesk. That’s within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over the weekend amid controversy over the […]
Read moreMicrosoft and privately held GitHub on Wednesday are separately unveiling tools that will make it easier for programmers to pair up and get work done together. Pair programming, a concept that goes back decades, is a controversial subject in the world of software development because not all developers are comfortable with having others see them […]
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THE strange 1970s revival in Britain has another twist. The main focus has been on the Labour party which, under Jeremy Corbyn, wants to return to the era marked by nationalisation and higher taxes. But in a sense the Brexiteers want to take Britain back to the 1970s too; to the “golden era” before 1973 […]
Read moreGeneral Motors Chief Executive Mary Barra is expected to tell investors on Wednesday that the automaker plans to launch a new family of electric vehicles in 2021 with batteries that will cost about 30 percent less than those used on the current Chevrolet Bolt. Barra’s presentation adds new details to what was known about GM’s […]
Read moreApple shares have crushed the market’s performance so far this year. But investors should not expect easy gains going forward, according to the newest Wall Street analyst on the stock. Wells Fargo’s Aaron Rakers began coverage on Apple shares with a market perform rating, saying the smart phone maker’s immediate prospects are more uncertain after […]
Read moreMobile payment company Square‘s willingness to test bitcoin on its app is “big” and could potentially drive the stock even higher, CNBC’s Jim Cramer said Wednesday. Shares of Square were 2.5 percent higher Wednesday, trading near $41 share, in the wake of the reports that the company is testing support for bitcoin through its Cash […]
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A downbeat outlook for oil demand from a top energy watchdog and fears of rising U.S. output sparked a sell-off in crude futures this week, but analysts say the market was already poised for a pullback. International benchmark Brent and U.S. West Texas Intermediate crude have both shed about $3 a barrel, or nearly 5 […]
Read moreAmazon is ironing out the final kinks in its cashier-free convenience store platform, according to a Wednesday report from Bloomberg. The company’s latest brick-and-mortar experiment, called Amazon Go, excises the checkout line from the supermarket experience by scanning customers’ smartphones upon entry and using mobile sensing technology to keep tabs on the items they remove […]
Read moreThe Consumer Product Safety Commission recalled hoverboards from several companies over concerns the devices could catch fire or explode. The series of recalls affects roughly 16,000 hoverboards from brands including iHoverspeed, Sonic Smart Wheels, Tech Drift, iLive, Go Wheels, Drone Nerds, LayZ Board and Smart Balance Wheel. All the brands of self-balancing scooters share a […]
Read moreChinese tech giant Tencent wants a closer relationship with Snap, the company’s president said on its earnings call Wednesday. “When we look at Snap’s business we continue to feel there’s a lot of engagement with the end users,” president and executive director Martin Lau told analysts. “That’s why we have taken up more shares and […]
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