Peter Thiel sold the majority of his remaining Facebook shares this week, serving as a reminder of how much money he left on the table in a prior sale. According to a filing with the SEC on Tuesday, Thiel sold 73 percent of his remaining Facebook stock on Nov. 20, netting him $28.7 million. The […]
Read moreIn the wake of the Great Recession, the Fed needed every policy tool it could find. Quantitative easing, forward guidance of policy goals and targets, and lowering interest rates to 0 percent are the most obvious examples. Now, QE has ceased, and the Fed funds rate is back above 1 percent. In contrast, forward guidance […]
Read moreDespite recent disappointments over a possible T-Mobile-Sprint deal, investors should favor shares of T-Mobile and expect a buyback, according to JPMorgan. Calling the mobile provider “the best long-term idea in wireless,” analyst Philip Cusick told clients in a note that the company is likely to initiate a share buyback sooner than originally projected. Source: Investment […]
Read moreDrone racing is a booming business. So who makes a better drone racer? A robot or a human? NASA tested exactly that on October 12 and Tuesday announced the results of the competition: The world-class drone pilot was faster but the autonomous drone was more consistent. Drone pilot Ken Loo was brought in by the […]
Read moreFacebook users will soon be able to check if and when they followed Russia-sponsored accounts surrounding the 2016 presidential election, the company announced Wednesday. It’s another step — and so far, the most user-specific — in an effort to shed light on Russian meddling before and during the presidential election. Russian accounts were found to […]
Read moreUber made history and continues to do so by successfully disrupting a stale and often corrupt taxi industry across the world. But as Uber supplants one form of corruption, it’s clearly fallen victim to another. And if the company doesn’t clean up its act, the good it’s doing to unshackle people pinned down by the […]
Read moreTivo’s federal patent ruling victory against Comcast will lead to significant licensing payments for the company, according to one top Wall Street firm. JPMorgan reiterated its overweight rating for TiVo shares after the U.S. International Trade Commission ruled Tuesday Comcast’s set-top boxes infringed on two of Rovi’s patents, a company owned by Tivo. “We view […]
Read moreMicrosoft is discounting the Xbox One S, laptops and more for Black Friday. The savings are pretty considerable compared with regular prices, so we wanted to call a few that our readers might be most interested in. Some of these deals are already live, while others are available beginning on Thanksgiving. Microsoft is offering $229 […]
Read moreAmazon’s cloud business, in its march toward $20 billion in annual revenue, has nabbed top clients in areas ranging from energy and technology to financial services and government. Heading into its annual re:Invent conference in Las Vegas next week, Amazon Web Services has found a partner to help the company crack a massive industry that’s […]
Read moreAmazon sells several different models of the Amazon Echo, and choosing the right one for you or a loved one this holiday season might be a bit hard to figure out. CNBC will walk you through the differences between Amazon’s different Echo products, from the Echo Dot to the Echo Spot, so you know what […]
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