Futures pointed to a flat open in Asia on the last trading day of the year following the moderately higher close seen stateside on Thursday. Wall Street closed slightly higher in the second-to-last trading session of the year, with the Dow Jones industrial average closing at a record high. The index on Thursday remained on […]
Read moreBitcoin might be all hype, but it could withstand a crash and become legitimate, particularly if it sees enough gains in 2018, according to tech investor Roger McNamee. Bitcoin is “still a very small market in the context of the larger financial world, but it has had a huge year. We’ve done it around a […]
Read moreFor a market dependent on synchronized global growth, investors may be betting too much that China will not rock the boat next year. Part of the S&P 500’s rally to record highs this year comes on the back of better economic growth around the world. A major contributor to that growth was stability in China […]
Read moreApple released a statement on Thursday addressing the company’s controversial decision to slow down older phones to protect battery stability. “We know that some of you feel Apple has let you down. We apologize. There’s been a lot of misunderstanding about this issue, so we would like to clarify and let you know about some […]
Read moreIf you’re thinking about what’s next for your career, consider taking the advice that Microsoft co-founder and self-described futurist Bill Gates has about the job market. He frequently works with inventors and industry disrupters, reads books about the future of humanity and funds projects to advance communities. And based on the data he’s collected, Gates […]
Read moreInvestors haven’t been big believers in Tesla the last few days. The stock is down 5 percent in the past week, and falling back into bear market territory after renewed fears over the company’s Model 3 production had investors hitting the sell button. As far as the stock’s future performance is concerned, it all comes […]
Read moreThis is what you call a year-end rally. Shares of wireless charging company Energous have more than tripled this week after the Federal Communications Commission certified the company’s “power-at-a-distance” transmitter. The Energous WattUp Mid Field transmitter can charge smartphones, watches, smart speakers and all sorts of other gadgets at a range of up to three […]
Read moreFor billionaire restaurateur Tilman Fertitta, the rise of cryptocurrencies like bitcoin has striking similarities to the dot-com bubble of the late 1990s. “I think it’s here to stay,” the founder and CEO of Landry’s told CNBC’s “Power Lunch” on Thursday. “It’s no different than anything new. Everybody forgets that if you put ‘.com’ at the […]
Read moreThe first pot shop licensed to sell recreational marijuana in California is stocking up to ring in the new year — and the new opportunity. Buddy’s Cannabis in San Jose has ramped up cultivation and hired additional employees in anticipation of the sales surge on Jan. 1, when recreational marijuana becomes legal. Owner Matt Lucero […]
Read moreUber and SoftBank came to a long-awaited tender agreement on Thursday, according to The Wall Street Journal, uniting one of the world’s most ambitious tech investing funds with one of the most valuable start-ups. The deal values Uber at $48 billion, according to the Journal. That’s about a 30 percent discount to the company’s $68 […]
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