Bitcoin and other digital currencies won’t entirely replace traditional currencies like dollars, venture capitalist Joyce Kim told CNBC on Wednesday. The SparkChain Capital co-founder said on “Squawk Box” that she does not believe “the tokens will become the money of the future for every single person for every transaction.” Kim, whose firm invests in blockchain […]
Read moreBillionaire star of ABC’s “Shark Tank” and tech entrepreneur Mark Cuban says the Dallas Mavericks, the NBA team which he owns, will soon accept bitcoin. A Twitter user asked Cuban Monday when it would be possible to buy basketball tickets with the cryptocurrency. “Next season,” the tech entrepreneur replied. Mark, when will I be able […]
Read moreGeneral Electric is likely breaking up its businesses as early as this spring and Wall Street is scrambling to evaluate which parts of the company have the legs to stand alone. Meanwhile, the sky continues to fall for GE and its value is going with it. Shares dropped 4 percent on Wednesday to just above […]
Read moreInvestors should heed Bank of America‘s warning on bitcoin and other virtual currencies, CNBC’s Jim Cramer said Wednesday. During a post-earnings call Wednesday morning, Bank of America CEO Brian Moynihan responded to a question about cryptocurrencies after the company banned financial advisors from buying bitcoin-related investments for their clients. “We have limited our relationships,” Moynihan […]
Read moreFacebook CEO Mark Zuckerberg wants Congress to resolve DACA recipients’ status and is asking his followers to help pressure lawmakers to make decisions soon. Zuckerberg wrote on his Facebook page Tuesday that there are 800,000 dreamers who are in limbo while their legal status is being negotiated. Though he said he was “optimistic” there will […]
Read moreFacebook, Google and Twitter told Congress Wednesday that they’ve gone beyond screening and removing extremist content and are creating more anti-terror propaganda to pre-empt violent messages at the source. Representatives from the three companies told the Senate Committee on Commerce, Science and Transportation that they are, among other things, targeting people likely to be swayed […]
Read more[The stream is slated to start at 10:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] Representatives from Google, Facebook and Twitter testified before the Senate Committee on Commerce, Science and Transportation about what they are doing to keep extremist content off their platforms. The companies […]
Read moreNetflix shares will thrive as the streaming giant builds on its original content and its international expansion, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Netflix shares, predicting better than expected subscriber additions during its fourth quarter, which it is scheduled to report on Monday. Daniel Ives, GBH Insights’ […]
Read moreInvestors looking at bitcoin’s drop of nearly 50 percent from last month’s all-time high above $19,000 should not enter the market for the first time with get-rich-quick aspirations, a cryptocurrency entrepreneur with big-name backers warned on Wednesday. “If people are going to day trade cryptocurrencies, and they don’t know what they are going, they’re going […]
Read moreThe nation’s homebuilders are taking a step back from their tax cut euphoria and starting the year on a slightly less sanguine note. Builder sentiment fell 2 points to 72 in January, according to a monthly survey from the National Association of Home Builders (HMI). The downward move comes after the measurement hit an 18-year […]
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