Airbnb is adding Ken Chenault, outgoing CEO of American Express, to its board, said CEO Brian Chesky in an open letter. “Airbnb is built on trust. As the CEO of American Express, Ken has built one of the most successful trust-based companies in the world,” Chesky wrote. Airbnb is preparing for an IPO. Chenault will […]
Read morePresident Donald Trump told CNBC that Apple’s recent investment announcement helped inspire his appearance at the World Economic Forum this week in Davos, Switzerland. In an interview that aired on “Power Lunch,” Trump said that he was “honored” by an investment announcement by Apple CEO Tim Cook. “You remember my campaign: I said I won’t […]
Read moreHedge fund kingpin Ray Dalio ripped Treasury Secretary Steven Mnuchin‘s advocacy of a weak dollar, saying the position threatens the economic recovery. In a brief LinkedIn post Thursday, the Bridgewater Associates head said a soft currency is exactly what the U.S. doesn’t need right now. Dalio described a weak dollar as “a hidden tax on […]
Read moreBlue Origin engineer Tim Ellis and SpaceX engineer Jordan Noone launched a space start-up together at the end of 2015. The two aerospace techies have a lot of brains between them, but they needed capital for lift off. “We actually raised our seed round from Mark Cuban — which was a cold email — a […]
Read moreUnion Pacific shares dropped more than 5 percent Thursday after it announced its operating ratio rose in the fourth quarter, a disappointment as the rail giant aims to boost efficiency. Union Pacific is targeting a 60 percent operating ratio by 2019 but saw the measure rise 0.6 points to 62.6 percent in the fourth quarter. […]
Read moreA multibillion-dollar hedge fund is not high on marijuana stocks. Lakewood Capital Management, led by Anthony Bozza, revealed short positions in Canopy Growth and Aurora Cannabis, according to the firm’s fourth-quarter investor letter sent Wednesday and obtained by CNBC. The firm has about $5 billion in assets under management. “It has been hard to come […]
Read moreIsraeli Prime Minister Benjamin Netanyahu admitted to creating stronger strategic alliances with Arab countries in the wake of an emboldened Iran, calling it “an extraordinary thing” that he has not seen in his country’s entire history. “There is an alliance between Israel and other countries in the Middle East that would have been unimaginable years […]
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Connor McGregor, the mixed martial artist and boxer, uses sensors from a tech start-up called Hykso to measure his performance and technique. So does MMA fighter Daniel Cormier, as well as boxer Vasyl Lomachenko and the U.S. Olympic boxing team. Hykso is now moving beyond punch tracking hardware and is bringing on-demand training videos to […]
Read moreBiogen shares briefly rose 3 percent Thursday after the U.S. drugmaker reported better-than-expected quarterly revenue and an upbeat 2018 forecast. The Massachusetts-based biotech company also said it agreed to buy an experimental brain disorder drug for up to $217 million, a notable purchase as some on Wall Street speculate whether the company could be near […]
Read moreLanding Amazon’s $5 billion new headquarters and its 50,000 tax-paying workers would be quite the coup. And possibly quite the headache. Officials and civic organizers in some of the 20 cities now vying to win Amazon’s choice for its second headquarters are sounding alarms that accommodating this tech talent invasion could put a big strain […]
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