If you’re in a new city on a business trip, riding in the back of an Uber or stuck in traffic, you can share your location with loved ones and colleagues so they know where you are and that you’re OK. I use these tools to avoid the “text me when you get home,” conversation […]
Read moreGoldman Sachs is cautioning its clients computerized trading may exacerbate the volatility of the next big market selloff. “One theory that has been proposed for why market fragility could be higher today is that because HFTs [high-frequency trading] supply liquidity without taking into account fundamental information, they are forced to withdraw liquidity during periods of […]
Read moreOil prices still have room to run after rallying to 3½-year highs, drilling pioneer Harold Hamm said Wednesday. The Continental Resources chairman and CEO said benchmark U.S. crude prices could still rise by about $10 from current levels near $72 a barrel. “We’re not looking at $100 oil in the future, or probably $90 oil, […]
Read moreDriverless ride-hailing services are available for some across the United States, and consumers will see those services grow throughout this year, Lyft Chief Strategy Officer Raj Kapoor told CNBC on Wednesday. Kapoor, whose company ranks No. 5 on CNBC’s sixth annual Disruptor 50 list, said the use of self-driving vehicles in the United States will […]
Read moreThe Federal Reserve will release minutes Wednesday of its meeting in early May that did not see an interest rate increase but apparently did feature some important in-depth discussion about the future of monetary policy. That may not sound very exciting on the surface, but market participants will be poring through the Federal Open Market […]
Read moreUber has teamed up with French insurer AXA to provide insurance protection for its drivers across Europe. The partnership expands on a scheme the two companies announced last year, offering French drivers insurance for medical expenses and accident cover. On Wednesday, Uber announced the new scheme, Partner Protection, will cover drivers for a range of […]
Read moreSales of new U.S. single-family homes fell less than expected in April, but data for the last three months was revised lower. The Commerce Department said on Wednesday new home sales dropped 1.5 percent to a seasonally adjusted annual rate of 662,000 units last month. March’s sales pace was revised down to 672,000 units from […]
Read moreFacebook is rolling out an update that lets you book people to fix things at your house. You can hire a plumber, a contractor, an electrician and house cleaning services. It’s an addition to Marketplace — its built-in Craigslist-style tool for selling and buying goods. Facebook said it’s working with three firms, Handy, Home Advisor […]
Read moreCisco on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in preparation for another massive cyber attack on Ukraine. Cisco’s Talos cyber intelligence unit said it has high confidence that the Russian government is behind the campaign, dubbed VPNFilter, because […]
Read moreFoxconn Industrial Internet, a subsidiary of the world’s largest contract manufacturer Foxconn, announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China’s biggest IPO in almost three years. The Foxconn unit, which is known as FII and makes electronic devices, cloud service equipment and industrial robots, is offering […]
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