Warning signs in today’s tech sector are reminiscent of the dotcom boom of the late 1990s that eventually went bust, market veteran Jim Paulsen told CNBC on Friday. The current “character and attitude of the marketplace” are similar to the belief then that “tech can’t lose,” said the chief investment strategist at The Leuthold Group. […]
Read moreFacebook chief operating officer Sheryl Sandberg addressed the Massachusetts Institute of Technology Class of 2018 Friday and stressed the importance of using technology for human good. Sandberg encouraged the graduating class, comprised of over 4,500 undergraduates and 6,900 graduate students, to use education and innovation as a means to foster democracy and equality. Sandberg, author […]
Read moreOver the past few decades, globalization has bound countries together into a global supply chain encompassing finished products, parts, agricultural products, food products and energy. But a commingling of seven well-known tech trends will soon make it inconceivable to manufacture a product in China, ship it 7,000 miles to Long Beach, and then truck it […]
Read moreAdvanced Micro Devices has been on a tear this year, but options traders are betting the rally is about to cool off. Shares of AMD were ripping higher Friday afternoon, jumping more than 2 percent, and now up more than 45 percent year to date. However, “Options Action” trader Mike Khouw notes bearish activity in […]
Read moreDeep in a tangle of planning bureaucracies in western Beijing, the future of a country nearly 3,000km away is under discussion. Xie Qiuye, president of China’s Electric Power Planning & Engineering Institute, has been charged with developing an electricity plan for Laos, a nation struggling with a glut of electricity supply from Chinese-built dams on […]
Read moreThe U.S. economy is heating up as the year progresses, with the second quarter pointing towards some of the gaudy growth that President Donald Trump predicted when he was running for president. In its most recent forecast, the Atlanta Fed said the three-month period is tracking at a 4.6 percent gain, exactly double the 2017 […]
Read moreVerizon‘s pick of Hans Vestberg as its next CEO shows that the top U.S. wireless carrier by subscribers is focusing on developing 5G instead of spending big on content like its rival AT&T — and it’s banking on an outsider to do it. Vestberg, the company’s chief technology officer, will succeed Lowell McAdam, who has […]
Read moreJapan, which just months ago had tens of thousands of Airbnb and home-sharing properties available, has approved only about 150 before a new law kicks in next week, meant to bring order to the market and create more lodging options for foreign tourists. The private temporary lodging, or “minpaku,” law, which comes into force on […]
Read moreInstagram is gunning for YouTube with a plan to allow longer-form video, according to the owner of an influencer network whose clients have talked with the Facebook-owned company, as well as numerous media reports. Allowing long video could help Instagram court social media stars and their millions of fans to use its platform as their […]
Read moreCurrency, United States Finance
Start-up tests virtual reality as drugless alternative for pain relief
The very thought of visiting a hospital emergency department is stressful enough for many people, even without the discomfort or pain of an examination or treatment. Enter an immersive virtual-reality program created by three graduates being used in France to relax patients and even increase their tolerance of pain — without resorting to drugs. “What […]
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