Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday. Tweet: Hello 70 million subscribers Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018. Spotify […]
Read moreChina’s fears of a financial crisis will spur Beijing to keep the country’s growth target in check, a widely followed China expert said Friday. “Their top priority is to prevent a financial crisis, so the government is looking for any pockets (of risk) that might be a trigger,” independent economist Andy Xie told CNBC’s “Squawk […]
Read moreAll signs and numbers point to a huge year for the construction industry. Even in December, with much of the nation frozen, the construction industry added 30,000 jobs, according to the Bureau of Labor Statistics. For all of 2017, construction added 210,000 jobs, a 35 percent increase over 2016. Construction spending is also soaring, rising […]
Read moreFour months after India and China deescalated a Himalayan border spat, Beijing appears to be ramping up the pressure in another territory disputed by both countries. India considers Arunachal Pradesh, lying east of Bhutan, to be one of its 29 states, but China claims the area as part of southern Tibet. The territory, a key […]
Read moreA cryptocurrency that was created as a parody and named after an internet meme now has a market value of more than $1 billion. Data from CoinMarketCap showed dogecoin’s current market value is about $1.09 billion — as of Jan. 5, 9:52 a.m. HK/SIN — and traded at $0.009717 per token. Last month, the virtual […]
Read moreNorth Korea has reportedly accepted South Korea’s offer for talks on January 9, the latest event in a significant week for inter-Korean relations. Citing Seoul’s Unification Ministry, Reuters said on Friday that bilateral discussions will focus on the Winter Olympics as well as “other issues of mutual interest.” South Korean President Moon Jae-In’s administration on […]
Read moreUber’s cofounder and former CEO Travis Kalanick is planning to sell $1.4 billion of stock in the company, or 29 percent of his stake, a source familiar with the arrangement told CNBC. Kalanick, who resigned as CEO last summer following controversy, would sell his shares as part of a tender offer between SoftBank and Uber […]
Read moreSports apparel seller Billabong International said on Friday it had entered an agreement with Boardriders for the U.S.-based firm to buy the Australian company for about 197.7 million Australian dollars ($155 million). The bid of A$1 per share made by Boardriders, formerly known as Quiksilver, represents a premium of 4.2 percent to Billabong’s closing price […]
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After a week of bone-chilling temperatures across much of the United States, a massive winter storm pounded the Eastern Seaboard, forcing millions outside to shovel their driveways. Shoveling snow is not only a chore, its’ also dangerous. A national study found that between 1990 and 2006 there were 11,500 snow shoveling-related injuries each year, according […]
Read moreApple on Thursday said it will be releasing more software updates to protect against recently disclosed security vulnerabilities. This marked the first time that the company had made a formal statement about the Meltdown and Spectre vulnerabilities, which were reported to affect phones, servers andPCs. Apple said that recent updates to its iOS, macOS and […]
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