The upcoming sixth season of “House of Cards” will be its final season, a Netflix spokesperson confirmed to CNBC. The news of the series conclusion comes a day after allegations of unwanted sexual advances surfaced against lead actor Kevin Spacey. Actor Anthony Rapp told BuzzFeed the Oscar-winning actor made a sexual advance towards him when […]
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A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal said, citing a letter to […]
Read moreThe telecom mega-deal combining T-Mobile and Sprint is running into governance and pricing issues, sources say. The pair are struggling over these issues in talks, but Softbank, which controls Sprint, is not planning to withdraw from the deal talks as soon as Tuesday as some reports suggest, these sources say. Nikkei earlier reported the point […]
Read moreAmazon‘s search for a second headquarters called “HQ2” has created a bidding frenzy over the past two months, drawing 238 proposals from across the North American region. While it remains unclear what city Amazon will pick, analysts at Baird Equity Research believe Washington D.C. has one major edge over others: current number of job openings. […]
Read moreJigsaw — one of the many mini-companies inside Alphabet — is helping to lead the search giant’s charge against so-called fake news, according to profiles published in Fast Company. Jigsaw calls itself an incubator that tackles the “toughest global security challenges facing the world,” including curbing online harassment and censorship. The group is led by […]
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The merger negotiations to combine Sprint and T-Mobile are in jeopardy, according to a Nikkei report Monday. “SoftBank Group plans to break off negotiations on a merger between subsidiary Sprint and T-Mobile US amid a failure to agree on ownership of the combined entity,” the Japanese financial news agency said. Nikkei said the point of […]
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One of the best-performing tech stocks this year is testing a critical level, and it could be a make or break moment for the stock’s incredible run, according to one technician. Alibaba share prices have more than doubled this year, but Matt Maley of Miller Tabak warns the stock looks vulnerable heading into earnings on […]
Read moreIntel shares will rise due to a cost cutting and a more reserved acquisition strategy, according to one Wall Street firm. BMO Capital Markets raised its rating for Intel shares to outperform from market perform, predicting the company will generate higher profitability next year. The company’s shares are down slightly Monday afternoon despite the report. […]
Read moreAnother handful of tech giants is scheduled to report earnings this week, and if last week was any indication, it could be another blowout. Massive post-earnings moves from Alphabet, Amazon, Intel and Microsoft propelled the Nasdaq to record highs Monday and added a combined market cap of more than $155 billion since the results Thursday […]
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TRAVEL advisory notices, which alert passengers to the risks of going to certain places, are standard business for frequent flyers. But last week brought an unusual one. The National Association for the Advancement of Coloured People (NAACP), America’s oldest civil-rights organisation, warned black flyers about the dangers of travelling with American Airlines. The NAACP says […]
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