Children born into the top 1 percent of households by income are 10 times as likely to become inventors as those from below-median income families, according to a new study. Economists from Stanford, Harvard, MIT and the U.S. Treasury Department published their findings as part of a working paper with the National Bureau of Economic […]
Read moreThe newest way to bet on bitcoin, the cryptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. The first bitcoin future trades are set to kick off at 6 p.m. EST on Cboe Global Markets Inc’s Cboe Futures […]
Read moreAmazon may be on an unstoppable tear, but this year’s tech IPOs are proving that the little guy can still hack it. According to data pulled from FactSet by CNBC, there have been 14 venture-backed tech IPOs of U.S. companies in 2017. As of Friday’s close, nine have posted positive returns from their offer price, […]
Read moreWe can’t say we weren’t warned. A new signpost was added to the crazy financial ride known as bitcoin on Friday when Coinbase, arguably the best-known bitcoin broker on the market, sent a warning message to investors: “Please invest responsibly.” “We also wanted to remind customers of some of the risks associated with trading digital […]
Read moreDrones are appearing in movies, on television and at weddings. If the professional Drone Racing League has its way, the next stop will be under your Christmas tree. The league is pushing into video games and toys, hoping to raise its brand awareness and attract more racers — and sponsors, said Matthew Hudak, a toys […]
Read moreI loved the 2016 Pixel and Pixel XL, but this year’s Pixel 2 and Pixel 2 XL fell short of expectations. It started with a variety of bugs, like buzzing noises to screen problems. Google quickly fixed some of them, but it’s still missing some features that are available elsewhere. The Pixel 2 XL screen […]
Read moreWhat began as a grassroots online campaign featuring a schoolboy has grown into a mass hashtag protest against Russia’s exclusion from the Winter Olympics — backed by what appear to be fake Twitter accounts and users connected to past pro-Kremlin causes. Many ordinary Russians are undoubtedly upset about an International Olympic Committee (IOC) decision to […]
Read moreSometimes, CNBC’s Jim Cramer is content with taking things at face value. That’s at least how the “Mad Money” host felt about the U.S. Labor Departments nonfarm payroll report on Friday, which showed healthy job growth with little inflation. “The jobs report, frankly, had something for everyone,” Cramer said. “Good manufacturing growth, … tame wage […]
Read moreHere’s a round-up of the most important deals in venture capital from the past week. Former Genentech executives Marc Tessier-Lavigne and Ryan Watts took their start-up, Denali Therapeutics, public this week. They raised more than $248 million in their stock market debut. Denali is expected to be the largest initial public offering in the biotech […]
Read moreJ.C. Penney is the latest retailer to jump on the subscription box bandwagon. The Texas-based department store chain has partnered with Bombfell, a service similar to that of Stitch Fix and Trunk Club. And the first run of boxes will cater to Penney’s big and tall male customers, a demographic the company said is growing […]
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