The S&P 500 is up 2.3 percent this month, the best month since February, but it’s a lopsided gain, weighted toward Technology. Sectors in October Technology: up 7.6 percentMaterials: up 4.1 percentBanks: up 1.8 percentIndustrials: up 0.4 percent Technology is so strong this month that it accounts for 75 percent of the gain in the […]

Elon Musk hopes to have a tunnel running under a 17-mile stretch of highway in Los Angeles “in a year or so.” One of his multitude of companies, The Boring Company, is currently building tunnels under Los Angeles. Musk predicts cars will be rushed through the tunnels in pods going as fast as 125 miles […]

Cryptocurrency traders were having a blast Tuesday after bitcoin gained approval in the futures market, but not everyone was in on the party. After CME said it would launch bitcoin futures before the end of the year, fears quickly arose that money would start cascading in, sparking dark comparisons with a financial crisis-like orgy of […]

Facebook is set for strong earnings with healthy advertisement revenue growth and a stock set to pop another 22 percent over the next 12 months, according to one Wall Street analyst. Deutsche Bank told investors to watch for 42 percent year-over-year ad revenue growth and mentions of “aggressive” investment in video content in Facebook’s earnings […]

Among the countless situations autonomous cars must master before we see driverless vehicles giving us rides is a seemingly mundane one: Where do you pick up passengers? “Pickups can be one of the most stressful moments for passengers,” said Juliet Rothenberg who oversees rider experience for Waymo, formerly known as the Google self-driving car project. […]

I read a Nathaniel Popper piece in the NY Times about celebrities endorsing ICOs. It made me want to throw up. Readers know that I have been and continue to be excited about the emerging blockchain/crypto/token opportunity and I believe it represents the next big wave of innovation in the tech sector, upon which many […]

Silicon Valley venture capitalist Guy Kawasaki launched his tech career at Apple as the company’s “chief evangelist,” marketing the original Macintosh computer. During his time at Apple, Kawasaki worked closely with the late Steve Jobs, and says he learned a crucial lesson from the tech visionary. “One of the most important lessons that I learned […]

San Francisco-based CircleUp got started as a crowdfunding platform connecting food and beverage start-ups with accredited angel investors. Over time, it looked more like an investment bank, managing funds and giving large institutions access to baskets of private consumer brands. Now, the company is going a step further. It has closed a $125 million quant-style […]

CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review. Bitcoin has surged more than six times in price this year and rose to a record high above $6,330 Tuesday morning after the CME announcement, according to CoinDesk. The new bitcoin futures contract will be cash-settled […]

Tesla will likely disappoint when it reports September quarter earnings, but investors should focus on the long term and retain a favorable outlook on the shares, one Wall Street firm says. Nomura Instinet reaffirmed its buy rating for the electric car maker’s shares, predicting Tesla will eventually sort out its Model 3 production issues. Tesla […]