Richard Branson‘s Virgin Group is investing in Hyperloop One, a company developing the super-fast transport system originally dreamed up by Elon Musk. Hypleroop One will rebrand itself as Virgin Hyperloop One, and Branson will join the board, the billionaire British investor announced Thursday on CNBC. The investment amount was not immediately disclosed. Hyperloop One already […]
Read moreGovernments around the world are right to step up regulatory pressure on initial coin offerings (ICOs), the CEO of blockchain firm Ripple has told CNBC. Brad Garlinghouse, whose company is the owner of the third-largest cryptocurrency by market capitalization, XRP, questioned whether new digital currencies were “solving real problems.” “There’s plenty examples of these recent […]
Read moreBitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency. The bitcoin price hit an all-time high of $5,087.38 in early trade on Thursday, according to data from industry website Coindesk. This surpassed the previous high of $5,013.91 hit on September 2. Investors appear to […]
Read moreSpaceX has successfully landed another reused rocket, as billionaire Elon Musk’s firm pushes forward to make space flight cheaper and more frequent. Late on Wednesday, SpaceX’s Falcon 9 rocket launched the EchoStar 105/SES-11 satellite, before returning back to earth and landing on the droneship station in the Atlantic. The rocket launched from NASA’s Kennedy Space […]
Read moreAlibaba Executive Chairman Jack Ma believes that if there’s a change coming, it’s best to prepare early. That philosophy served Alibaba, now a Chinese e-commerce behemoth, well in its early days fending off competition on its home turf from online marketplace eBay. “When we see something is coming, we have to prepare now,” Ma told […]
Read moreHealth care is hard. Few founders understand that better than Kyle Hill, who folded his home care start-up HomeHero after raising more than $20 million in capital earlier this year. Now, Hill is ready for his second attempt to crack the health care market. CNBC has learned that his team has been quietly working for […]
Read moreAnalysts and bloggers have speculated for a few years now that foldable phones were the next major form factor for the smartphone. But while Lenovo and Samsung have demonstrated concept devices with foldable screens, and numerous other companies have filed patents, the devices have yet to materialize in stores. Nonetheless, a media outlet in Korea […]
Read moreFacebook dropped $2 billion to acquire virtual reality platform Oculus in 2014. Unlike the company’s other big acquisitions, Instagram ($1 billion in 2012) and WhatsApp ($19 billion in 2014), Oculus does not appear to be paying off. Although Oculus Gear VR headsets are practically handed out with Samsung smartphones, the company’s more expensive Oculus Rift […]
Read moreBuying shares in public companies is easy these days, and has been since the advent of sites like E-Trade and Schwab.com. But that’s not the case when it comes to investing in a privately held company, whether it’s a hot tech start-up or century-old manufacturing conglomerate. That process still requires physical paperwork, lawyers to negotiate […]
Read moreYou’re better off renting with a roommate than buying your first home alone in cities such as San Jose and San Francisco, California, and Austin, Texas, according to a recent report by online real estate site, Trulia. When conducting their analysis, Trulia assumed buyers would be taking on a 30-year fixed rate loan, front a […]
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