Elon Musk has registered the domain name “Pravduh.com” days after fiercely criticizing the media and saying he would build start a website to rate the “core truth” and “credibility” of articles and reporters. It is another move suggesting the CEO of electric car maker Tesla may be moving forward on such a project. Musk had […]
Read moreThere are several ways fund managers and investors can outperform the benchmark stock indexes, according to Bank of America Merrill Lynch. So far this year, 60 percent of active fund managers are beating their respective market indexes, tracking to the best performance since 2003. But it hasn’t always been this easy, particularly with the rush […]
Read moreSilicon Valley investors are worried that China’s tech sector will eat their lunch. The idea came up at a Bay Area debate earlier this week when Sequoia Capital venture partner Mike Vernal posited that China will soon overtake the US in areas like artificial intelligence and autonomous vehicles. “The Chinese government and the Chinese tech […]
Read moreYouTube Music is best for people who want to listen to music and enjoy music videos. I like that it has all the basics, like the ability to download music offline, search by artists, create playlists and has a visually appealing user interface. I already pay for YouTube Red (soon to be YouTube Premium), because […]
Read morePresident Donald Trump‘s administration is telling Congress it has come to an agreement to boost Chinese telecommunications company ZTE, The New York Times reported, citing a person familiar with the matter. As part of the deal, ZTE would pay a financial penalty, revamp its management and hire American compliance officers, the newspaper reported. The U.S. […]
Read moreA U.S. recession probably won’t happen for another two years, and in the meantime stocks are a good bet, according to closely-followed Credit Suisse analyst Andrew Garthwaite. “We conclude that a US recession is unlikely until Q3 2020,” Garthwaite wrote in a note to clients Friday. “Remain overweight equities.” Typically, an inverted yield curve, when […]
Read moreWith corporate debt hitting its highest levels since before the financial crisis, Moody’s is warning that substantial trouble is ahead for junk bonds when the next downturn hits. The ratings agency said low interest rates and investor appetite for yield has pushed companies into issuing mounds of debt that offer comparatively low levels of protection […]
Read moreA publicity stunt encouraging “crypto enthusiasts” to climb Mount Everest and bury a hard drive holding $50,000 worth of cryptocurrency reportedly indirectly led to a man’s death, the Financial Times said Friday. Ukrainian social network ASKfm, which is planning to raise money through an initial coin offering, or ICO, sponsored four people to climb Everest […]
Read morePolice in Shanghai have busted what they say is gang who duped websites into deleting negative reviews by posing as government censors and media personnel. The gang made 3 million yuan (US$470,000) from the activity before the bust, according to Chinese news site ThePaper.cn. In late 2016, the gang started advertising its services to companies […]
Read moreItaly’s Prime Minister-designate Giuseppe Conte labored to finalize his cabinet team on Friday as markets tumbled on fears the incoming eurosceptic government will embark on a spending spree that will undermine fragile state finances. The eurozone’s leading financial risk indicator, the gap between Italian and German sovereign debt yields, surged to 215 basis points, its […]
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