As leading U.S. digital currency marketplace Coinbase struggles to handle accelerating consumer demand, the start-up has hired an executive from Twitter to improve customer support. Tina Bhatnagar, former vice president of operations and user services at Twitter, is joining the company, Coinbase co-founder and CEO Brian Armstrong announced Monday. Bhatnagar will be vice president of […]
Read moreGoogle and Facebook on Monday unveiled significant investments in France in a vote of confidence for the country’s thriving tech scene and President Emmanuel Macron’s push to lure foreign investment. The search group plans to open a new artificial intelligence center in France within weeks, its second in Europe after Zurich. The move is part […]
Read moreAround the world, there was a new billionaire every two days in 2017. That’s according to a report published Monday by the global charity Oxfam. The goal of the report, which is called “Reward Work, Not Wealth,” is to call attention to wealth inequality. There are 2,043 dollar billionaires in the world, the report finds. […]
Read moreI was a longtime Yahoo shareholder and consequently have followed co-founder Jerry Yang for a long time. He likes his privacy, though, and hasn’t granted many interviews over the years. So I was surprised when I found that he did a 90 minute podcast last week with GGV Capital’s Hans Tung and Zara Zhang. This […]
Read moreCurrency, United States Finance
Davos sees record attendance as CEOs want answers on geopolitics, KPMG says
Global auditing firm KPMG has highlighted geopolitical risk as the main issue occupying the minds of attendees at the World Economic Forum (WEF) in Davos, Switzerland. Bill Thomas, chairman of KPMG International, told CNBC on Monday that a survey of 1,300 chief executives had showed that geopolitical risk has risen right to the top of […]
Read moreWith Amazon narrowing its list of potential cities for its second headquarters last week, one Wall Street technology analyst believes he knows which of the remaining candidates have the inside track for the economically game-changing project. GBH Insights’ Daniel Ives predicts five cities out of the new list of 20 candidates have a better chance […]
Read moreLowe’s stock is set to pop 20 percent in the next year as America’s obsession with homes swells under Republican tax cuts, according to one Wall Street bank. Shares of the home improvement company rose 0.9 percent after Bernstein upgraded the stock to outperform from underperform, set to add to a 42 percent climb over […]
Read morePresident Donald Trump pledged to revive the coal industry and put miners back to work, but one year into his first term, there’s been little change in the beleaguered industry. Coal production is up slightly and exports were a highlight in 2017, but coal-fired power plants are still closing. The best that can be said […]
Read moreCurrency, United States Finance
US tax system overhaul likely to boost InterContinental Hotels and the global economy: CEO
The overhaul of the U.S. tax system has allowed one of the world’s most prominent hotel groups to expand into new territories, the chief executive of InterContinental Hotels Group (IHG) said Monday. Speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, Keith Barr said the changes to the U.S. […]
Read moreTencent Holdings, China’s biggest internet company by market value, is on a collision course with Apple and Alphabet with its aggressive push into mini mobile applications, which allow users to bypass traditional app stores and run programs directly within its WeChat application. Tencent has re-engineered the WeChat messaging app in a way that applications smaller […]
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