Bitcoin plunged more than $1,000 in less than an hour Tuesday. The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET, according to Coinbase, the leading U.S. platform for buying and selling major cryptocurrencies. Bitcoin had traded near $19,800 on Sunday. The slump came just around the close […]
Read moreOnline styling service Stitch Fix‘s shares plunged more than 10 percent after it reported its first earnings as a publicly traded company Tuesday afternoon. While earnings and sales just slightly surpassed analysts’ expectations, gross margins were hampered by investments into new categories, falling nearly 3 percentage points. Here’s what Stitch Fix reported, compared with what […]
Read moreRed Hat stock fell almost 5 percent on Tuesday after it reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on Nov. 30. EPS: Excluding certain items, 73 cents per share, vs. 71 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $748 million, vs. $739 million […]
Read moreKristin Baker Spohn was recently named the newest health-tech investor at Social Capital, where she’ll work alongside early Facebook investor Chamath Palihapitiya and focus on early-stage start-ups. This marks the latest Silicon Valley venture firm that is making major strides into health-technology. Andreessen Horowitz, Benchmark, GV, CRV and others have all added partners with a […]
Read moreAt 67, billionaire Richard Branson is preparing to go to space. In October, the serial entrepreneur who owns the commercial space flight company Virgin Galactic said he expects to be in space by April. “I would be very disappointed if I haven’t been into space within six months or so,” Branson told CNBC. And in […]
Read moreTreasury yields are staging one of the sharpest two-day moves of the year, as the U.S. tax bill moves closer to becoming law. The House voted to approve the sweeping tax bill Tuesday afternoon, and it was next headed for the Senate. Strategists said the move, which drove the U.S. 10-year yield to its highest […]
Read moreThe Winklevoss twins have carved an unorthodox path toward fame in the American business world. They went to Harvard University and then on to the Olympics as rowers. Along the way, they fought a legal battle with Mark Zuckerberg over the ownership of Facebook. In the Oscar-nominated movie, “The Social Network,” they were portrayed as […]
Read moreA long-time bull is predicting it’ll be difficult to ward off a deep sell-off in the next 12 months. The Leuthold Group’s Jim Paulsen sees inflation and the 10-year yield ticking higher as the likely catalyst to stop the stock market rally in its tracks — at least temporarily. “Can the stock market which now […]
Read moreFacebook has changed some of its user rules to curtail online harassment and domestic violence. The social network said in a post Tuesday that users can now choose to read or ignore abusive or threatening messages and posts without the sender knowing they are doing so. “If someone is being harassed, blocking the abuser sometimes […]
Read moreIn many ways, 2017 has been a difficult year: Hurricanes left much of Houston underwater and ravaged the Caribbean and Puerto Rico, fatal wildfires quickly spread across several parts of California and concert goers lost their lives in Las Vegas, to name a few. But there are also things to be optimistic about and Tuesday […]
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