In a recent interview with CNN’s Poppy Harlow, Salesforce CEO Marc Benioff discussed his relationship with late Apple founder Steve Jobs and said that his company would not exist today without him. Benioff was a 19-year-old college student in 1984 when Jobs gave him his first job as an assembly language programmer at Apple. The […]
Read moreThe stock market’s best days are likely behind it as central banks around the world take away the high levels of stimulus they’ve provided over the past decade, Janus Henderson portfolio manager Bill Gross said Wednesday. Though normally known for his bond expertise, Gross in recent days has been chiming in on the equity side, […]
Read moreTesla short sellers are creating and amplifying negative rumors about the company, said CEO Elon Musk. Tesla has tapped markets for capital several times since its initial public offering in 2010, but Musk said the company might be better off if it were private. “I wish we could be private with Tesla,” Musk said in […]
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As market volatility increases, Rich Ross of Evercore ISI has three stocks to buy on the dip. The Dow, S&P 500 and Nasdaq opened lower for the sixth straight session on Wednesday, as the S&P tracks for its worst day in nearly three months. “When volatility picks up in the broad market, I like to […]
Read moreCurrency, United States Finance
UK bakery apologizes for replacing baby Jesus with sausage snack in Nativity scene
British bakery Greggs has apologized for substituting Jesus for a sausage roll in a promotional image for its Christmas advent calendar. The image seemed to cause a stir online. Simon Richards, chief executive of center-right pressure group The Freedom Association, called for a boycott of Greggs’ “sick anti-Christian” calendar. Tweet Another said he was “glad” […]
Read moreGeneral Electric‘s sinking share price could get it kicked out of the Dow. The workings of the committee that determines which stocks stay in and which ones drop out of the blue chip index are a bit mysterious. For example, there’s no clear price threshold that automatically gets a stock thrown out. GE is $18 […]
Read moreWhen Amazon recently announced plans to abruptly shut down the Amazon Fresh grocery delivery service in parts of nine states, it did not provide much of an explanation for the decision. But multiple sources tell Recode that Amazon has privately laid blame on the U.S. Postal Service, which was responsible for delivering Amazon Fresh orders […]
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Bitcoin has again recovered quickly from a sharp drop. The digital currency briefly surged more than 9 percent Wednesday to a high of $7,251.81, according to CoinDesk. That’s within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over the weekend amid controversy over the […]
Read moreMicrosoft and privately held GitHub on Wednesday are separately unveiling tools that will make it easier for programmers to pair up and get work done together. Pair programming, a concept that goes back decades, is a controversial subject in the world of software development because not all developers are comfortable with having others see them […]
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THE strange 1970s revival in Britain has another twist. The main focus has been on the Labour party which, under Jeremy Corbyn, wants to return to the era marked by nationalisation and higher taxes. But in a sense the Brexiteers want to take Britain back to the 1970s too; to the “golden era” before 1973 […]
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