Apple has patented some super-strong, translucent finishes for housing electronic devices, building on speculation that an upcoming iPhone will have a reflective finish. An Apple patent application published on Tuesday depicts an “optically reflective layer,” creating a metallic-looking housing for a laptop or phone. According to the patent, a reflective layer would be combined with […]
Read moreAlphabet has officially launched Gradient Ventures, a new firm within Google that will invest in early-stage artificial intelligence start-ups. The announcement on Tuesday is the latest sign of Alphabet’s growing interest in AI, a futuristic technology that’s also gaining significance at Amazon, Apple, Facebook and Microsoft. Axios reported on the new program in May, but […]
Read moreSony Music and Spotify have finally reached a licensing agreement. As first reported by Billboard and confirmed to The Verge by a source close to the situation, the deal will go into effect immediately. Sony Music, one of the biggest record companies in the world, owns RCA and Columbia and represents artists from Journey to […]
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Amazon stock was lower on Prime Day and some of the retailers it has been crushing were moving higher Tuesday, but the longer term trend shows its competitors hitting rock bottom. Amazon’s own stock was down about 0.7 percent Tuesday, as the company offered shoppers hundreds of deals on the shopping holiday it concocted to […]
Read moreLater today, Allen & Company’s famous tech and media conclave will begin in Sun Valley, Idaho. It is perennially the spot to see the biggest tech and media moguls congregate to socialize and spark endless rumors about future possible M&A deals. Three years ago, Yahoo’s Marissa Mayer and AOL’s Tim Armstrong were spotted having late-night […]
Read moreUnless you’ve been under a rock, you’ve likely read a lot about ICOs (initial coin offerings) in the last few weeks. These are offerings by companies starting their own variant of blockchain-based digital currencies. This year has not only seen the explosion in the price of bitcoin itself but also the second and third most […]
Read moreCurrency, United States Finance
President DonaldTrump‘s state visit to the United Kingdom, initially planned for this year, will be delayed until next year, a senior U.S. administration official said on Tuesday. Britisn Prime Minister Theresa May had invited Trump to London when she visited the White House soon after Trump took office on Jan. 20. But the two sides […]
Read moreThe Trump administration took its first step Monday toward potentially unraveling a government program that would have paved the way for more foreign startup founders to come to the United States. Its target is the International Entrepreneur Rule, an effort implemented by former President Barack Obama to allow foreigners who seek to build new companies […]
Read moreWith consumers feeling better about the economy, the amount of money borrowed has reached its highest level since the Great Recession. Total consumer borrowing rose by $18.4 billion in May, the strongest gain since November’s $25.1 billion increase, according to a recent report by the U.S. Federal Reserve. While household income has grown over the […]
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Active managers, rejoice. Analysts at Citi put together a chart that illustrates how the correlation among stock returns in markets like the United States is at its lowest level since 2000. Here’s the chart: “This should bode well for active management performance and indeed year-to-date, global active management performance for the median manager is positive,” […]
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