The Wisconsin state senate does not yet have enough votes to sign off on a huge Chinese investment that has been backed by President Donald Trump, according to the Milwaukee Journal Sentinel. Republican Scott Fitzgerald, majority leader in Wisconsin’s state senate, said he needs more time to do his due diligence on the massive $3 […]
Read moreThe top technology exec at the Chan Zuckerberg Initiative, the philanthropic investment vehicle founded by Mark Zuckerberg and his wife Priscilla Chan, is leaving the organization after less than a year. Brian Pinkerton, who joined CZI from Amazon last October to run all of its engineering efforts, emailed CZI staff this morning to announce he […]
Read moreIntel said on Wednesday that it will build a fleet of 100 cars to test self-driving technology, as the chip company tries to leapfrog rivals like Qualcomm and Nvidia. The cars will be highly automated “level 4” vehicles — one notch below fully autonomous cars but well above autopilot and other commonly used features that […]
Read moreThe internet comes for every sector of the media business, eventually. No one has a moat. So eventually, everyone in the media business has a choice: Change their business to adapt to the internet, or hang on to the old business, as long as they can. But the first option is really hard, and involves […]
Read moreSome traders are looking to make even more money from the world’s biggest stock, even after Apple shares have surged nearly 12 percent in the past month. While the prices of S&P 500 options have lingered around record lows, Apple options remain relatively well bid. This means traders collectively think Apple shares have a high […]
Read moreThe idea of guaranteeing a basic income for everybody has many obvious flaws but one overwhelming virtue. It enshrines the principle that every citizen is a valued member of society and has a right to share in its collective wealth. That conviction has animated radical thinkers for 500 years since the argument was first sketched […]
Read moreOne by one, some of the biggest names in tech are publicly supporting the idea of giving cash handouts to all Americans. The latest is self-made multimillionaire Stewart Butterfield, the CEO and co-founder of the workplace chat program Slack, which is reportedly in the process of raising $500 million at a $5 billion valuation. Butterfield […]
Read moreChinese gadget-maker Eufy announced the Genie on Wednesday, a copycat of the Amazon Echo Dot that will ship with Amazon’s smart Alexa assistant and will cost even less than the Dot. Stranger still — Amazon fully supports the company, which is a sub-brand of the more familiar “Anker,” best known for portable battery packs. This […]
Read morePresident Donald Trump’s “fire and fury” ultimatum was an off-the-cuff comment, The New York Times reported, citing people involved in North Korea policy discussions. Some reports speculated that policy advisors had approved a more hawkish tone, after the president was seen glancing at a sheet of paper while making his statement Tuesday. The Times reported […]
Read moreNvidia shares have taken off, surging nearly 200 percent in the past year, making it the best performing stock in the S&P 500 over that period. Traders are anticipating an even sharper move when it reports earnings on Thursday after the bell. As Nvidia gets ready to report second-quarter earnings, the options market is implying […]
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