Stocks are technically weakened, and traders are hoping to get past the Fed’s Jackson Hole symposium at the end of the week without any new bombshells. There is little data in the coming week, with just home sales data Wednesday and Thursday and durable goods Friday. Earnings season is over, so the focus will remain […]
Read moreWal-Mart has applied for a U.S. patent for a warehouse in the sky, which could make deliveries to shoppers’ homes by way of drones. This could be the big-box retailer’s latest move to take its e-commerce business to the next level. Bloomberg first reported the news Friday, while the patent was first submitted in February. […]
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The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions. Bitcoin cash rose 40 percent from Thursday’s close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That’s the highest since bitcoin cash touched $756.93 on Aug. 2, the day after bitcoin […]
Read moreA leaked memo written by the president of a conservative lobbying group shows how the right could attack Facebook, Google and Twitter over alleged political bias, according to a new report in Axios. The report highlights a brewing battle over how much control internet providers and platforms should have when it comes to unpopular political […]
Read moreIn China, teenagers can purchase a fake ID online for as little as $2. Is it for buying booze? Subverting the state? Many simply want to play a game on their phones. More than 200 million people in China play Honor of Kings, the social media-focused app that has become the biggest moneymaking smartphone game […]
Read morePiracy is a long-running and even routine issue for Hollywood, whether it’s street vendors hawking bootleg DVDs on street corners or video uploaded to file-sharing sites like Pirate Bay. Now cybercriminals are also putting embarrassing chatter and other company secrets at risk. The reputational risk from leaked email is much more difficult to calculate than […]
Read moreFacebook has big plans for Marketplace, the Craigslist-like section inside its app where people can sell used goods to others in their neighborhood. It’s just not sure what those big plans should look like. So to figure that out, Facebook is throwing a bunch of products inside Marketplace to see what people want, including more […]
Read morePresident Donald Trump‘s popularity is falling due to his controversial comments about the white supremacist rally in Charlottesville, Virginia. That will have negative implications for the administration’s agenda this year, according to a Goldman Sachs economist. The firm cited Trump’s poll approval ratings, which fell to 37 percent on average this week versus 38 percent […]
Read moreAny shake-ups in the Trump White House won’t fundamentally change the story in stocks, money manager and popular blogger Josh Brown told CNBC on Friday. U.S. stocks turned higher Friday after a report by The New York Times said that President Donald Trump has removed his chief strategist, Steve Bannon. Axios first reported that Bannon […]
Read moreFacebook CEO Mark Zuckerberg said in an online post that he will take two months paternity leave later this year. Zuckerberg’s wife, Priscilla Chan, is expecting the couple’s second child between now and year’s end. “Studies show that when working parents take time to be with their newborns, it’s good for the entire family,” Zuckerberg […]
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