Bitcoin climbed above $3,400 to trade at all-time highs on Monday as investors gained confidence in the future of the digital currency. Its price rose nearly 5 percent, to $3,451.86, up nearly $600 from Friday’s $2,900 levels, according to CoinDesk. Bitcoin has now increased 3.5 times this year and is up 18 percent for August. […]
Read moreNetflix is delving deeper into the comic book world with its first acquisition, comic book publisher Millarworld. The company announced Monday it has acquired MIllarworld, which publishes franchises including “Kingsman: The Secret Service,” “Kick-Ass,” “Wanted” and “Reborn.” Netflix said it plans to turn its franchises into films, series and kids’ shows. No further details were […]
Read more
Carl Icahn‘s bet on an obscure biofuel credit is going south and threatens to leave an energy company he controls with a big unpaid bill. The wager is remarkable because Icahn’s role as a special advisor to President Donald Trump has directly influenced the price of the credits he is betting on. The fact that […]
Read moreIn early July the Food and Drug Administration approved the first new drug for sickle cell patients in nearly 20 years. It was a watershed moment for people who suffer from the rare blood disorder that can cause debilitating pain. And for one physician it was the end of a 25-year journey. The drug, Endari, […]
Read moreSamsung announced a more rugged version of the Galaxy S8 on Monday. The new device is called the Galaxy S8 Active and will be sold on AT&T in the United States beginning Friday. Samsung typically launches a tougher version of its Galaxy S smartphones a few months after the original launches. As with previous models, […]
Read moreSoftBank Group, a prolific investor in global technology startups, reported a sharp rise in quarterly profits and said it would be interested in parking funds in ride-hailing firms Uber Technologies or Lyft in the future. This is the first time Softbank has publicly indicated an interest in Uber, after having so far put funds into […]
Read moreCurrency, United States Finance
Tiny fragments of gold could be used in the fight against cancer, according to scientists at the University of Edinburgh. Researchers found that the precious metal could be used in such a way so that it increases the effectiveness of other drugs prescribed to treat lung cancer cells. Microscopic pieces of the precious metal – […]
Read moreOaktree’s Howard Marks sounded a general alarm last week about the state of stock markets, private equity, credit markets and — for good measure — new digital currencies like bitcoin and ethereum. Essentially, he wrote in his letter to investors that everything is overvalued. On the cryptocurrencies, he went further. He stated several times that […]
Read morePilotless planes could not only be a future method of transport, but an economically-beneficial one too, according to new research by Swiss bank UBS which claims that they could save airlines billions of dollars. “Reducing the intervention of human pilots on aircraft could bring material economic benefits and improve safety,” UBS analysts wrote in a […]
Read moreWhat will the office of tomorrow be like? The needs of employees are changing and businesses must change with them in order to attract the best workers. One way to do this will be combining work and leisure, experts tell CNBC. “Employers today need to create an environment that attracts the talent and allows them […]
Read more