Even if the debt ceiling drama comes to a head, the U.S. will likely keep its top-notch credit rating from Moody’s. The country’s Aaa rating and stable outlook is safe despite looming concerns about the government’s inability to raise its borrowing limit by the autumn deadline, analysts led by Sarah Carlson, senior vice president in […]
Read moreExpedia confirmed reports on Monday that its CEO Dara Khosrowshahi had been offered the top job at Uber. But board member Barry Diller wrote in regulatory filings that while he’s likely to accept the role, the arrangement has not yet been finalized. Expedia filed the following memo with the Securities and Exchange Commission. To:All Expedia […]
Read moreIt’s a feat deserving of the ultimate bragging rights — to impress Elon Musk. A bunch of students from around the world did just that on Sunday with their engineering innovation for his ultra-high-speed travel Hyperloop initiative. The billionaire Tesla and SpaceX founder and CEO wants to make ultra-high speed travel possible via a Hyperloop, […]
Read moreFacebook CEO Mark Zuckerberg and his wife Priscilla Chan just had their second child, a daughter, named August. Zuckerberg posted a letter to his new daughte on Facebook. In it, he says “childhood is magical” and that August shouldn’t be “worrying too much about the future.” Zuck says he and his wife Priscilla Chan are […]
Read moreThat cute cat wallpaper for your Android phone or free photo editing software app you downloaded may be using your phone without your permission and running up fradulent ad views, according to a recent report from online marketing firm eZanga. EZanga used its Anura ad fraud protection software to look at one module from a […]
Read moreExpedia CEO Dara Khosrowshahi has reportedly been offered the top slot at Uber. In that role, he could carry on the tense relationship between Uber and the White House. Khosrowshahi has not hidden his disapproval for some of the policies suggested by President Donald Trump. In particular, Khosrowshahi opposed a proposed travel ban that would […]
Read moreThe Amazon vortex won’t suck in everyone. That’s the verdict of investors in the retail sector. Among potential competitors to the e-commerce juggernaut founded by Jeff Bezos, some – including Ross Stores, Home Depot and AutoZone – may have the wherewithal to withstand Amazon. The market is conferring on them valuations commensurate with, or better […]
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Stocks most owned by hedge funds and mutual funds managing nearly $4 trillion are handily beating the market this year, according to Goldman Sachs. “Both mutual funds and hedge funds have enjoyed strong YTD returns … Key sector overweights lead to outperformance,” strategist David Kostin wrote in a note to clients Friday. “High allocations to […]
Read moreAmazon paying $13.7 billion for Whole Foods Market may be a savvy business decision for both parties — Amazon has been dabbling in groceries and Whole Foods needs to better compete with the burgeoning natural foods market it helped launch. But the founding ethos of the companies are as different as a chocolate pop tart […]
Read moreThe S&P 500 has suffered a 7 to 10 percent decline in each year since 1995. I believe this year is no different — and that, in fact, such a decline is around the corner. First of all, the market’s strength appears to be flagging. Sure, the S&P is up 9.2 percent this year, but […]
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