Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout and resume normal financing operations. The country has been surviving on rescue funds since 2010 and is anxious to draw a line under its bailout phase next year. The government […]
Read moreAs yet another hurricane rips through the Caribbean, the Federal Reserve on Wednesday said two of its nastiest predecessors, Harvey and Irma, will have little long-lasting economic effects. The central bank, after a two-day policymaking meeting, noted the harm Harvey and Irma caused but said it’s unlikely to be long-lasting. In fact, the Fed actually […]
Read moreThe Federal Reserve took the first tentative steps Wednesday to unwind its history-making economic stimulus. As markets expected, the U.S. central bank announced it will begin to roll off its $4.5 trillion balance sheet in October. Most of those assets consist of the Treasurys and mortgage-backed securities it acquired under a program known as quantitative […]
Read moreAlphabet‘s Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday. Uber Technologies attorney Bill Carmody disclosed the figure in a hearing in federal court in San Francisco, where both companies are discussing […]
Read moreAuto suppliers Delphi Automotive and BlackBerry will partner on a software operating system for self-driving cars, the partners said on Wednesday. Delphi already has developed a turnkey self-driving system called CSLP that it plans to begin selling to smaller automakers in 2019, for production in 2021. Most larger vehicle manufacturers are developing their own self-driving […]
Read moreAlphabet‘s Nest unit, which makes internet-linked home devices, is entering the security-hardware market as it tries to expand beyond its smart-thermostat business. At an event in San Francisco on Wednesday, the company unveiled a “smart” doorbell called Hello that will include a camera and facial recognition to identify visitors. It will ship next year, and […]
Read moreRemoving extremist content from the internet within a few hours of it appearing poses “an enormous technological and scientific challenge”, Google’s general counsel will say later on Wednesday to European leaders who want it taken down quicker. Kent Walker, general counsel for Alphabet’s Google, will speak on behalf of technology companies Facebook , Microsoft, Twitter […]
Read moreMore and more, smartphone users are sticking with their aging devices until they croak, and the sky-high price tag for Apple‘s newly-unveiled iPhone X could accelerate that trend — to the chagrin of mobile carriers. Over the past decade, mobile phone buyers have grown significantly more attached to their devices. The “replacement cycle” for wireless […]
Read moreAn Alibaba-backed Chinese start-up went public on Wednesday, rising nearly 14 percent on its first morning of trading, despite a launching a pared-down $450 million IPO. Best, a supply chain technology company, was listed under the symbol “BSTI” on the New York Stock Exchange. The company priced its 45 million share offering at $10 per […]
Read moreJefferies made waves on Tuesday predicting a big decline for Tesla shares and starting coverage on the company with an underperform rating. But due to an apparent calculation error, the firm was forced to change it price target for electric car maker even lower. “This note corrects the PT from $280 to $240 due to […]
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