Blockchain Capital, one of the first venture firms to specialize in bitcoin and crypto projects, is setting out to raise $150 million in two funds, with plans to invest in companies and emerging cryptocurrencies. The firm, based in San Francisco, said in SEC filings on Monday that each fund is raising $75 million. To date, […]
Read moreThe dollar climbed and the Dow Jones industrial average cracked a record level ahead of Asia’s Wednesday trading day. The U.S. currency rose to its highest levels in a week as markets speculated over President Donald Trump’s choice of a candidate to succeed Janet Yellen as Federal Reserve Chair. Stanford University economist John Taylor, regarded […]
Read moreFrankly, CNBC’s Jim Cramer was nervous before Netflix reported its quarterly earnings after the bell on Monday because he knew expectations were very high. That’s why the “Mad Money” host was not all that surprised when the stock closed down over $1 on Tuesday, falling to $199.48 from its post-earnings high of $207. “Here’s the […]
Read moreIt’s no secret that big data is becoming central to almost every industry, but Ajeet Singh, the founder and CEO of private business-intelligence player ThoughtSpot, still sees some obstacles. “We believe that the future belongs to ease of access of data, and we look at big data not as a visualization problem, but really, as […]
Read moreWith the Dow Jones industrial average surging through the 23,000 level for the first time ever, CNBC’s Jim Cramer offered investors a piece of contrarian food for thought. “Here’s something you never hear from anyone: Maybe stocks are cheaper than we think,” the “Mad Money” host said. “When we see gigantic Dow Jones components jumping […]
Read moreDidi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for the popular cryptocurrency. They have moved to a campsite in […]
Read moreIBM will disclose earnings for the third quarter of the year after the closing bell on Tuesday. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, analysts expect $3.28 in earnings per share, according to Thomson Reuters. Revenue: Analysts are expecting $18.6 billion, according to Thomson […]
Read moreMagic Leap said on Tuesday it has received an additional $502 million in funding. The announcement confirms a report from last month that said the company was about to secure new funds from, among other players, Temasek, a company based in Singapore. Janus Henderson Investors and Grupo Globo also contributed to the D-round of investments. […]
Read moreCowen shared with its clients the firm’s best software stock picks going into third-quarter earnings season. The firm cited the performance of the iShares North American Tech-Software ETF, which is up 38 percent this year through Monday, beating the S&P 500’s 14 percent gain. “Growth fundamentals remain healthy in software, and the perceived secular winners […]
Read moreAlphabet says its Sidewalk Labs unit will help design a model city district in Toronto as the research group pushes urban design it says can make cities less congested and more affordable. The campus will be located in Toronto’s Eastern Waterfront district and be part of one of “the largest waterfront development projects anywhere in […]
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