The stock market is saying internet giants are eating the world and companies need to figure out how to survive their onslaught in the new digital age. Amazon and Netflix shares are up 52 percent and 58 percent respectively through Thursday compared to the S&P 500’s 15.5 percent gain. Billionaire John Malone explained why he […]
Read moreFor the first time, scientists have confirmed a diagnosis of chronic traumatic encephalopathy (CTE) — a neurological disease linked to head injuries from sports like football — in a living person. Until now, we’ve only been able to diagnose CTE in dead patients. Finding the disease while the patient is still alive could help scientists […]
Read moreDespite the fact that it’s an “extremely dangerous” sector to invest in, venture capitalist Bill Gurley recently made two new healthcare investments. “I’ve been spending a lot of time looking at healthcare, and it’s extremely dangerous. It’s extremely dangerous because the laws of most marketplaces doesn’t exist,” Bill Gurley, general partner at Benchmark, told CNBC’s […]
Read moreInfluential venture capitalist Bill Gurley says it’s time for Silicon Valley’s “unicorns” to grow up. Gurley, a partner at venture capital firm Benchmark, talked to CNBC’s following the IPO of Stitch Fix, an e-commerce fashion start-up backed by his firm. Stitch Fix priced shares at $15, below its expected range, but the stock is up […]
Read more“My path as an entrepreneur has not always been easy,” Stitch Fix Founder and Chief Executive Officer Katrina Lake told CNBC’s “Squawk Alley” Friday about being a woman in Silicon Valley. “My hope is that now that there is such a broader conversation about the challenges of many people in many industries across … tech […]
Read moreVenture capitalist Bill Gurley is bullish on bitcoin because he views it as a more secure place to keep money in areas of the world with political and economic dysfunction. “I think of it as an incredible store of value in the rest of the world,” said Gurley, in an interview on CNBC’s “Squawk Alley” […]
Read moreWhen it comes to Uber, venture capitalist Bill Gurley said he thinks he was on the right side of history. Gurley is a general partner at Benchmark, a major investor in Uber, and a leader of Uber’s thunderous workplace culture investigation — which led to the exit of co-founder-CEO Travis Kalanick. Benchmark was embroiled in […]
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Traders are using options to make big bets on Deere, Palo Alto Networks, and Hewlett Packard Enterprise ahead of earnings next week. Deere reports on Wednesday before the bell, and while traders are bullish on the stock ahead of the report, they’re not anticipating a monster gain. Last month traders bought more than 10,000 calls […]
Read moreAdvances made in automotive battery technology by Tesla and others are now being borrowed to help the Pentagon get high-power laser weapons that can kill everything from enemy drones to missiles. The work on laser weapons underway includes an Air Force Research Laboratory contract awarded to Lockheed Martin last week to develop high-power fiber lasers […]
Read moreApple said on Friday that it’s delaying the launch of its HomePod smart speaker until next year. “We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need a little more time before it’s ready for our customers,” Apple said. “We’ll start shipping in the US, UK and […]
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