U.S. stocks closed narrowly mixed in the lead up to Thanksgiving as investors parsed through minutes from the U.S. central bank. Minutes from the Federal Reserve released on Wednesday showed policymakers were largely positive about the economy, even though some officials had concerns about inflation. When it came to market conditions, several Fed members were […]
Read moreUber co-founder Garrett Camp has joined The Giving Pledge, a commitment to give away half of their wealth to charity. So has Infosys co-founder Nandan Nilekani, who signed on along with his wife Rohini. Camp’s net worth is estimated at $5.1 billion while Nilekani’s is estimated at $1.7 billion. The Giving Pledge was created in […]
Read moreThe 2017 global stock market rally is showing signs of fatigue and a 10 percent correction in U.S. equities looks imminent, experts are predicting. Conflict in the Korean Peninsula or a Middle East oil crisis are emerging as the main low-probability but potentially high-impact market events. A central bank policy error or the failure of […]
Read moreWith so many retailers pushing their in-store pick up for online orders as a key offer this holiday season, CNBC in New Jersey and three NBC affiliate stations in Chicago, Dallas and San Diego decided to team up and test it out with six retailers. Each team placed orders at three pairs of competing retailers: […]
Read moreNetflix’s original content will help boost its subscriber base in foreign markets, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Netflix shares, citing the success of the company’s original content franchises. “We believe Netflix has a number of growth levers which should fuel the company’s next phase of strategic […]
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United Parcel Service has acquired a manufacturing pharmacy license from Georgia’s Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the new license would effectively give […]
Read moreChipmaker Broadcom is considering raising its offer to buy rival Qualcomm by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. While the timing of the new offer is uncertain, Broadcom’s bid preparations indicate that it is planning to apply pressure on Qualcomm […]
Read moreA new proposal could weaken federal oversight of internet service providers by rolling back net neutrality regulations — a change that makes sense to tech investor and Donald Trump critic Mark Cuban. Cuban reiterated his criticism of net neutrality regulations on Wednesday, tweeting that the existing rules give the president the keys to the entire […]
Read moreIt’s barely Thanksgiving and online shoppers have already spent $28.6 billion shopping online, 18 percent more than they did last year, according to Adobe Analytics. Cyber Monday, the Monday after Thanksgiving, is expected by Adobe to be largest online shopping day in history, with an expected $6.6 billion in sales. In all, online holiday spending […]
Read moreThe Department of Immigration & Customs Enforcement is taking new steps in its plans for monitoring the social media accounts of applicants and holders of U.S. visas. At a tech industry conference last Thursday in Arlington, Virginia, ICE officials explained to software providers what they are seeking: algorithms that would assess potential threats posed by […]
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