The operator of the largest U.S.-based bitcoin exchange has more users than brokerage Charles Schwab. “With all the talk about bitcoin, a good deal of people are also starting to open accounts where they can buy and sell crypto-currencies,” Bespoke Investment Group said in a Friday blog post. Schwab reported in mid-November it had 10.6 […]
Read moreElectric car startup Lucid Motors is doubling the size of its offices and is moving into Tesla’s neighborhood. The company, which is not yet selling any cars, is moving from its current headquarters in Menlo Park, California, to a new facility in the nearby city of Newark. Lucid Motors announced the move on its blog […]
Read moreRide services using self-driving vehicles could slash by more than half demand for owner-driven sedans in the United States by 2030, according to a study released Monday by consulting firm KPMG that used cellphone data to map commuter travel in three large U.S. cities. The KPMG researchers forecast that ride services using self-driving vehicles will […]
Read moreIf you add up all the offshore cash held by S&P 500 companies, about 60 percent of it would be in technology companies, according to Bernstein analyst Toni Sacconaghi. That means tax reform proposals in the House and Senate could benefit companies like Apple, Cisco, Microsoft and Oracle, Sacconaghi wrote in a Monday note. The […]
Read moreInvestors should position themselves for a market rally as worries over President Donald Trump’s tax reform chances are overstated, according to a top Wall Street firm. JPMorgan derivatives strategist Shawn Quigg told investors to buy call options on companies that will benefit the most from tax reform. “We think the most significant near-term upside catalyst […]
Read moreCyber Monday sales are underway and well on their way to break records, according to Adobe Insights. As of 10 a.m. ET, $840 million had already been spent online, an increase of almost 17 percent when compared with the same time last year, Adobe found. Web traffic was up 12 percent by midmorning, as toys […]
Read moreCitadel’s Ken Griffin believes stock valuations are getting high, but there are still economic forces that can cause the bull market to continue awhile longer. “I think we’re in the seventh inning of this market rally,” he said in an exclusive interview with CNBC’s Leslie Picker on Monday. “Valuations are stretched. We’re not in the […]
Read moreWhen Tribal Chief Eric Thompson first heard about a new venture to get the Saint Regis Mohawks into the business of intellectual property, he was hesitant. “I had never heard of an IPR,” Thompson recalled, referring to a system of challenging patents called inter partes review. Most people haven’t — IPR resides among the intricacies […]
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HOW far in advance should you book a flight to get the best price? That is a question that many travellers agonise about. Yet people around the world do not respond in the same way to the incentives they are given. New data from Concur, a travel-software firm, compares flight-booking trends from five countries. Their […]
Read moreCitadel’s Ken Griffin said Monday that bitcoin may be in a bubble. “Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland,” said the billionaire hedge fund manager in an exclusive interview with CNBC’s Leslie Picker. Griffin, however, said he does believe the […]
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