Tech executive and billionaire entrepreneur Elon Musk took to Twitter Sunday night to say the future potential of robots will be surprising and potentially scary, so lawmakers need to regulate artificial intelligence. In response to a twitter post of a humanoid robot made by Boston Robotics jumping up on raised surfaces with the caption, “we […]
Read moreBitcoin has reached “parabolic” levels, and the cryptocurrency has some at the Federal Reserve worried, closely followed trader Art Cashin told CNBC on Monday. The cryptocurrency surged to a record $9,732.76 on Monday, according to coin industry site CoinDesk, breaking a mark set during Thanksgiving weekend. It later retreated to around $9,655 at midmorning. “Bitcoin […]
Read moreAs Wall Street traders refocused on markets after the Thanksgiving holiday, their Twitter feeds lit up with talk about bitcoin‘s rapid march towards $10,000. “Certainly nothing seems to be stopping Bitcoin this morning, which seems to have captured the entire financial social media as it breaks towards $10,000,” Peter Tchir, head of macro strategy at […]
Read moreThe Essential phone is just $399 from Amazon on Monday and includes a 4K 360-degree camera attachment that normally costs $199. If you’re unfamiliar, the Essential phone was launched by the founder of Android, Andy Rubin, earlier this year. The phone was initially priced at $699 but was quickly discounted. Reports have suggested the phone […]
Read moreSquare’s foray into bitcoin trading merely extends an “overdone” stock rally and puts off an impending correction, according to one analyst. The company recently created a buzz with a trial that enables some users of the Square Cash app to buy and sell bitcoin, but this may be too risky for investors to stomach, said […]
Read moreSamsung’s Black Friday deals are continuing through Cyber Monday, with savings on everything from smartphones to tablets. The discounts include Samsung’s best smartphones of the year — the Galaxy S8, Galaxy S8+ and Galaxy Note 8. Customers can get up to $400 off a new unlocked model with a trade-in. Amazon also has the Galaxy […]
Read moreCurrency, United States Finance
‘This is a massive challenge’: UK and Ireland at loggerheads over post-Brexit and trade
Ireland will veto Brexit trade talks with the U.K. until complex issues surrounding its border with Northern Ireland are resolved, the country’s EU commissioner said Sunday. Phil Hogan said Ireland could veto the talks between the U.K. and the European Union (EU) if it is not given assurances that there will be no “hard border” […]
Read moreClosely followed economist Jim O’Neill thinks Brent crude oil might surge to $80 a barrel in the next year before falling back to roughly $60 by next November. That would mark a 26 percent run-up from today’s price of about $63.50 a barrel. International benchmark Brent prices have already rallied about $20 a barrel, or […]
Read moreSales of new U.S. single-family homes unexpectedly rose in October, hitting their highest level in 10 years amid robust demand across the country. The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007 and […]
Read moreSemiconductors have crushed the market so far this year, but one Wall Street firm believes the sector has topped out. Morgan Stanley lowered its ratings on several chip stocks, citing lower flash memory prices and meager earnings growth next year. “We think now is the time to reduce exposure to NAND [flash memory] and Asian […]
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