Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans. Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm […]
Read morePresident Donald Trump sought a billionaire investor’s advice twice on whether he considered Amazon a monopoly during a dinner this summer, weeks before federal regulators signed off on the e-commerce giant’s acquisition of Whole Foods Market. Leon Cooperman, a former partner at Goldman Sachs who runs the hedge fund Omega Advisors, said Thursday he attended […]
Read more
Affinity Photo is a full-fledged photo editing tool — you can think of it like Photoshop for the iPad if you haven’t used it before — that works really well. Apple used demos of it when it was showing press the capabilities of its new 10.5-inch iPad Pro. I bought it and liked that I […]
Read moreThe Chinese are much more positive about autonomous vehicles than Americans, according to a new report from Ford. In fact, citizens of India and Brazil — two other large, developing countries — also appear to be considerably more hopeful about a future with self-driving cars than those from more developed nations, such as the U.S., […]
Read moreA lot of people are talking about cryptocurrencies these days, probably because they’ve gone so much higher this year. The most important thing to remind ourselves is that anything to do with bitcoin or ethereum right now is pure speculation. Prices are rising because there is a finite supply and people are betting that other […]
Read moreWhile public support for President Donald Trump’s tax plan remains low, there’s reason for Amazon to feel giddy about it: an estimated $2 billion in tax savings over the next two years. That’s based on a report by financial research firm Cowen & Co., which estimates Amazon will save $723 million in 2018 and $1.3 […]
Read moreCisco executive chairman John Chambers said Thursday that as he prepares to leave the company he’s looking forward to working with start-ups that will have a major impact on the world. Chambers said in a video broadcast live on Facebook that he meets with around 40 start-ups each month — generally in areas like artificial […]
Read moreThe rapid surge in bitcoin has prompted Washington to take a closer look at digital currencies and the rise of initial coin offerings — a method used by internet entities to raise capital in exchange for a new cryptocurrency. The SEC said it is devoting more resources towards its new minted Cyber Unit to monitor […]
Read more
You can buy your friends and family all sorts of gifts for the holidays, including many of the gadgets I’ve mentioned in previous guides, but sometimes it’s nice to give them something they can use a bit differently. I’ve found that friends and family have often really appreciated a couple months or even a year […]
Read moreAs U.S. exchanges get set to offer bitcoin futures, some major global financial institutions feel the rollout is happening too fast and some retail brokers say they will look hard at the new market before offering related products to customers without steep restrictions. The first bitcoin futures product starts trading Sunday, potentially bringing an air […]
Read more