The Japanese giant SoftBank is preparing to invest around $300 million into the food delivery startup DoorDash, according to sources familiar with the deal. The investment would be the latest big bet from SoftBank’s Vision Fund, a $98 billion pool of cash that is striking massive deals in some of Silicon Valley’s flashiest companies. While […]
Read moreKGI Securities analyst Ming-Chi Kuo said recently that Apple will launch three new iPhones next year with larger batteries, which should translate to longer battery life for users. Kuo’s report suggests the phones will pack high-capacity batteries thanks to new two-cell designs provided by Korean supplier LGC. The new packs are said to feature an […]
Read moreSteinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week. More than $12 billion has been wiped off the market value of the owner of Conforama furniture stores and Poundland discount shops since Wednesday, when […]
Read moreBrexit negotiators claimed Friday they had reached a crucial breakthrough in talks, after six months of intense discussions. CNBC highlights the main points from the new joint agreement. March 29, 2019 will be the cutoff point, or “specified date,” for citizens’ rights. This means that negotiators have agreed to keep the current rights applied to […]
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The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank. Torsten Slok, the firm’s chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher inflation and the threat of […]
Read moreYou might say Jesus Noland is living out a young gamer’s dream. He grew up with a love of computers and video games and at 30, has found a way to channel that passion into a career as a developer in virtual and augmented reality. “The best thing about working in this field is being […]
Read moreAlphabet‘s YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said. […]
Read moreUber’s licence to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said. The firm can continue to operate until Dec. 18 and if it chooses to appeal the suspension, it can still run until […]
Read moreOne of the biggest fears about the tax overhaul bill in Congress already is showing signs of coming to fruition. Critics of the Republican-sponsored plan say that a provision allowing companies to bring profits stored overseas back home at a one-time reduced tax rate wouldn’t foster economic growth. Instead, they argue, companies will use the […]
Read moreJPMorgan Chase & Co expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday. “You are going to see more relationship pricing,” Dimon said on a Wells Fargo & Co webcast for its […]
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