President Donald Trump signed Space Policy Directive 1 on Monday, directing NASA to return Americans to the surface of the moon and onward to Mars. The order declares NASA must lead U.S. astronauts in “an innovative space exploration program.” The announcement continues the White House push to end dependence on Russia for manned launches, which […]
Read moreBitcoin is in the “mania” phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. “We’ve seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines,” said Borg, president of the North American Securities Administrators Association, a voluntary organization […]
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FOR a president elected on a populist campaign message, Donald Trump is not doing much to make himself popular with flyers in America. On December 7th, the Trump administration announced that it was withdrawing a regulation proposed under Barack Obama to require airlines and other plane-ticket sellers to disclose baggage fees when customers begin the […]
Read moreSemiconductor stocks outperformed the market handily this year and one Wall Street analyst believes several companies in the sector will continue to surge higher next year. The iShares PHLX Semiconductor ETF has rallied 37 percent year to date versus the S&P 500’s 18 percent gain through Friday. “Looking ahead, we expect the semiconductor industry to […]
Read moreHybrids make better self-driving cars than the electric cars some automakers are using, a top Ford executive said Monday. Hybrid cars will be able to stay on the road for longer periods of time than electrics — Ford plans to have its cars on the road for 20 hours a day, said Jim Farley, Ford’s […]
Read moreInstagram is hanging on to a demographic that’s rapidly abandoning the Facebook platform, according to a new RBC Capital Markets survey, making Mark Zuckerberg’s buy of the photo-sharing app “one of the best acquisitions in internet history” according to one analyst. “We clearly see a fade amongst the 13- to 18-year-olds in usage of Facebook, […]
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Shares of Overstock.com briefly surged more than 23 percent Monday after Morgan Stanley Investment Management disclosed an 11.4 percent stake in the company. The investment management division has $447 billion in assets under management and its products include mutual funds and hedge funds. The department said in a 13G filing Friday with the U.S. Securities […]
Read moreAmazon has significantly cut the number of open positions in Seattle, and some employees are talking about a hiring freeze, according to the Seattle Times and two employees who spoke to CNBC. As of last week, Amazon had 3,503 open positions in Seattle, just a fraction of the over 9,000 job openings it had in […]
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Fuzzy is already operating in and around San Francisco, with plans to expand to New York, Los Angeles, and at least one Midwestern market soon, according to CEO and co-founder Zubin Bhettay. Bhettay said, “Every year, we’re seeing increases in incidents and illnesses in our pets. And around four to five million pets are euthanized, […]
Read moreThe National Association of Manufacturers said Monday its latest quarterly CEO survey reflects historically high optimism on expectations for the passage of tax reform in Washington. The trade group said CEO optimism — hitting a high mark in 20 years of the survey — should send a message to legislators that failure to enact the […]
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