Shares of Overstock.com surged Wednesday after the CEO announced a joint venture for a global property registry based on bitcoin’s blockchain technology. Overstock CEO Patrick Byrne and the company’s blockchain-focused subsidiary Medici Ventures are partnering with well-known Peruvian economist Hernando de Soto to establish the for-profit venture called De Soto. An earlier report said the […]
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Boeing‘s recent run has been nothing short of amazing. Boeing is on track for its best annual performance since 1978. The stock has soared more than 86 percent this year, adding about $77 billion in market cap and around 892 points to the Dow. Boeing was trading at yet another all-time high on Wednesday at […]
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Another day, another digital currency surge. Ripple, or XRP, leaped 37.5 percent from Tuesday’s close to a record high of 51.37 cents Wednesday, according to CoinMarketCap. The gains pushed ripple past litecoin into fourth place by cryptocurrency market capitalization at $18.23 billion, according to CoinMarketCap. Ripple last traded slightly off its highs around 47 cents, […]
Read moreAdvertising mogul Martin Sorrell said Wednesday that if Disney completes its deal for Twenty-First Century Fox assets, it would represent a clear top media investment for his company. A Disney-Twenty-First Century Fox deal, which could be announced as early as Thursday, would have an enterprise value of $60 billion, sources told CNBC. Disney became the […]
Read moreJanet Yellen could use her final news conference as Federal Reserve chair to sound off on a variety of issues, from the move toward bank deregulation to the central bank’s critics to the state of the country under President Donald Trump. Expect none of that. Instead, Yellen is likely to offer the same approach to […]
Read moreTarget is finally making more aggressive moves to win customers who want to make purchases, including groceries, online. The big-box retailer announced Wednesday morning its plans to acquire same-day delivery service platform Shipt, a rival to Instacart, for $550 million in cash. The news builds on the company’s billion-dollar investment strategy and longer-term goals to […]
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POLITICIANS and executives are held to different standards. That is pretty clear when it comes to issues such as sexual harassment despite the resignation of Al Franken or the rejection by voters of Roy Moore. As others have pointed out, the tweets and remarks of Donald Trump would have seen him forced out of the […]
Read moreSome of Facebook‘s former friends are starting to express some serious doubts about the social network they helped create. Facebook exploits a “vulnerability in human psychology” to addict its users, Sean Parker, the company’s first president, said in a public forum last month. Chamath Palihapitiya, a former Facebook vice president who joined the company in […]
Read moreThe U.S. Department of Justice has caught one of the people involved in creating the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks, according to court papers. Paras Jha has agreed to plead guilty to computer-crimes charges in the case, according to federal court […]
Read moreLaser chipmaker Finisar‘s stock soared Wednesday following the news of a $390 million Apple investment. Shares were up 28 percent Wednesday morning. Apple announced the investment as the second from its $1 billion Advanced Manufacturing Fund. Finisar’s chips enable depth and proximity sensing, making possible some of the iPhone X’s standout features like Face ID, […]
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