Apple doesn’t sell many products — you can probably count most of them on your hands and feet. But it’s hard to overstate the company’s scale and power. As the most valuable franchise in the world, Apple own more U.S. Treasury securities than many major countries, was the fourth-largest purchaser of solar power in 2016 […]
Read moreThe research director behind one of 2017’s top-performing exchange-traded funds is still betting on bitcoin and electric, self-driving cars. Thanks to an early investment in the Bitcoin Investment Trust (GBTC), Ark Web x.0 ETF (ARKW) and the Ark Innovation ETF (ARKK) are the two best-performing ETFs this year, according to a report last week from […]
Read moreHere’s a round-up of the most important deals in venture capital from the past week. Chinese tech firms went public on U.S. exchanges at a robust clip in 2017, hoping to follow in the footsteps of Alibaba, JD.com or Baidu — all companies which have drawn investor interest since their market debuts here. LexinFintech was […]
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Chewy, founded in 2011, was a quickly growing online seller of pet food. Its roughly $3 billion sale to PetSmart was one of the biggest ever e-commerce deals. It demonstrated how swiftly the retail landscape is changing and the big bets retailers are now willing to make. (Though admittedly easier to do when a company, […]
Read moreDid you mean Birkenstock? A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a victory for the German sandal maker, whose relationship with Amazon has grown increasingly antagonistic. It convinced a district court […]
Read moreFacebook artificial intelligence researchers have come up with a novel way to make cartoonish avatars look like they’re really playing musical instruments. The work could lead to fascinating augmented reality or virtual reality experiences in the future. In a new paper, Facebook research scientists Eli Shlizerman and Ira Kemelmacher-Shlizerman and collaborators Lucio Dery and Hayden […]
Read morePresident Donald Trump‘s tweet suggesting that the nation’s cold snap disproves global warming has raised an outcry in response from climate scientists. “There is still hunger in the world, even if you just had a Big Mac,” said Jon Foley, executive director of the California Academy of Sciences. @GlobalEcoGuy: Believe it or not, global climate […]
Read moreIt’s no secret to market watchers that the Nasdaq has seen a monster year, up nearly 30 percent year to date and on pace for 14 months of nearly uninterrupted gains. But there’s one more record to add to the books: the technology-heavy index is on pace for its sixth straight positive year, its longest […]
Read moreMKM Partners predicts Alibaba will reach the vaunted trillion-dollar valuation ahead of its internet peers. “It seems likely to us that we will have multiple $1 trillion valuation companies within the next 1-3 years if the current bull market continues. In this note, we examine the pathways of the six leading contenders: Apple, Google, Amazon, […]
Read moreLast week, I went through the possible candidates to succeed John Skipper as the next president of ESPN. There are many well-regarded internal and external candidates. The person who gets tapped for that job will have the opportunity to shine and — potentially — position themselves well to succeed Bob Iger as Disney CEO in […]
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