Alibaba is set to invest $200 million in Bigbasket, India’s largest online grocer, Bloomberg reports, citing sources familiar with the talks, escalating competition with rival Amazon. The investment would earn the Chinese e-commerce giant a 25 percent stake in Bigbasket and a foothold in two burgeoning e-commerce markets: the nascent Indian e-commerce industry and the […]
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Bitcoin mania could ramp up global efforts to dethrone the dollar, analyst says
Bitcoin mania could prove to be the flashpoint for some of the world’s largest oil producing countries to make a major move against the dollar, according to one commodity analyst. The world’s most popular cryptocurrency has skyrocketed in recent months, soaring above $19,000 on Thursday on the Coinbase exchange, before notching a huge decrease. Such […]
Read moreI have long believed that to be a financial advisor is to serve in a noble profession. In fact, given the impact finances can have on our lives, I consider the financial advisory profession approaching the importance of what physicians may do to positively impact patients’ physical and mental well-being, or what clergy do to […]
Read moreRest assured, in the event of an apocalypse or massive internet shutdown, bitcoin will survive using offline technologies, a CoinDesk researcher told CNBC on Friday. “We’re fine,” said Nolan Bauerle, the director of research at CoinDesk, a digital media company aimed at the digital asset and blockchain community. Bitcoin transactions are “being broadcast on shortwave […]
Read moreCheck out which companies are making headlines before the bell: General Motors — In a roundup of auto companies, Piper Jaffray wrote in a note that General Motors is “very cheap” compared to others in the industry. The firm views GM as “the second least-risky” company in its coverage and named the motor city giant […]
Read moreThe 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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