Instagram is testing a standalone app for private messages called Direct, a first step toward possibly toward removing messaging features from the core app. Direct, which opens to the camera in the same way Snapchat does, will become available on Android and iOS today in six countries: Chile, Israel, Italy, Portugal, Turkey, and Uruguay. If […]
Read moreA senior U.S. official has cast doubt over whether U.S. athletes will able to compete at the 2018 Winter Olympics in South Korea amid heightened tensions with the North. U.S. Ambassador to the United Nations, Nikki Haley, said the prospect of U.S. athletes participating in February was an “open question.” When asked by Fox News […]
Read moreCheck out which companies are making headlines before the bell: Shake Shack — The fast casual chain got a positive bump from Morgan Stanley, which raised its rating on the stock to “equal weight” from “underweight.” Shake Shack new store openings have consistently outperformed, the firm wrote in a note, and this next year should […]
Read moreA correction hasn’t shaken the historic market rally yet, but Wall Street legend Byron Wien says it’s “definitely” coming. “A 10 percent correction could come along at any time, and particularly when the market has done as well as it’s done. I mean basically it’s gone straight up since Donald Trump was elected,” Wien warned […]
Read moreChipmakers focused on artificial intelligence are in a race to get their hardware out the door, a theme that’s on full display this week at a major industry event in Southern California. A little-known start-up called Wave Computing shared exhibit floor space with tech giants including Google and Microsoft at the 31st annual Neural Information […]
Read moreRon Paul asked his followers to rate bitcoin versus gold, dollars and Treasurys — they chose bitcoin
Former Republican congressman Ron Paul has taken to Twitter to see where his followers would invest a $10,000 gift — but there’s a catch. “You must keep the gift in the form that you choose, and you can’t touch it for 10 years,” Paul said in a tweet Tuesday. The libertarian’s followers were provided with […]
Read moreOlder Americans are increasingly digitally savvy — but they are still a prime target for online scams. Nearly half (42 percent) of adults ages 65 and older now own smartphones, a number that’s quadrupled in the last five years, according to a report by Pew Research Center conducted last year. Internet use by seniors has […]
Read moreCurrency, United States Finance
The world's largest sovereign wealth fund just made its first Asia property purchase
Norway’s $1 trillion sovereign wealth fund has invested in Asian property for the first time. Norges Bank Real Estate Management, which manages the sovereign fund, the world’s largest, said Thursday that it had signed an agreement to buy a 70 percent stake in five properties in Tokyo, Japan. The fund will pay 92.75 billion Japanese […]
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Biotech stocks have lagged recently, as the Nasdaq biotech ETF, the IBB, has declined for three-straight sessions and is down more than 10 percent from its October high. On a technical level, the group’s charts concern Miller Tabak equity strategist Matt Maley. Here’s why: • On Wednesday, the ETF broke below its 200-day moving average, […]
Read moreIt’s been a chaotic year for Uber, but one part of its business is a bright spot: food delivery. Since launching two years ago, UberEats is now in 200 cities and is profitable in 40 of them, the company told CNBC. Uber is now competing in a crowded market, alongside GrubHub, Caviar and Amazon following […]
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