As the CEO of Apple, Tim Cook manages one of the largest tech companies in the world (it currently has a market cap of over $920 billion), but he still wasn’t too busy to speak to a high school senior who cold-emailed him asking for a few minutes of his time. Cook responded to Porter-Gaud […]
Read moreMike Moritz, a top partner at Silicon Valley’s most successful venture capital firm, says that the local tech culture has descended into “soul-sapping discussions” about “the inequity of life,” and compared it unfavorably with the work ethic in the Chinese tech scene. Moritz, a managing partner at Sequoia Capital, wrote in the Financial Times that […]
Read moreApple co-founder Steve Wozniak made a surprising revelation on Wednesday evening to an audience in Silicon Valley. “I’m still technically an employee,” Wozniak said, during a panel discussion at the Computer History Museum in Mountain View, California. “I’m the only person who’s been on the payroll since day one.” Speaking in front of about 500 […]
Read moreBank of America‘s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC. His departure marks the second global head of the group to leave in less than a year. Zakkour’s co-head, Chet Bozdog, retired in March. Zakkour […]
Read moreThe chances of Amazon‘s second headquarters coming near the nation’s capital just got a lot higher. Three bids from the D.C. area made the final list for Amazon’s second headquarters, which was announced Thursday. That’s the highest representation for any other region that bid for Amazon’s “HQ2.” The three regions — Washington, northern Virginia and […]
Read moreBill Nygren shared his market views and top stock ideas in an interview on CNBC’s “Halftime Report” Thursday. General Electric was “the worst performing stock in our portfolio. We were seriously off,” he said. However, he added his fund is sticking with its position and expressed confidence in the industrial company’s new management team. “In […]
Read moreApple’s blockbuster announcement that it will repatriate almost all of its $250 billion in overseas cash, create 20,000 new U.S. jobs, open a new U.S. campus, and add $350 billion to the U.S. economy ends any serious debate about the new tax reform law. The fact is, it’s a big net positive for America even […]
Read more
Bitcoin surged Thursday, recovering from a sharp sell-off to briefly top $12,000. The volatile digital currency hit a high of $12,045.09, up 30.9 percent from a low of $9,199.59 a day ago on CoinDesk. CoinDesk’s bitcoin price index tracks prices from Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin traded about 27 percent above that low at […]
Read moreShares of General Electric hit their lowest level since December 2011 on Thursday, briefly breaking below $17. The Dow component hit $16.96, a six-year low. It traded down 1.8 percent at $17.04 as of noon ET. The move lower follows a 4.7 percent decline on Wednesday and a 2.8 percent drop Tuesday. For the week, […]
Read moreCurrency, United States Finance
With eye on Brexit talks, May offers France money for border security
British Prime Minister Theresa May will offer France on Thursday 44.5 million pounds to bolster security at French border controls, part of measures to deepen cooperation that she hopes will foster goodwill in Brexit talks. At talks with French President Emmanuel Macron at Sandhurst, Britain’s army officer training academy, May wants to show that Britain […]
Read more