Billionaire entrepreneur Richard Branson has harsh words for the Trump administration’s move to end the legalization of non-medical marijuana — calling it both backwards and unproductive. Thursday, Attorney General Jeff Sessions rescinded the Obama-era policy that enabled states to sell non-medical marijuana. The move came the same week that the policy went into effect. In […]
Read moreBenchmark Capital will end up selling about $900 million of its Uber stock to SoftBank and other buyers, or about 14.5% of the venture capital firm’s holdings in the company. Benchmark, which said last year that Uber could soon be worth more than $100 billion, tried to sell about 25 percent of its shares in […]
Read moreAfter the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year. Here are five predictions for digital currencies, based on those interviews: “Our institutional investor base is very interested in learning more and getting exposure,” […]
Read moreA FedEx employee from Tennessee has made mathematical history with the discovery of the largest known prime number. Jonathan Pace, a 51-year-old engineer living in Germantown, Tennessee, discovered the number after running a special piece of computational software for six days straight. Pace is a volunteer for a project called the Great Internet Mersenne Prime […]
Read morePeople do actually want to use their smart speakers to shop. Newly published research from Google and Peerless found that 62% of smart speaker owners surveyed said that they were likely to buy something through their speaker in the next month. That’s good news for both Google and Amazon — which so steeply discounted their […]
Read moreYou’ve heard of artificial intelligence — everyone from Elon Musk to Mark Zuckerberg couldn’t stop talking about it in 2017. But this year, AI will affect your life in tangible ways. “I believe 2018 is the year that this will start to become mainstream, to begin to impact many aspects of our lives in a […]
Read moreNvidia’s gaming business will drive further gains for the company’s shares this year, according to a top Wall Street firm. Goldman Sachs reiterated its buy rating for Nvidia shares, predicting the chipmaker will report earnings ahead of expectations. “Nvidia is one of the few stocks in our coverage universe exposed to multiple secular growth markets […]
Read moreCES 2018, formerly known as the Consumer Electronics Show, kicks off next week in Las Vegas. In previous years, it’s been home to major announcements ranging from new computers, TVs, smart home appliances, autonomous car technology and more. This year might change a bit, at least compared to last year, according to at least one […]
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Digital currency ethereum climbed Friday to a record high, while bitcoin attempted to recover from a recent slump. Ethereum briefly rose 9.6 percent to an all-time high of $1,075.39 Friday, according to CoinMarketCap. The digital currency had pared gains midmorning Friday and was trading about 3 percent higher near $1,014. It had a market capitalization […]
Read moreIn an usual move for the executive branch, the White House’s top economic advisor, Gary Cohn, said he believes stocks are cheap. “I think the stock market — and some other pretty famous investors over the last 24, 48 hours have agreed with us — that the stock market is not expensive right now,” Cohn […]
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