EARLIER this month a woman arrived at O’Hare International Airport in Chicago without a ticket, boarding pass, or passport and flew to London. Prosecutors claim she did this by sneaking past officials from the Transportation Security Administration, a government agency responsible for airport security, while they were inspecting other travellers’ boarding passes. She was briefly […]
Read moreThe market has been positioned somewhere between awe and incredulity as new blockchain exchange-traded funds have attracted more than $200 million from investors in January, but it’s a robot ETF that is blowing away the competition among trendy tech investments. The Global X Robotics and Artificial Intelligence Thematic ETF (BOTZ) has taken in more than […]
Read moreStephen McKeon is a professor of finance at the University of Oregon, and I first got to know him through a Medium post he wrote last August on asset-backed tokenization. A couple weeks ago, he was on CNBC’s“Power Lunch.” I had a lot more questions in my own mind after that segment so I reached […]
Read moreDell Technologies could emerge as a public company through a reverse-merger with VMware, the $60 billion cloud computing company it already controls, according to people familiar with the matter. The reverse merger, whereby VMware would actually buy the larger Dell, would then allow Dell to be traded publicly without going through a formal listing. It […]
Read moreNo one on Wall Street believes Apple‘s iPhone numbers will be as good as once predicted, CNBC’s Jim Cramer said Monday. Apple shares were under pressure Monday after a report said the company told its suppliers to cut iPhone X production in half to 20 million units for the first quarter. Shares were down 2.4 […]
Read moreUber wants its drivers to help stop sex trafficking, an enduring problem that has prompted activists to press workers on the front lines of the travel industry to alert authorities if they see it happening. Over the past few years, Uber has enlisted its drivers in local and regional efforts to help fight human trafficking […]
Read moreRussian oligarchs are biting their nails in anticipation of a U.S. Treasury report outlining new sanctions to be enacted Monday on certain Russian business entities and friends of the Kremlin. However, the Trump administration, which has been characterized as dragging its feet on punitive measures against Russia, is unlikely to enact the most stringent measures […]
Read moreAlibaba and Foxconn have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car maker Xiaopeng Motors as competition escalates in the new energy vehicle (NEV) market. The latest injection brings the startup company’s total funding to 5 billion yuan, it said in a statement. It follows an earlier round in December […]
Read moreApple shares are dropping in premarket trading after a report the company ordered a drastic cut in iPhone X production. Nikkei reported on Monday the company told its suppliers to cut iPhone X production to 20 million units for the first-quarter from the more than 40 million units target Apple gave in November. The news […]
Read moreCurrency, United States Finance
Deutsche Bank has defended its decision to raise its annual bonus payments. Germany’s biggest lender is to lift its 2017 pot of bonus cash to more than 1 billion euros ($1.2 billion) despite registering a third consecutive year of losses. Earlier this month Deutsche warned that weak trading and a 1.5 billion euro hit resulting […]
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