[unable to retrieve full-text content] IN CHINA no company achieved $1bn in annual revenue as quickly as Xiaomi did, in the year following the launch of its first smartphone in 2011. Chinese media initially nicknamed Xiaomi the “Apple of the East” (its literal translation is “little rice”). That was a stretch, even in good times. […]
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[unable to retrieve full-text content] JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month the 72-year-old Mr Hamm, son of an Oklahoma cotton […]
Read moreHouse Democrats released more than 3,500 Russian-bought Facebook ads Thursday. You can view the ads in a file published by the House Intelligence Committee. “There’s no question that Russia sought to weaponize social media platforms to drive a wedge between Americans, and in an attempt to sway the 2016 election,” Congressman Adam Schiff, D-Calif., said […]
Read moreThe Federal Communications Commission said in a notice Thursday that 2015 landmark U.S. open internet rules will cease around June 10. The FCC in December repealed the Obama era “net neutrality” rules, which will allow internet providers to block or slow websites as long as they disclose the practice. The FCC said the new rules […]
Read moreIt was a typical Saturday morning. Angela Watschke was shuffling some of her kids around four years ago while the others were at home. Her then-two-year-old daughter Abrielle was lying on the bed when she started slipping off as her eyes rolled back. The toddler was experiencing cardiac arrest. One of Watschke’s daughters texted her […]
Read moreGoogle recently added a new feature to Gmail on iPhone that lets you send money to anyone with an email address. It’s a feature that’s already been available for Android users. That means you can quickly send someone cash — maybe to your son or daughter away at college — all in the same message […]
Read moreMacy’s stock will fall as the company’s physical store sales deteriorate, according to one top Wall Street firm. Morgan Stanley lowered its rating to underweight from equal-weight for Macy’s shares, predicting the retailer will report lower than expected earnings this fiscal year. “Macy’s continues to undergo core operating challenges, similar to peers in the department […]
Read moreRoku shares jumped 7 percent in the first minutes of trading Thursday, a day after an earnings beat revealed strong ad revenue. Shares opened above $38, in the company’s highest open in nearly two months. On Wednesday, Roku reported a smaller-than-expected loss in the first quarter and posted higher revenue from its streaming platform than […]
Read moreThe yield on Italian government 10-year bonds rose to a seven-week high Thursday, while stocks sold off, following news that former Prime Minister Silvio Berlusconi will not stand in the way of a new coalition government. The anti-establishment Five Star (M5S) and right-wing Lega parties are said to be closing in on an agreement to […]
Read moreStock trading app Robinhood has beat its rival E-trade when it comes to users, doubling the number of accounts in the past year. The start-up now has 4 million brokerage accounts on its platform. On Thursday it announced a $363 million funding round, valuing the company at $5.6 billion, which is quadruple its valuation from […]
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