Facebook CEO Mark Zuckerberg turns 34 today, capping one of the more difficult years of his career at Facebook, as the company deals with fallout around privacy and fake news concerns. But because he started his company in college, he’s already amassed quite a fortune despite his young age. His net worth is around $74 […]
Read moreAfter bitcoin‘s explosive surge in the latter part of 2017, the crowd at the flagship annual cryptocurrency conference has grown three times as large. An estimated 8,500 are attending CoinDesk’s Consensus 2018 this week in New York City, according to Barry Silbert, CEO and and founder of parent company Digital Currency Group. Tweet That’s more […]
Read moreThe U.S. Supreme Court decision to allow states to legalize sports betting is great news for investors in the sports and gambling industries, billionaire investor Mark Cuban told CNBC on Monday. “I think everyone who owns a top four professional sports team just basically saw the value of their team double,” the owner of the […]
Read moreWaymo is telling police in California exactly how to break into its autonomous cars in the event of an emergency, according to documents reviewed by tech news site IEEE Spectrum. Basically: Open the door or break a window if necessary. Look for the red indicator light associated with the electronic parking brake. Grab scissors and […]
Read moreThe digital currency conferences this week in New York City present an attractive trading opportunity in AMD, according to J.P. Morgan. “Over the last three years, AMD has staged significant rallies following the blockchain technology summit, Consensus,” J.P. Morgan equity derivatives strategist Shawn Quigg wrote in a note to clients Monday. “We like the reward-risk […]
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Several casino stocks jumped after aU.S. Supreme Court ruling paved the wayfor states to legalize sports betting if they so choose. Shares of MGM Resorts, Caesars Entertainment, Boyd Gaming, Penn National Gaming and Churchill Downs all popped on the decision, although they were well off their highs immediately following the case result. Scientific Games, an […]
Read moreTesla CEO Elon Musk Monday told employees the company plans to “flatten” its structure as it works to improve communication and trim activities “that are not vital” to its success. “To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company,” Musk said in a copy […]
Read moreInstability in exchange rates remains the biggest obstacle toward more widespread cryptocurrency acceptance, St. Louis Fed President James Bullard said Monday. Bitcoin and its growing legion of competitors have been on a highly volatile ride, particularly over the past year and a half or so. At one point in 2017, one bitcoin was going for […]
Read moreCurrency, United States Finance
The populist cleric who fought US troops is winning Iraq’s election: Meet Moqtada al Sadr
The numbers are still coming in after polls closed over the weekend in Iraq’s first election since defeating the Islamic State (ISIS) late last year. And they are pointing to a shock win for firebrand Iraqi cleric Moqtada al Sadr, who wasn’t even running for prime minister, along with his coalition allies, the Iraqi Communist […]
Read moreUnited Parcel Service will announce a plan to improve its profitability through automation and price increases this year, according to Bank of America Merrill Lynch. The bank raised its rating for UPS shares to buy from neutral, predicting the package delivery company will slash costs. “UPS plans to launch its Network Transformation plan over the […]
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