Warren Buffett‘s longtime investing partner Charlie Munger thinks Americans should look for opportunities in China, where Berkshire Hathaway has invested in electric automaker BYD. “American investors are missing China,” Munger said Saturday in response to a question at Berkshire’s annual shareholder meeting. “It just looks too hard, sitting in Omaha, to outsmart the Chinese market. […]
Read moreFacebook “instituted its biggest executive shakeup in its 15-year history this week,” Recode reported on Tuesday, a reorganization that will include a new blockchain effort and aims to address privacy concerns. Facebook confirmed the report to CNBC but did not share any comments to Recode’s report. The experimental blockchain group will be led by David […]
Read moreA new generation of gamers is flocking to “Fortnite,” the battle royale-style online shooter title quickly becoming the most popular video game on the internet. With its vibrant, cartoonish visuals and slick controls, the free-to-play game is surging in revenue and popularity — and enabling younger gamers to gain prominence. One of them is 13-year-old […]
Read moreThe Walt Disney Company reported fiscal second-quarter earnings that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: $1.84 per share vs. $1.70 per share forecast by Thomson Reuters Revenue: $14.55 billion vs. $14.11 billion forecast by Thomson Reuters Shares of Disney initially gained more than […]
Read morePresident Donald Trump‘s withdrawal from the Iran nuclear deal will undermine upcoming nuclear negotiations with North Korea, experts say in the wake of Tuesday’s announcement. Specifically, the president’s move, observers say, could create mistrust ahead of the North Korea talks by fostering volatility and uncertainty. “At the end of the day, can you trust the […]
Read moreArgentina’s peso rebounded from a record low against the U.S. dollar on Tuesday following a report the Latin American nation could get a credit line from the International Monetary Fund. Bloomberg News reported that Latin America’s third-largest economy could get a $30 billion loan from the IMF. The report — citing a person with direct […]
Read moreA drug originally designed as a treatment for the bone-thinning disease, osteoporosis, is being considered as a possible breakthrough treatment for bald people. Currently only two drugs — minoxidil and finasteride — are available for treatment of male-pattern balding (androgenetic alopecia). A project by The University of Manchester’s Centre for Dermatology Research in England began […]
Read moreGoogle on Tuesday announced that it has developed a third generation of its special chips for artificial intelligence. The new Tensor Processing Units (TPUs) will help Google improve applications that use artificial intelligence to do things like recognize words people are saying in audio recordings, spot objects in photos and videos, and pick up underlying […]
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Goldman Sachs advised clients to buy commodities and cash in the next few months as equities look to shake off a “fat and flat” trend of little growth so far this year. “We keep our overweight [rating on] commodities, which has been the strongest asset class year to date and still has the strongest return […]
Read moreThe Google Assistant is getting so “smart” that it’s soon going to be able to place calls for you. On Tuesday, at the Google I/O event, CEO Sundar Pichai demoed one experience where this sort of smart technology will be helpful. If you need to make an appointment for a haircut, for example, Google Assistant […]
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