Cryptocurrency fundraising has brought in billions of dollars this year, mostly from retail investors. The process known as an initial coin offering exposes those investors to serious risks, according to the CEO of Nasdaq. “To make it no rules at all, when companies can just willy-nilly take people’s money and offer no information at all, […]
Read moreFor the past six months, J.P. Morgan Chase has quietly been shuttling clients to the bank’s technology lab on the West Side of Manhattan for a glimpse at the future of work. The executives — treasurers and finance chiefs of some of the world’s biggest companies — were introduced to an artificial intelligence-powered servant that […]
Read moreWhen some well-regarded health-tech entrepreneurs decided to start a venture dubbed Ooda Health, they had their pick of venture capital firms. So they made an unusual step of narrowing it down to investors at firms with strong female leadership. That’s a small group, since only about 8 percent of partners at venture firms are women. […]
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After more than a hundred years as a component in the Dow Jones industrial average, General Electric will be replaced by drugstore chain Walgreens Boots Alliance next week. But GE investors may take solace in the recent history of stock price out performance from the companies booted from the Dow. On Tuesday David Blitzer, managing […]
Read moreU.S. home sales unexpectedly fell in May as an acute shortage of properties on the market pushed house prices to a record high. The National Association of Realtors said on Wednesday that existing home sales slipped 0.4 percent to a seasonally adjusted annual rate of 5.43 million units last month. It was the second straight […]
Read moreSilicon Valley may be the world’s leading hotbed of innovation and genius, but it struggles with diversity and unconscious bias. Culture wars at shareholders’ meetings and recent lawsuits against tech titans such as Google and YouTube over its lack of diverse hiring practices highlight the festering problem. Left untreated, this may be the Achilles’ heel […]
Read moreCurrency, United States Finance
Threatened by coalition partner, Merkel seeks to break migration deadlock
German Chancellor Angela Merkel will meet some of her European Union peers on Sunday to try break a deadlock on migration and head off a possible clash over the bitterly-contested issue at a June 28-29 EU summit. Merkel will be joined by French President Emmanuel Macron, as well as the leaders of Bulgaria and Austria, […]
Read moreThe U.S. trade dispute with China, in a round about way, could determine how successful the U.S. will be in sanctioning Iran’s oil this time around — and that uncertainty is also playing out at OPEC. In the tit-for-tat tariff war with the U.S., China said last week it would put tariffs on U.S. oil […]
Read moreI’m not saying America’s cities are turning into dystopian technocapitalist hellscapes in which corporations operate every essential service and pull every civic string. But let’s take a tour of recent news from the metropolises. ■ In Seattle, the City Council decided last week to undo its plan to impose a $275-per-employee tax on local businesses, […]
Read moreVacation home sales on the tiny, toney island of Nantucket, a beach resort off the coast of Massachusetts, are seeing new life, and their prices are off the charts. If the first quarter is any indication, the dollar volume of sales will likely exceed $1 billion this year. Already, $268 million worth of homes sold […]
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