Employees at Alphabet‘s Sidewalk Labs can find inspiration in a yellow book created by the company’s founders. The coffee table book is meant to help employees and recruits get up to speed with the company’s vision to redesign a city from the ground up, according to three people who have seen copies. It includes interviews […]
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THIS should have been one of the darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index comprised of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times have […]
Read moreLyft is now worth $15.1 billion after a recent $600 million funding round, the Wall Street Journal reported Wednesday, citing the company. That would make Lyft worth a quarter of rival Uber, which in May announced first quarter results and a tender offer that nudges its valuation past $60 billion. The ride-hailing rivals have been […]
Read moreBillionaire investor Warren Buffett was way ahead of a loud and growing chorus of bitcoin haters, and began questioning its viability five years ago. The Berkshire Hathaway CEO made headlines this year for calling bitcoin “rat poison squared” but he first took on the digital currency at the company’s 2013 annual shareholder meeting, according to […]
Read moreEconomist Larry Summers said Wednesday that Chinese companies’ leadership in some technologies are not the result of theft from the U.S., rebutting the premise behind President Donald Trump’s trade actions against China. “You ask me where China’s technological progress is coming from. It’s coming from terrific entrepreneurs who are getting the benefit of huge government […]
Read moreWhite House economic advisor Larry Kudlow said the administration’s revised approach towards China shouldn’t be characterized as a retreat. The director of the National Economic Council instead characterized the decision to use a committee to determine when Chinese-owned companies should be halted from taking ownership in U.S. firms as simply a “modernization” that will protect […]
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It’s a brave new world for General Electric on Day 2 outside the Dow. After getting beaten up and kicked out of the blue-chip index, its shares are now rallying to their best level in a month. Step in with caution here, says one technical analyst. “I might trade it, but I don’t trust it,” […]
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Just four months after taking the helm as CEO of Chipotle Mexican Grill, Brian Niccol is scoring big with investors. The former Taco Bell CEO’s appointment has resulted in a nearly 60 percent bump in the company’s stock since it was announced in February and that could just be the beginning. Niccol is set to […]
Read moreLenders are pounding the pavement looking for borrowers who want to consolidate bills, take a vacation or fix up their homes. Homes are being inundated with mail solicitations from companies like Marcus, Elevate and Lending Club, hoping to supply personal loans to consumers. In all, 10 nonbank lenders that Credit Suisse tracks sent out 368 […]
Read moreThe stock market is having a relief rally now that a “committee of professionals” will handle foreign investment concerns instead of President Donald Trump alone, closely followed trader Art Cashin told CNBC on Wednesday. “Remember, the first word in CFIUS is committee,” said Cashin, UBS director of floor operations at the New York Stock Exchange, […]
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