Argentina and the International Monetary Fund have reached an agreement for a three-year, $50 billion standby arrangement, subject to IMF board approval, the government and the Fund said on Thursday. Argentina requested IMF assistance on May 8 after its peso currency weakened sharply in an investor exodus from emerging markets. The deal marks a turning […]
Read moreThe hit game “Fortnite” is on pace to become a billion-dollar title in 2018, thanks in no small part to surging use by female gamers. When Epic Games first released “Fortnite” in 2017, it was only compatible with PCs, the Xbox and PlayStation. Its first version was a pay-to-play game mode known as “Save the […]
Read moreIf former basketball star and de facto diplomat Dennis Rodman travels to Singapore next week for a summit between North Korea and the United States, a cryptocurrency company that lets you buy marijuana may be footing the bill. Rodman’s agent confirmed his interest in the Singapore trip to the Washington Post, saying he would provide […]
Read moreStitch Fix soared after the company reported strong earnings and user growth on Thursday. Here’s how the company did compared to what Wall Street expected: Earnings: 9 cents vs. 3 cents forecast by Thomson Reuters Revenue: $316.7 million vs. $306 million forecast by Thomson Reuters Active clients: 2.7 million vs. 2.66 million forecast by StreetAccount […]
Read moreElectronic signature company DocuSign saw its stock jump as much as 10 percent on Thursday after it reported strong results in its first earnings statement as a public company. Here’s how the company did: Earnings: Excluding certain items, 1 cent per share, vs. loss of 7 cents per share as expected by analysts, according to […]
Read moreMicrosoft isn’t looking to make money from GitHub by placing ads on the site for storing code, GitHub’s next leader said on Thursday. The sentiment reflects Microsoft’s broad intent to be careful not to cripple its latest acquisition and not alienate the site’s tens of millions of users. In a question and answer conversation on […]
Read moreAn “overwhelming majority” of the Senate is united against the Trump administration’s deal to end sanctions on China’s ZTE – and will “absolutely” try to block the agreement, Sen. Mark Warner told CNBC on Thursday. Earlier in the day, Commerce Secretary Wilbur Ross announced the deal on CNBC, which includes a $1 billion penalty against […]
Read moreAbout 14 million Facebook users who thought they were posting a message just to friends or smaller groups may have actually been sharing it widely with the general public due to a software bug, the company said Thursday. The bug, which was active from May 18 to May 27, changed users’ privacy settings without them […]
Read moreGoogle says it won’t use its artificial intelligence technology for weapons or surveillance, with a few caveats, according to a list of ethical principles published by CEO Sundar Pichai. The company will still work with the government and military in other areas, including cybersecurity and training, and it will only avoid surveillance that violates “internationally […]
Read moreMoves by two major companies in the cryptocurrency space this week could be evidence that regulation is smoothing out, which could bode well for struggling bitcoin prices, according to one closely-followed analyst. “We believe the regulatory picture is now improving—best evidenced by Coinbase and Circle ‘running towards’ regulation,” Fundstrat Co-founder Tom Lee said in a […]
Read more