Magic Leap, the secretive start up that has raised over $2 billion and built a mixed reality headset that may one day completely change the way we view the world around us, hosted a livestream Wednesday where it demonstrated some of its new technology. In a demo that seemed relatively simple, Magic Leap showed how […]
Read moreCurrency, United States Finance
Using NATO allies as ‘punching bags’ will backfire on Trump: Former Air Force secretary
President Donald Trump’s tactics towards NATO allies are “way, way over the top,” said Deborah Lee James, former secretary of the Air Force. As the NATO summit opened in Brussels, Belgium, on Wednesday, Trump slammed Germany as being “totally controlled” by Russia and went after leaders for not contributing more to defense spending. While the […]
Read moreThis article was originally published on Medium. Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk — about half my annual professor’s […]
Read moreTheoretically, there is no better time for Comcast, Disney and Fox to work out a deal than Sun Valley, Idaho, where media titans meet annually to talk about mega-mergers under the watch of boutique investment company Allen & Co. And yet, like the phrase “water water everywhere, Nor any drop to drink,” Comcast CEO Brian […]
Read moreNetflix remains the undisputed leader of streaming video today. But that could change if 21st Century Fox‘s assets, especially Hulu and Sky, are consolidated under Disney instead of Comcast, according to market research firm GBH Insights. “As bidding war and potentially a breakup up of some key assets to multiple bidders (regional sports networks, Sky) […]
Read moreThe likelihood of a potential competing offer by Comcast for Twenty-First Century Fox‘s movie studio and other assets has diminished, CNBC’s David Faber reported Wednesday. That’s because Comcast, the parent of CNBC, is expected to raise its bid for Sky, the U.K. media company partly owned by Fox, which has recently boosted its own bid […]
Read moreApple could roll out face recognition for iPad, bigger smart watches and a long-awaited update for the Mac mini later this year, top Apple analyst Ming-Chi Kuo predicts according to the tech news site 9to5 Mac. Apple’s upcoming offerings could also include new versions of the iPhone and other Mac models like the iMac and […]
Read moreSean O’Hara, president of Pacer ETFs Distributors, says chipmaking companies are the future of the technology sector over giants like Facebook and Google. “We’re entering that Jetsons-like phase of the world where everything’s connected and the internet of things is potentially a far bigger opportunity for the chipmakers than the cellphone or devices have been,” […]
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Sonos, the maker of wireless and voice-recognition speakers, may seem to a casual observer to be in the prime position to ride the surging smart speaker trend. But the Sonos’ initial public offering document revealed a critical flaw in its business model, which subjects it to Amazon’s whims on what the internet giant decides to […]
Read moreCostco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David […]
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