It’s a feat deserving of the ultimate bragging rights — to impress Elon Musk. A bunch of students from around the world did just that on Sunday with their engineering innovation for his ultra-high-speed travel Hyperloop initiative. The billionaire Tesla and SpaceX founder and CEO wants to make ultra-high speed travel possible via a Hyperloop, […]
Read moreFacebook CEO Mark Zuckerberg and his wife Priscilla Chan just had their second child, a daughter, named August. Zuckerberg posted a letter to his new daughte on Facebook. In it, he says “childhood is magical” and that August shouldn’t be “worrying too much about the future.” Zuck says he and his wife Priscilla Chan are […]
Read moreThat cute cat wallpaper for your Android phone or free photo editing software app you downloaded may be using your phone without your permission and running up fradulent ad views, according to a recent report from online marketing firm eZanga. EZanga used its Anura ad fraud protection software to look at one module from a […]
Read moreExpedia CEO Dara Khosrowshahi has reportedly been offered the top slot at Uber. In that role, he could carry on the tense relationship between Uber and the White House. Khosrowshahi has not hidden his disapproval for some of the policies suggested by President Donald Trump. In particular, Khosrowshahi opposed a proposed travel ban that would […]
Read moreThe Amazon vortex won’t suck in everyone. That’s the verdict of investors in the retail sector. Among potential competitors to the e-commerce juggernaut founded by Jeff Bezos, some – including Ross Stores, Home Depot and AutoZone – may have the wherewithal to withstand Amazon. The market is conferring on them valuations commensurate with, or better […]
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Stocks most owned by hedge funds and mutual funds managing nearly $4 trillion are handily beating the market this year, according to Goldman Sachs. “Both mutual funds and hedge funds have enjoyed strong YTD returns … Key sector overweights lead to outperformance,” strategist David Kostin wrote in a note to clients Friday. “High allocations to […]
Read moreAmazon paying $13.7 billion for Whole Foods Market may be a savvy business decision for both parties — Amazon has been dabbling in groceries and Whole Foods needs to better compete with the burgeoning natural foods market it helped launch. But the founding ethos of the companies are as different as a chocolate pop tart […]
Read moreThe S&P 500 has suffered a 7 to 10 percent decline in each year since 1995. I believe this year is no different — and that, in fact, such a decline is around the corner. First of all, the market’s strength appears to be flagging. Sure, the S&P is up 9.2 percent this year, but […]
Read moreShares of Sprouts Farmers Market and other grocery stocks fell again Monday as Amazon.com rolled out price cuts at Whole Foods stores. Sprouts fell nearly 7 percent, Supervalu lost almost 3 percent and Kroger and Target traded nearly 1 percent lower. Wal-Mart fell about half a percent and Costco traded slightly lower, as of late-morning […]
Read moreWith hundreds of auto dealerships closed and vehicle imports slowing down, or in some cases stopping completely, Hurricane Harvey is slamming the brakes on the auto industry in southeastern Texas. By extension, the entire industry will feel the impact of the storm that continues to inundate the Houston area. “This is bad; real bad,” said […]
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