Microsoft is now officially selling mixed reality headsets built by Acer and HP. The headsets cost $299 and $329, respectively, and offer relatively similar specs. If you have a computer powerful enough to support them — you’ll need a modern graphics processor such as an NVIDIA GeForce 1060 to begin — the headsets are capable […]
Read moreProcter & Gamble blasted Nelson Peltz’s efforts to join the consumer goods conglomerate’s board, saying the investor was not entitled to a seat and that he was being wrongly advised by people who were not in tune with the company’s operations. P&G’s salvo comes weeks after Peltz’s Trian Fund Management sought a board seat for […]
Read moreA day where shoppers don’t even have to think about what they need to purchase — let alone push a button — is quickly approaching, Chieh Huang, Boxed co-founder and CEO, said Tuesday on CNBC’s “Squawk Box.” “The machine learning algorithm is getting better and better” in being used in e-commerce, he said. Boxed, started […]
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Oil prices plunged back below $49 a barrel on Tuesday after another report that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000 barrels a day to 32.87 million barrels a day. That was a bigger jump […]
Read moreSnap‘s stock is boxed into a corner, and CEO Evan Spiegel’s quest to hoard control of his company may be a factor. Shares fell more than 2.5 percent on Tuesday morning after the S&P 500 made an unexpected change that will prevent Snap from joining the index. The conflict centers on the co-founders’ decision to […]
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Mutual funds are piling into technology stocks to a record level, according to a latest active managers holdings report from Bank of America Merrill Lynch. But the overweighting may not be bullish for the sector going forward. In July “large cap active managers have yet again increased their positioning in tech, setting another record overweight […]
Read moreInvestors expecting an economic boom under President Donald Trump are now bailing and taking their cash overseas, global investment guru Mark Mobius told CNBC on Tuesday. “As it turns out, I think money is probably now retreating the U.S., taking some of the profits out of the U.S.,” the executive chairman at Templeton Emerging Markets […]
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THE airlines are not doing it. Congress could not either. Nor could a petition with tens of thousands of signatures. The Federal Aviation Administration declined to do it, too. But now, a federal judge may finally do what the others failed to, or would not: stop seat rows on aeroplanes inching closer and closer together. […]
Read moreWeWork is a real estate business that acts like a technology company. It’s backed by powerful Silicon Valley venture capitalists, hires data scientists and DevOps engineers and sports a valuation that’s about 20 times annual revenue. John Arenas is taking a very different approach with his co-working business Serendipity Labs. Founded in 2011, a year […]
Read moreHome price gains are accelerating again, and in some cities those values are overheating. Four of the nation’s largest cities are now considered overvalued, according to CoreLogic. Home prices in Denver, Houston, Miami and the Washington, D.C., metropolitan area now exceed sustainable levels. To determine if a market is overvalued, CoreLogic compares current prices to […]
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