Facebook on Monday said that it has acquired Ozlo, a start-up that built a virtual assistant app for Android and iOS. Terms of the deal weren’t disclosed. Ozlo launched last year, making its assistant available outside of other apps with assistants, including Alphabet’s Google Allo, Facebook’s Messenger, and Microsoft’s Skype. Ozlo can give you recipes, […]
Read moreIf Facebook’s Oculus division and other makers of virtual-reality gear want their products to go mainstream, they’re going to need new marketing tactics. Lowering prices on VR equipment and producing a wider variety and greater number of games, as Oculus has done this year, are good places to start, although Facebook still won’t give any […]
Read moreIt’s now cheaper than ever to map the human genome. But most healthy people don’t seem to care all that much about their DNA. A startup called Helix is trying to change that. The company launches this month with more than a dozen genetic tests in categories ranging from health to entertainment. Bay Area-based Helix […]
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U.S. crude oil surged into the close of trading to settle above the key psychological level of $50 a barrel. U.S. West Texas Intermediate crude ended Monday’s session up 46 cents at $50.17, its first close above $50 a barrel since May 24. That pushed WTI’s monthly gain to about 9 percent, making July the […]
Read moreApple is set to report earnings after the bell on Tuesday, a report that will most likely show that the $774 billion behemoth has even more money in the bank. To be precise, Apple is expected to report adjusted earnings of $1.57 per share on revenue of $44.89 billion in the June quarter, according to […]
Read moreFor years, American companies have been saving money by “offshoring” jobs — hiring people in India and other distant cubicle farms. Today, some of those jobs are being outsourced again — in the United States. Nexient, a software outsourcing company, reflects the evolving geography of technology work. It holds daily video meetings with one of […]
Read moreWhen it comes to stocks, the best advice is to stick with the old adage and follow the money. More and more, “follow the money” means following flows into exchange traded funds. And July is continuing the strong trend we have seen all year, with $23.4 billion of investor money flowing in, finally putting ETFs […]
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Investors may be in for disappointing market returns in the decade to come with valuations at levels this high, if history is any indication. Analysts at Goldman Sachs pointed out that annualized returns on the S&P 500 10 years out were in the single digits or negative 99 percent of the time when starting with […]
Read moreMillions of Americans rely on the stock market as their primary wealth-building tool. Without it, the “American dream” would be even more unachievable than it is today. People put an incredible amount of faith in the stock market. By implication, investors must think Wall Street is well-protected – that when you buy a stock, it […]
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After testing out digital currencies earlier this month, independent stock research analyst Ronnie Moas on Sunday published the first two parts of his 122-page report on bitcoin and other digital currencies. “In my view, the genie is out of the bottle, and cryptocurrencies will continue to rise and take market share away from stocks, other […]
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