Sam Altman thinks health care is too expensive, housing in California is too hard to find and the U.S. government needs to commit to funding cutting-edge research and combating climate change. And he’s ready to spend big, he told Recode, on a new political movement that aims to put those issues on policymakers’ radars. After […]
Read moreReddit has raised $200 million in new venture funding and is now valued at $1.8 billion, according to CEO Steve Huffman. The new funding round, the company’s largest ever, should expedite a number of internal product and business efforts, including a redesign of its homepage and its first foray into user-uploaded video, Huffman added in […]
Read moreApple shares have fallen for three straight sessions, heading into its quarterly earnings report scheduled for Tuesday after the bell. Some strategists are predicting that an iPhone 8 bombshell on the company conference call could further spook investors. “I don’t think this looks good here right now; I would sit back and wait on Apple,” […]
Read moreWall Street finally got to see all the details for the Tesla Model 3 during the car’s launch event Friday. So far investors have given it the thumbs down with the electric car maker’s shares down more than 2 percent midday Monday. “We believe the Model 3 was as good as or better than expected, […]
Read moreFor a short time Thursday, Amazon founder Jeff Bezos surpassed Microsoft co-founder Bill Gates as the richest person alive. Amazon’s stock price then slid and Bezos went back to the number two spot, according to Forbes’ real-time ranking. But as the Seattle entrepreneurs jockey for the top ranking, Russian President Vladimir Putin is worth more […]
Read moreMarc Faber, the editor of The Gloom, Boom & Doom Report, told CNBC on Monday that risk has increased as stocks have moved higher. “Don’t be overly optimistic,” the widely followed newsletter analyst also known as “Dr. Doom” said on “Squawk Alley.” “If you look at the market, there are lots of stocks that are […]
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AS ANYONE who flies regularly for work can attest, business travellers are not constantly being doted upon. Flights are not all booked by a travel manager, nor are never-ending drinks being poured by dutiful attendants. Indeed, corporate travel might be becoming a more independent affair. According to a recent survey, a growing number of business travellers would […]
Read moreThe Federal Reserve’s plan to start unwinding quantitative easing as early as September could be derailed if Congress fails to tackle the looming deadlock over the US debt ceiling, analysts warn. Republican failures to win legislative victories — embodied by the collapse of healthcare reforms — last week injected an early bout of nerves into […]
Read moreDespite a strong start to the year, Tesla shares are down nearly 10 percent in the past month, and options traders are piling into the stock ahead of its earnings report scheduled for Wednesday after the bell. “Tesla has been the second most active single stock option over the past 20 days – second only […]
Read moreHackers have published the alleged script of next week’s “Game of Thrones” episode after breaching HBO’s systems, Entertainment Weekly reports. HBO’s hugely popular “Game of Thrones” started its seventh season earlier this month. Hackers reportedly published what is supposedly the script for the season’s fourth episode, which is scheduled to air Sunday, Aug. 6. Upcoming […]
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