If bitcoin does not prove its worth as a usable currency, its massive price surge is a “dangerous” game, according to one respected finance professor. “If you don’t believe that bitcoin will ever acquire wide acceptance in transactions, it is time that you were honest with yourself and recognized that is just a lucrative, but […]
Read morePapa John’s tepid second-quarter earnings report on Tuesday wasn’t enough to deter shareholders on Wednesday. Shares of the company spiked 12.5 percent after the company said that it was raising its leverage over the next 12 months and would be repurchasing $500 million in shares. “The stock is likely to react favorably when Wednesday’s trading […]
Read moreTesla is expected to release its second-quarter earnings report after the market closes on Wednesday, days after it delivered its first batch of highly anticipated Model 3 sedans. Here is what analysts expect: Adjusted loss per share: $1.82 expected, according to a Thomson Reuters survey Revenue: $2.51 billion, expected, analysts told Thomson Reuters Analysts expect […]
Read moreFacebook revealed the latest numbers about the diversity of its workforce Wednesday, and even though the report reveals progress, minorities remain a small percentage of the company’s global workforce. “We aren’t where we like to be, but we’re encouraged that over the past year, representation for people from underrepresented groups at Facebook has increased,” the […]
Read moreCurrency, United States Finance
German automakers and politicians have come to an agreement to cut emissions by updating the software of 5 million diesel cars. The VDA, Germany’s auto industry association, said that German carmakers would install new engine software to make emissions filtering systems more efficient and tackle air pollution by cutting nitrogen oxide levels by 25-30 percent. […]
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COMPARED with Brexit, Bitexit seems a piece of cake. On August 1st, without much agonising or awkward negotiation, a group of Bitcoin activists and entrepreneurs managed to create a second version of the crypto-currency. It immediately gained a following: in less than a day of existence, the value of a unit of “Bitcoin Cash” jumped […]
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Apple, the world’s most valuable company, added more worth in one day than the market cap of nearly 400 individual companies in the S&P 500. The smartphone maker’s shares surged 6 percent to a new all-time high at Wednesday’s open, a day after it reported better than expected earnings. The gain represented $48.1 billion of […]
Read moreAmazon founder Jeff Bezos is worth an estimated $84.7 billion and has briefly held the title of the richest person in the world. But before the 53-year-old became a tech mogul, he didn’t always have the Midas touch. Bezos spent most of his 20s the way many millennials now do: job-hopping. While in college at […]
Read moreRunning a profitable business in today’s ever-changing tech world is no easy feat, but it’s exactly what Jason Fried and his team at Basecamp have been doing for over 17 years. As a cloud-based software company, Basecamp provides businesses with one central location to organize all internal communications, projects and client work. While a lot […]
Read moreSalesforce has made the fourth leadership change in four years to its second-largest business, Service Cloud, as it struggles to meet revenue goals. The company has also effectively shut down a similar product for smaller businesses, Desk.com, according to sources. Bill Patterson, a 14-year Microsoft veteran who was most recently on the Dynamics team, has […]
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