The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data breach. Ruby Corp, formerly known as Avid Life Media Inc, denied wrongdoing in agreeing to the preliminary […]
Read moreBlackRock, the world’s largest asset-management firm, said Monday its exchange-traded funds business had a record quarter. The company said net inflows into its iShares business totaled a record $74 billion in the second quarter, pushing the unit’s assets above $1.5 trillion. “Growth was balanced among iShares Core funds, precision exposures and financial instruments, demonstrating that […]
Read moreA few days ago, Bill Simmons, Jim Miller and Bryan Curtis convened on Bill’s podcast to analyze and critique the recent moves at ESPN. Given that Simmons spent 12 years working at ESPN, Jim Miller wrote a book about the company and Bryan Curtis is an esteemed media critic, the three are certainly highly qualified […]
Read moreA start-up called Desktop Metal has developed 3-D printers that can produce metal objects safely, in smaller spaces and for a lower cost than traditional manufacturing, which requires expensive machinery, lots of floor space and risky physical labor. The company just closed a $115 million round of venture funding to deliver its first batch of […]
Read moreCheck out which companies are making headlines before the bell: Procter & Gamble – P&G is facing a proxy fight from Trian’s Nelson Peltz, who plans to seek a board seat at the consumer products giant. Such a move would make P&G the largest company ever to face a proxy battle. BlackRock – The asset […]
Read moreChina’s economy grew faster-than-expected in the second quarter of 2017 yet President Xi Jinping is likely to remain wary of risks ‘blowing up in his face’, Andrew Collier, managing director of Orient Capital Research, told CNBC Monday. “The overall message is Xi Jinping is desperate to avoid what he calls ‘risks in the system’ and […]
Read moreEmojis may seem simple and fun but use them in an incorrect manner and it can be a huge embarrassment, or worse. Take the humble cookie. On July 7, the official twitter profile for Sesame Street’s Cookie Monster posted a tweet to commemorate world chocolate day, which included an emoji of a chocolate chip cookie. […]
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The U.S. is doing “very badly” at tackling inequality, and President Donald Trump’s tax reforms, if enacted, could see the country sink below Greece and some third world countries in the equality stakes, according to new research from Oxfam. Despite being the richest country in the world, the U.S.’s commitment to social spending, labor policy […]
Read moreOverseas landlords are moving out of the U.K. property market in search of pastures greener, according to new research which suggests the number of international investors who own property in the U.K. has fallen to a new low. Just 5 percent of British homes now have overseas owners, down more than half from the 12 […]
Read moreIt’s been a sweet few months for stocks, and according to one long-term-minded investor, the rally isn’t nearly over yet. “The odds are very high that the S&P goes all the way to 3,000,” Mark Tepper, president of Strategic Wealth Partners, said Friday on CNBC’s “Trading Nation.” To be sure, he’s not saying that this […]
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