Google looked to sell its Nest connected-home unit in 2016, just two years after buying the high-profile startup for $3.2 billion, according to Reuters. Alphabet had an internal project known as Project Amalfi, that looked to sell Nest in early 2016. It failed to find a buyer, however, and former Nest employees now complain of […]
Read moreHong Kong police have arrested protesters on the eve of Chinese President Xi Jinping‘s visit to the city to commemorate the 20th anniversary of its handover from Britain to China. The demonstrators had gathered around the Golden Bauhinia statue to express their frustration with what they perceive as Beijing’s encroachment on democratic values. Those detained […]
Read moreGoldman Sachs told its clients to ignore a widely-followed way to value the stock market used by Warren Buffett. “With interest rates near multi-century lows, the so-called ‘Fed model,’ which compares earnings yields to bond yields, retains a powerful grip on the ‘valuation narrative’ in the equity market,” strategist Charles Himmelberg wrote in a note […]
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Wednesday’s stress test results could mark a turning point for financial stocks, which have lagged all year. The Federal Reserve is set to report at 4:30 p.m., ET, on whether it approves big banks’ plans to pay capital to shareholders. Analysts expect at least several of the big banks to come out of the test […]
Read moreAs Democrats begin to rebuild in the wake of their 2016 presidential election defeat, the party’s official political organ is tapping Raffi Krikorian, a former top engineer at Uber’s self-driving car program, to be its next chief technology officer. The hire, confirmed by multiple sources on Wednesday, comes as the Democratic National Committee looks to […]
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TO THE many invasions of privacy that have become commonplace in air travel—the pat-downs, the hand swabs, the shoe removal, the endless rummaging through luggage by security agents—one more may soon need to be added: the examination of reading material. Last month, America’s Transportation Security Administration (TSA) ran tests at airports in California and Missouri […]
Read moreInstead of attacking Amazon CEO Jeff Bezos, President Donald Trump should start fact-checking his tweets, angel investor and Inside.com CEO Jason Calacanis told CNBC on Wednesday. Trump incorrectly tweeted Wednesday morning that Amazon owns the Washington Post to avoid paying a so-called “internet tax,” when in fact it is Jeff Bezos — not Amazon — […]
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Amazon Prime Day is coming — it’s just that nobody knows exactly when — and anticipation for the third-annual promotional event is already building on Wall Street. Prime Day was held on July 12 in 2016 and on July 15 in 2015, so one would expect Amazon is preparing to announce the date of this […]
Read moreAmazon, the online retail giant, is collecting sales taxes nationwide on purchases. President Donald Trump seemingly took a swipe at the internet juggernaut suggesting otherwise on June 28. @realDonaldTrump As of April 1, Amazon began collecting sales taxes on purchases across the country, with the exception of states that don’t have a sales tax: Alaska, […]
Read moreShortly after we pulled on to Interstate 280, just north of Palo Alto, California, the Cadillac CT6 signaled to me that I was now ready to drive hands free. Seconds later, I pressed a button. The top of the steering wheel lit up with a green light and the car was now under the control, […]
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