One of the growing trends in Amazon‘s business is its fattening profit margins. In the first quarter, it had $1.6 billion in net income — more than double from last year and only the second quarter in company history to top $1 billion in profit. That change is partly driven by the growth in Amazon’s […]
Read moreCME launched two indexes on Monday for tracking ethereum, spurring speculation the world’s largest futures exchange may launch another cryptocurrency futures product soon. But the company said it has no plans right now for ethereum futures, although the structure of the indexes is very similar to the ones behind CME’s bitcoin futures. “The focus right […]
Read morePalantir co-founder Joe Lonsdale said Monday he “wouldn’t mind” if the start-up were to go public in the next two or three years. “I think it’s probably the right thing to do at some point,” Lonsdale told CNBC’s “Power Lunch.” “I think they’re really focused on the really hard problems they’re solving and not as […]
Read moreNow that the U.S. Supreme Court has ruled states can legalize sports betting, DraftKings is ready to take bets from its users. The company had been working on a sports betting product that would let people gamble on the outcome of games or point totals — options it wasn’t allowed to offer before Monday’s ruling. […]
Read moreBillionaire investor Mark Cuban thinks Apple will probably make it to a market cap of $1 trillion — but that doesn’t mean he’s investing now. The Dallas Mavericks owner says he is content with his current positions in tech giants Amazon and Netflix. “We can talk about Apple going to a trillion, and there’s no […]
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With the S&P 500 not likely to do much the rest of the year, Goldman Sachs says there is still an investment strategy that can outperform. The firm recommended companies with strong prospects for sales growth next year. David Kostin, Goldman’s chief U.S. equity strategist, updated his “high revenue growth” stock basket, which is now […]
Read moreThree Lamborghinis parked Monday morning near a major cryptocurrency conference in New York did not belong to investors in bitcoin, or any other digital coin. Instead, two of the luxury cars were from Broadway Supercars, a New Jersey-based car rental, and one belonged to company founder John Nouri. He said he was hired to park […]
Read moreAmid hardships at Tesla, CEO Elon Musk has taken heat for recent behavior some have called “bizarre.” But billionaire investor Mark Cuban defended Musk’s quirks and said he trusts and respects his leadership. “Unlike other founders…who have their lives all built up into one company, he puts his heart out there — and he puts […]
Read moreFacebook CEO Mark Zuckerberg turns 34 today, capping one of the more difficult years of his career at Facebook, as the company deals with fallout around privacy and fake news concerns. But because he started his company in college, he’s already amassed quite a fortune despite his young age. His net worth is around $74 […]
Read moreAfter bitcoin‘s explosive surge in the latter part of 2017, the crowd at the flagship annual cryptocurrency conference has grown three times as large. An estimated 8,500 are attending CoinDesk’s Consensus 2018 this week in New York City, according to Barry Silbert, CEO and and founder of parent company Digital Currency Group. Tweet That’s more […]
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