Amazon is raising its monthly Prime membership rates roughly 20 percent. The premium membership that grants faster shipping and access to Amazon Video will now cost $12.99 per month, up from $10.99, according to the company’s membership page. The company is also raising the discounted student monthly rate from $5.49 to $6.49 per month for […]

The parent company of the Los Angeles Times is investigating allegations of inappropriate behavior by Ross Levinsohn, the newspaper’s CEO and publisher. The company, Tronc, began the investigation Thursday after a National Public Radio story detailed two sexual harassment lawsuits that named Levinsohn while he worked at Alta Vista and News Corp, as well as […]

Darren Liccardo left Tesla‘s autopilot project in 2015 to help start Chinese drone giant DJI’s Silicon Valley development center, and to invest in drone-related start-ups. Liccardo will still be making investments, but now as part of his own firm. According to a filing with the SEC on Thursday, Liccardo is aiming to raise $50 million […]

Networking with health care venture capitalists is now a full-time job. Both Amazon Web Services and Nvidia have job openings for folks who can network with health investors from the elite firms. In Nvidia’s case, that means funds like Venrock, which it specifically mentions. The AWS listing doesn’t name-check any firms in its job listing, […]

The executive in charge of Facebook’s efforts to court China has left the company, a fresh setback for the social network as it seeks to get its products into China’s huge internet market. Wang-Li Moser, who as Facebook’s lead liaison with Beijing had become a symbol of its ambitions in the country, resigned in December, […]

Top executives of Huawei, including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows. In a notice sent to Huawei staff on Jan. 17, Ren said there had been cases of “quality breach and business falsification” […]

Payment company Square is “analogous to Amazon or Google in their early days” but Wall Street is valuing the stock all wrong, according to Nomura Instinet The firm reiterated its buy rating on the company’s stock Friday, calling big gains in 2018 as the company disrupts the payments industry. The San Francisco-based company’s climb to […]

Nvidia shares will surge again this year due to a strong upgrade cycle in its gaming graphics chip business, according to one Wall Street firm. Bank of America Merrill Lynch raised its price target for the chipmaker to the highest among the firms covering Nvidia, citing the company’s product leadership in multiple growth areas in […]

The torch is passed as the old hedge fund guard is losing its touch in the current market. A new generation of under-the-radar hedge fund stars are soundly outperforming more experienced, better-known managers such as David Einhorn and Bill Ackman. The common thread among some of the best hedge fund performers is in-depth sector expertise. […]

Bitcoin will likely “totally collapse,” Nobel Prize-winning economist Robert Shiller has told CNBC, adding that it reminds him of “tulip mania” centuries ago in the Netherlands. The Yale University professor said there are “bubbles everywhere,” not just in bitcoin, and added that he “doesn’t know what to make of bitcoin ultimately.” “It has no value […]