Data analytics firm Domo initially spiked as much as 16 percent, and then pared some of that gain in its debut trade Friday. Shares opened at $23.80 and rose as high as $24.40 after pricing Thursday night at $21. The stock fell to $22 within the first half hour of trading. The Utah-based company sold […]
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Apple’s new iPhone and iPad software update, iOS 12, launches this fall — you can try it now if you want to — and includes a brand new Stocks application. The Stocks app on the iPhone has typically been pretty bare bones, but showed current and historical share prices for different companies you might be […]
Read moreThe Trump administration’s much-publicized increase in immigration enforcement is also increasing the bottom line for for-profit prisons and other companies from the private sector, with many signing multimillion-dollar contracts with the Department of Homeland Security. “A lot of people imagine immigration detention as being a government-only function, but there are private contractors throughout the entire […]
Read moreBitcoin prices dropped to a low not seen since November as investor sentiment fails to rebound after hacks in recent weeks, and crackdowns from global regulators. The world’s first and largest cryptocurrency skidded as low as of $5,799.62 as of 8:30 a.m. ET Friday, its lowest level since mid-November, according to data from CoinDesk. The […]
Read moreThe fight to reunite immigrant families took a genetic twist this week as tensions increased over detained children. The same consumer DNA testing kits that trace ancestry and offer genetic risk assessments were proposed as a way to reunite families separated at the border. But the idea created its own minor furor — for one, […]
Read moreA SpaceX rocket that flew just two months ago with a NASA satellite roared back into action Friday, launching fresh space supplies for the International Space Station. The used Falcon rocket blasted off before dawn, hauling nearly 6,000 pounds (2,700 kilograms) of cargo, including the first robot with artificial intelligence bound for space, genetically identical […]
Read moreChina’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. That values the firm at about $54 billion, almost half the valuation industry insiders touted at the […]
Read moreGerman meal-kit delivery firm HelloFresh may start selling ready-made meals to tap into demand from consumers who prefer not to cook, co-founder Thomas Griesel told a German newspaper. HelloFresh, which competes with U.S. rival Blue Apron , delivers pre-packaged meal ingredients aimed at making home cooking more accessible. “We see a very big market niche […]
Read moreTesla will “quite likely” be able to produce 5,000 Model 3s per week by the end of June, CEO Elon Musk has said. That deadline has nearly arrived, but Ross Gerber, the president and CEO of Gerber Kawasaki wealth and investment management, told CNBC that the exact figures are not an issue. “I think that […]
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Xiaomi, founded just eight years ago in Beijing, quickly became a global tech juggernaut. It’s currently the fourth-biggest smartphone player in the world, according to market researcher International Data Corporation. While that’s a significant position, it at one point occupied the third-place spot, behind Apple and Samsung, before ceding that to fellow Chinese firm Huawei. […]
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