Initial public offerings are a dying breed, a phenomenon that has attracted recent attention, especially given the fire hose of emerging tech-related start-ups, The real losers are ordinary investors. For decades, individuals have participated in the fastest growth segments of the economy by making stock investments through their pension plans, 401(k) accounts and mutual funds. […]
Read moreTop venture capital firm Andreessen Horowitz is doubling down on crypto, even as bitcoin and other cryptocurrencies have struggled to find footing this year. The firm raised $300 million for its first-ever fund dedicated to crypto companies, Andreessen Horowitz announced Monday. Over two to three years, it plans to put that money in everything from […]
Read moreWhen Ruhi Sarikaya, Amazon’s director of applied science, spoke at the World Wide Web conference in April, an Echo device on stage introduced him as the person “building my brain.” Then it shared a fun fact about his previous job: he founded a key group within Microsoft’s Cortana voice-assistant team. “His group has built language […]
Read moreShares of small-cap Cirrus Logic bucked the downward trend in semiconductor stocks Monday, rallying more than 3 percent after an analyst speculated the company’s chips will be used in the second generation of Apple’s AirPods. “The device is expected to incorporate active noise cancellation powered by Cirrus Logic,” Susquehanna analyst Christopher Rolland wrote in a […]
Read moreShares of Netflix were on pace for the stock’s worst day in nearly two years Monday, as some of the year’s best-performing tech stocks tumbled. Netflix fell as much as 7 percent — its biggest drop since July 2016 — to a session low of $381.50. The stock closed Friday above $411 after gaining nearly […]
Read moreSeveral of the market’s favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump’s plan to restrict foreign investments in U.S. technology companies. On Sunday the Wall Street Journal said the Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies […]
Read moreApple is creating a special news section around the 2018 midterm elections, with stories curated by human editors as well as exclusive content, the company said Monday. Apple News will host special midterm features from The Washington Post, Axios and Politico in addition to its curated news hits from “trusted publishers” like Fox News and […]
Read moreAmazon could end up doubling Whole Foods’ customer base through new Prime incentives, tech analyst Mark Mahaney told CNBC on Monday. The e-commerce giant announced Monday that Prime members will have access to special savings in Whole Foods’ locations nationwide, starting Wednesday. Savings include an additional 10 percent off Whole Foods products that are already […]
Read moreDespite bitcoin plunging last month, Goldman Sachs-backed start-up Circle had a big uptick in hedge funds and other big league investors joining its digital currency trading platform. In response, the company is making “Circle Trade” automated, so investors can place high frequency and block orders without talking to an actual person, the company announced Monday. […]
Read moreAT&T said on Monday it would buy online advertisement exchange company AppNexus, less than a month after the No. 2 U.S. wireless carrier closed its $85 billion deal to acquire media company Time Warner. AT&T did not disclose the AppNexus deal value. However, the Wall Street Journal, citing sources, reported last week that the company […]
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