CNBC’s Jim Cramer has been known to take fantasy football way too seriously, and on Thursday, he took it to the next level. “It’s time for me to show my reality, not fantasy, but reality stock team, the one I drafted in my head last night while I was busily putting together what could be […]
Read moreBlake Ross, the founder of Firefox and a former Facebook executive, will join Uber to develop product strategy, Uber confirmed on Thursday. Ross posted on Facebook that he would work with Uber part-time from Los Angeles. He’s been an outspoken Uber-watcher on social media, posting about the company’s self-driving trucks and even suggesting that Salesforce […]
Read morePresident Donald Trump is expected on Friday to eliminate a program protecting young people brought to the United States illegally as children from being deported — a move that’s drawing fierce criticism from the tech industry. The program in question is called Deferred Action for Childhood Arrivals, and since it was implemented under former President […]
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Goldman Sachs predicts two U.S.-listed Chinese stocks, Momo and YY, will surge double-digits on the rapid growth of the video livestream market there. “China is leading the world in live streaming – where individuals broadcast themselves singing, chatting or even eating,” equity research analyst Fan Liu and a team of other analysts said in a […]
Read moreElectronics giant Samsung is the latest company to get the go-ahead to test self-driving cars on California’s public roads. That’s according to the list of companies who’ve agreed to the terms of the Autonomous Vehicle Tester Program from the California Department of Motor Vehicles, which was updated Wednesday. Samsung joins companies such as Apple, Bosch, […]
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When charted, bitcoin‘s rapid gains resemble how stocks surged into the tech bubble before collapsing. David Ader, chief macro strategist at Informa Financial Intelligence, matched a graph of the Nasdaq Telecommunications Index at its peak in 2000 to bitcoin’s five-year run to all-time highs. “This is the price chart for an overly frothy market, in […]
Read moreSandler O’Neill + Partners says Wells Fargo’s announcement on Thursday that it found 1.4 million more potentially unauthorized account openings than previously thought isn’t as bad as it seems because the bank reviewed a longer time period. “It’s important to keep this in context. Yes the number of affected accounts was up by 65 percent […]
Read moreU.S. regulators this week approved the first drug for a new type of cancer treatment, confirming a theme some stock pickers have found in biotech. “There is a revolution taking place in the practice of medicine, particularly cancer therapy, and most of that innovation is taking place in the biotech companies,” said Chris Sassouni, health […]
Read moreThe National Oceanic and Atmospheric Administration has released a map filled with images of many of the areas affected by Hurricane Harvey. Two of NOAA’s Hurricane Hunter aircraft flew over much of the region and took aerial photos of the flooding and damage. The images are being updated every 12 hours, a NOAA rep told […]
Read moreAmazon and Microsoft, two archrivals in cloud computing and stiff competitors for Seattle-area tech talent, are cooperating a lot more. Earlier this week, we saw the marriage of Amazon’s Alexa virtual assistant and Microsoft’s Cortana. Then, on Thursday, the companies announced they were teaming up so programmers can more easily take code they manage in […]
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