For months, the text messages came. Some were flirtatious, asking her to meet him late at night. Sometimes, the texts were sexually explicit. The messages were directed at Laura Munoz, an executive assistant at the online lending start-up Social Finance. The texts were from her boss, Mike Cagney, the company’s chief executive, according to five […]
Read moreSouth Korea said on Wednesday traces of radioactive xenon gas were confirmed to be from a North Korean nuclear test earlier this month, but it was unable to conclude whether the test had been for a hydrogen bomb as Pyongyang claimed. North Korea conducted its sixth nuclear test on Sept. 3, prompting the UN Security […]
Read moreCryptocurrencies have exploded in popularity in recent years, thanks to innovation in blockchain, the distributed ledger technology underpinning those virtual tokens such as bitcoin. That has led to a red-hot fundraising trend where start-ups are pulling in millions of dollars in capital by issuing virtual coins to investors in exchange for money. As a result, […]
Read moreThe year may be nearing its last lap, but Nomura isn’t done with currency trades, setting six to run through the end of 2017. Here’s what the Japanese financial services firm recommended: Nomura was already bearish on the dollar against the euro and now it’s adding the yen. The bank said in a section subtitled […]
Read moreChina plans nationwide use of ethanol in the nation’s gasoline fuel by 2020, state media reported on Wednesday citing a government document, as Beijing intensifies its push to boost industrial demand for corn and clean up choking smog. It also aims to have large-scale domestic production of cellulosic biofuels, which are made from sources such […]
Read moreWall Street closed at record levels following comments about tax reform and fading investor fears ahead of Wednesday trade. U.S. Treasury Secretary Steven Mnuchin said Tuesday that tax reform could be backdated to Jan. 1, 2017 as it would be a “big boon for the economy.” Mnuchin also told CNBC that the Trump administration was […]
Read moreApple unveiled a new Apple Watch Series 3 on Tuesday, and CNBC had a chance to look at one following Apple’s press conference. The Apple Watch Series 3 is similar to earlier models but one new option features cellular connectivity that lets you use the watch without an iPhone nearby. This means you can place […]
Read moreWall Street’s lofty valuations for Apple’s holiday sales may not hold up after Tuesday’s event, one industry expert told CNBC. Analysts have been expecting Apple to post sales of $86.8 billion in the quarter ending in December, according to FactSet, up from $78.4 billion in the year-ago period. That figure is driven both by a […]
Read moreCNBC’s Jim Cramer sees far too many investors ignoring a simple formula that has kept him level-headed during his years on Wall Street. “Newsflash: stocks, by and large, do get cheaper when they go lower. Call me captain obvious for pointing it out, but I think this commonsense wisdom often gets ignored when we’re analyzing […]
Read moreApple announced a $999 iPhone on Tuesday, a move many said pushed the limits of how much someone would pay for a phone compared to where else that money could be spent. The iPhone X (“ten”) is way more expensive than the last new flagship phone from Apple: The iPhone 7 started at $649 when […]
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