Imagining the future of blockchain technology is like trying to imagine Google and Facebook on the day the first web browser came out, said Hadley Stern, senior vice president at Fidelity Labs. Stern is responsible for running Fidelity’s bitcoin, blockchain and digital currency incubator. His research team has been experimenting with bitcoin because he said […]
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Third Point’s Dan Loeb sold out of Snap shares in the second quarter, one quarter after buying the social media stock, according to a regulatory filing Friday. Snap’s shares have lost half their value since the initial public offering in March but they did get a temporary 21.5 percent bump up in May after first […]
Read moreThe Google engineer fired for writing a controversial memo about diversity has gone beyond referring to the company as an “echo chamber” that won’t stand for dissent and now says it’s “almost like a cult.” In an opinion piece for the Wall Street Journal, James Damore gave his explanation for why he was fired, taking […]
Read moreAmazon is speeding its efforts to crack the health care market, hiring a number of high-profile executives, testing Echo technology in top hospitals and creating a secret “1492” team dedicated to health-technology opportunities like telemedicine and electronic medical records. Goldman Sachs is now out with a 30-page report from five research analysts on Amazon’s likely […]
Read moreStarboard Value made a quick buck on medical information site WebMD. The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June. The stake was valued at around $24.9 million, according to Starboard’s quarterly regulatory filing, which is due about six weeks after […]
Read moreIt’s been a busy week for streaming services, and Amazon is closing things out with a huge announcement: the company has closed an overall deal with The Walking Dead creator Robert Kirkman, along with signing a first-look agreement for his production company Skybound Entertainment. In one fell swoop, it makes Amazon Prime Video the exclusive […]
Read moreGuam’s government is giving sound advice for surviving a nuclear disaster, says one expert. The government of the U.S. territory issued a two-page fact sheet on Friday, after North Korea vowed to launch an “enveloping strike” in the waters around the Pacific island. It recommends doing things such as making lists of nearby concrete buildings […]
Read moreThe Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits. The deal to secure Foxconn’s proposed LCD screen plant announced […]
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As the unemployment rate tumbled to its lowest level since 2001, Fundstrat’s Tom Lee found the market is already discounting future rising employee paychecks in stock prices. The firm shared with its clients which stocks will likely benefit most if wages inflation rises. “The labor market is set to tighten more dramatically than consensus realizes, […]
Read moreSome of Uber’s investors want to push out a venture capital firm that’s been pitted against former CEO Travis Kalanick. A shareholder group — including investors Shervin Pishervar, Ron Burkle and Adam Leber — are demanding Benchmark divest some of its shares and step down from the board of the troubled start-up. Axios earlier reported […]
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