Gabriel Puliatti is an up-and-coming company CEO who, at some point in his career, will need to raise money from investors. Don’t count on Benchmark Capital being one of them. After Benchmark filed an unprecedented lawsuit against Uber’s former CEO on Thursday, Puliatti now says there is “no way” that he will accept an investment […]
Read moreThis was not the week off that Silicon Valley had planned. Google CEO Sundar Pichai now leads a workforce divided by the issue of diversity, according to an email he sent to employees cancelling an all-hands meeting on the topic. “The vast majority of you are very supportive of our decision. A smaller percentage of […]
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Biotech stocks are tracking for their worst month of the year, and one trader is betting on more misery. The iShares Nasdaq Biotech ETF, IBB, fell more than 3 percent in the past week, and if history is any indication, it could get a lot worse. Over the past 10 years, August has been the […]
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Investors this week got their first taste of market pandemonium in a long while. If they want a place to shelter from the storm, these securities have a track record of rising during times of market tumult: The Dow Jones industrial average dropped more than 200 points, and the CBOE volatility index, or VIX, jumped […]
Read moreGoldman Sachs plans to begin using a personality test as part of its hiring process in several divisions like banking, trading and finance, and some see this as one of the ultimate ways to figure out what makes prospective candidates in the industry tick. “I kind of view it as the holy grail. Can we […]
Read moreOptions experts are saying Thursday’s record volume in volatility derivatives bets may signal a dangerous problem with the size of volatility-linked trading products. The focus is on the CBOE volatility index, a key measure of market expectations for near-term volatility as conveyed by the price of S&P 500 index options. The CBOE announced VIX options […]
Read moreBarclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000. In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone. Most folks only want to spend $582, or $48.50 per month on a […]
Read moreAt least this week, bitcoin earned some points towards being a safe haven trade. The digital currency jumped more than 20 percent to a record high this week, while global stocks fell amid escalating tensions around the North Korea nuclear threat. Prices of the traditional safety asset, gold, rose just 2 percent to a two-month […]
Read moreFacebook‘s mini-network initiative is part of the company’s aggressive push into video. The Watch video platform, announced Wednesday, is Facebook’s new home for episodic shows and live events. Publishers include Group Nine Media, Hearst, Condé Nast, Refinery 29 and NASA, with more companies to be announced. CNBC spoke to several media companies who have signed […]
Read moreIn an effort to make the batteries that power wearables and medical devices safer, scientists have developed new flexible batteries that can run on saltwater — and maybe one day blood, sweat, or tears. The lightweight batteries, described in a paper published this week in the journal Chem, can withstand being folded in half a […]
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