The internet comes for every sector of the media business, eventually. No one has a moat. So eventually, everyone in the media business has a choice: Change their business to adapt to the internet, or hang on to the old business, as long as they can. But the first option is really hard, and involves […]
Read moreSome traders are looking to make even more money from the world’s biggest stock, even after Apple shares have surged nearly 12 percent in the past month. While the prices of S&P 500 options have lingered around record lows, Apple options remain relatively well bid. This means traders collectively think Apple shares have a high […]
Read moreThe idea of guaranteeing a basic income for everybody has many obvious flaws but one overwhelming virtue. It enshrines the principle that every citizen is a valued member of society and has a right to share in its collective wealth. That conviction has animated radical thinkers for 500 years since the argument was first sketched […]
Read moreOne by one, some of the biggest names in tech are publicly supporting the idea of giving cash handouts to all Americans. The latest is self-made multimillionaire Stewart Butterfield, the CEO and co-founder of the workplace chat program Slack, which is reportedly in the process of raising $500 million at a $5 billion valuation. Butterfield […]
Read moreChinese gadget-maker Eufy announced the Genie on Wednesday, a copycat of the Amazon Echo Dot that will ship with Amazon’s smart Alexa assistant and will cost even less than the Dot. Stranger still — Amazon fully supports the company, which is a sub-brand of the more familiar “Anker,” best known for portable battery packs. This […]
Read morePresident Donald Trump’s “fire and fury” ultimatum was an off-the-cuff comment, The New York Times reported, citing people involved in North Korea policy discussions. Some reports speculated that policy advisors had approved a more hawkish tone, after the president was seen glancing at a sheet of paper while making his statement Tuesday. The Times reported […]
Read moreNvidia shares have taken off, surging nearly 200 percent in the past year, making it the best performing stock in the S&P 500 over that period. Traders are anticipating an even sharper move when it reports earnings on Thursday after the bell. As Nvidia gets ready to report second-quarter earnings, the options market is implying […]
Read moreTension escalated between North Korea and the United States after President Donald Trump warned on Tuesday that the rogue state is facing “fire and fury” and North Korea state media responded it is considering a missile strike against the U.S. Pacific territory of Guam. Global and national stock markets, however, remain largely unperturbed. While safe […]
Read moreThe top three streaming platforms will likely be Netflix, Amazon and Disney, unless other tech companies act soon, technology investor Jason Calacanis told CNBC’s “Squawk Alley” on Wednesday. Disney said on Tuesday night it will remove its movies from Netflix, and will instead launch a branded direct-to-consumer streaming service in 2019. The service would create […]
Read moreThe banking industry is not paying depositors and fund providers reasonable rates for their money, according to data from the Federal Deposit Insurance Corporation (FDIC) which insures those deposits. Households and corporate treasurers seem to be oblivious to the fact that interest rates are rising. Consequently, banks are able to pay historically low rates for […]
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