SoftBank Group, a prolific investor in global technology startups, reported a sharp rise in quarterly profits and said it would be interested in parking funds in ride-hailing firms Uber Technologies or Lyft in the future. This is the first time Softbank has publicly indicated an interest in Uber, after having so far put funds into […]
Read moreCurrency, United States Finance
Could gold finally have a purpose? New research says it could help in the fight against cancer
Tiny fragments of gold could be used in the fight against cancer, according to scientists at the University of Edinburgh. Researchers found that the precious metal could be used in such a way so that it increases the effectiveness of other drugs prescribed to treat lung cancer cells. Microscopic pieces of the precious metal – […]
Read moreOaktree’s Howard Marks sounded a general alarm last week about the state of stock markets, private equity, credit markets and — for good measure — new digital currencies like bitcoin and ethereum. Essentially, he wrote in his letter to investors that everything is overvalued. On the cryptocurrencies, he went further. He stated several times that […]
Read morePilotless planes could not only be a future method of transport, but an economically-beneficial one too, according to new research by Swiss bank UBS which claims that they could save airlines billions of dollars. “Reducing the intervention of human pilots on aircraft could bring material economic benefits and improve safety,” UBS analysts wrote in a […]
Read moreWhat will the office of tomorrow be like? The needs of employees are changing and businesses must change with them in order to attract the best workers. One way to do this will be combining work and leisure, experts tell CNBC. “Employers today need to create an environment that attracts the talent and allows them […]
Read moreIn a vaguely worded explanation, Singapore’s government has expelled a prominent Chinese-born American academic from the country. It’s an unusual move for the city-state, which reportedly may not have taken the step for decades. Huang Jing, who had been granted permanent residency in Singapore, was high profile: He was the director of the Centre on […]
Read moreWith the exception of a few hours last month when he was briefly eclipsed by Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates has maintained a firm hold on the title of the world’s richest individual. His road to riches began when he was a tech-obsessed 13-year-old student at Lakeside School in Seattle, Washington. As […]
Read moreCurrency, United States Finance
Elon Musk’s Tesla could soon be overtaken in the global ‘arms race’ for batteries, strategist says
Elon Musk’s auto manufacturing firm Tesla appears to be in the lead in the “arms race” for lithium-ion batteries, but others may be soon to follow, a former prominent Credit Suisse research head told CNBC on Monday. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction […]
Read moreCheck out which companies are making headlines before the bell: Tyson Foods – The food producer earned an adjusted $1.28 per share for its latest quarter, 10 cents A share above estimates. Revenue also exceeded forecasts as the company’s beef and pork segments performed well. Marriott – The hotel chain has struck a joint venture […]
Read moreNorth Korea is ready to give the United States a “severe lesson” with its strategic nuclear force if it takes military action against it, and will not put its nuclear program or its missiles on the negotiating table, it said in a statement to a regional meeting on Monday. In a transcript of a statement […]
Read more