The key to opening up low-Earth orbit, and space travel in general, is building rockets and spacecraft that are almost entirely reusable, said Elon Musk. Spacecraft have to become as much like any terrestrial or sea-faring vehicle as possible — meaning they can be reused again and again —Musk said, speaking at the International Space […]
Read moreBefore computers completely take over the hedge-fund industry, they need to overcome one tiny obstacle: investment returns. In the first half of the year, computer-generated strategies, or what they call in the business, systematic strategies, returned 3.17 percent, according to data by Preqin. That compares with the more-traditional discretionary strategy, which returned almost double that, […]
Read moreThere’s been talk about Facebook CEO Mark Zuckerberg making a presidential run in 2020. Zuckerberg has nixed those rumors. But if it were true? What if Mark Zuckerberg and Donald Trump were to face off in the next election? As of now, it would be a dead race, according to a new poll: 40 percent […]
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Fund managers see Nasdaq stocks as the most crowded trade in the world, and as a result, they trimmed technology positioning in June and reduced allocations to U.S. stocks to the lowest since 2008. For three months, Nasdaq has been dubbed the most crowded trade by global fund managers in the monthly Bank of America […]
Read moreDaymond John knows a thing or two about starting a business. While waiting tables at Red Lobster, he founded streetwear brand FUBU on the side, building it into a company worth $6 billion. Now a judge on ABC’s “Shark Tank,” John identifies up-and-coming ventures and helps new founders get their businesses off the ground. But […]
Read moreAfter selling DreamWorks animation to NBCUniversal for $3.8 billion, executive Jeffrey Katzenberg’s next move is to create a TV service for the mobile generation. The proposed New TV, which Katzenberg told CNBC will cost about $2 billion to launch, will feature original shows. Episodes will be no longer than 10 minutes in length, but retain […]
Read moreMore than 9 billion tons of plastic have been made since the 1950s, and the vast majority of it has been thrown in the trash, says a new study. The paper says it is the first attempt to measure the total amount of plastic produced since the beginning of mass plastic production in the middle […]
Read moreAnalysts on Wall Street are predicting that Amazon could become the first trillion-dollar company, but in its early days, the e-commerce giant didn’t look like much. A tweet showing Amazon’s very first landing page has been making the rounds after the company marked its 22nd anniversary in July. For one venture capital expert who works […]
Read moreGoogle and Facebook are doubling down on products to promote content like news and entertainment articles — but that doesn’t mean publications should partake, according to one technology investor. “Google should be looked at — is being looked at — as the enemy of content companies,” Jason Calacanis said on Wednesday. “They’ve really screwed over […]
Read moreDespite their surging popularity, initial coin offerings for digital currency start-ups remain almost entirely unregulated, leaving many institutional investors on the sidelines waiting for more clarity. They’re unsure if the cryptocurrencies should be treated as securities, which would subject them to heavier regulations and scrutiny from the SEC. Often the companies have no product to […]
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