On occasion, stock market rallies can be reaffirmed when buyers turn to downtrodden sectors for trades or investments, and Jim Cramer witnessed that on Thursday. “You can always tell you have a decent market when, after a big run, investors take a breather from buying the stocks people love and instead decide to scrutinize and […]
Read moreWhen cryptocurrency investors talk of influential work in the space, they often point to an August 2016 blog post titled “Fat Protocols,” written by an analyst at Union Square Ventures. That analyst, Joel Monegro, is now getting out of the traditional venture world to invest solely in crypto assets. Monegro recently left Union Square to […]
Read moreI know it’s fun to speculate on the various CEO candidates who might take over at Uber. And that’s what many in the media have been doing since its leader Travis Kalanick was jettisoned in a shareholder pique last month, often quite breathlessly. And more often inaccurately. So I checked, since someone had to. Will […]
Read moreInternet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said. An IPO will test investor’s reception to Roku, the brainchild of digital video recorder (DVR) inventor Anthony Wood […]
Read moreGetting the parties in the Qatar dispute to take directly to one another would be an important next step in resolving the crisis, the U.S. State Department said on Thursday after Secretary of State Rex Tillerson ended three days of talks in Gulf Arab countries. “Based on his meetings, the secretary believes that getting the […]
Read moreUber may be navigating a series of missteps, but don’t expect the leaders of its biggest competitor to rejoice in the company’s struggles. “There’s nothing to celebrate in this situation,” Lyft co-founder and president John Zimmer tells The New York Times. “But it does shine a light on the importance of values and ethics.” Zimmer, […]
Read morePresident Donald Trump had plenty of praise for Xi Jinping on Thursday, hours after jailed Chinese dissident Liu Xiaobo, a Nobel Peace Prize laureate, died in a state hospital. In a joint press conference with French President Emmanuel Macron, Trump called Xi a friend and a great leader he respects. “He’s a very talented man. […]
Read moreFanDuel and DraftKings have decided to scrap their merger rather than fight the U.S. government, which had sought to block the combination of the country’s two top daily fantasy sports sites on grounds that it threatened competition and consumers. In a statement, FanDuel CEO Nigel Eccles said the companies believed — even until the end […]
Read moreAt some major banks, you no longer need to have your debit card in hand to use the ATM. But that won’t necessarily protect your account from fraudsters. Several financial institutions have introduced smart ATMs to their branches in recent months. The cardless ATM sends a code to the consumer’s phone via the bank’s mobile […]
Read moreThe annual Allen & Co conference in Sun Valley, Idaho, gathers CEOs across media and technology, plus big-name investors, making it a natural destination for dealmaking. The conversations that happen behind closed doors here have birthed the biggest media deals of the past quarter century, including Comcast’s acquisition of CNBC’s parent NBC Universal, Verizon’s purchase […]
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