PayPal’s Venmo has been testing its own version of a physical debit card that would allow people who use its app to make purchases in brick-and-mortar stores using money stored in their Venmo account, according to multiple sources. The Venmo feeds of some employees seem to confirm public testing of these cards, showing Venmo purchases […]
Read moreTakata’s board is convening to review bankruptcy plans over the weekend, The Wall Street Journal reported, citing sources. The company is planning bankruptcy filings in both the U.S. and Japan, and has tentative plans to sell operations to rival firm Key Safety Systems for $1.6 billion, sources told the Journal. Sumitomo Mitsui Banking is reportedly […]
Read moreInvestors should buy D.R. Horton shares because its entry-level housing business will thrive in the coming years, according to Credit Suisse, which initiated coverage on the home-builder with an outperform rating. “DR Horton is among the best positioned builders within our coverage. Over the past five years, it has effectively leveraged its operating acumen within […]
Read moreElon Musk‘s SpaceX on Friday completed the first half of its attempt at making launch history this weekend. “Falcon 9 first stage has landed,” the company tweeted on Friday. Tweet @SpaceX. SpaceX is attempting to be the first to both launch and land two different rockets within a 48-hour window. The BulgariaSat-1 Mission launched at […]
Read moreHulu, not Netflix, appears to be driving the recent increase in cord-cutting, according to Corey Barrett, a senior media analyst at M Science. Cord-cutting, long said to represent the demise of cable companies, is when customers eliminate paid TV from their service provider bundle. Barrett said a recent study from M Science shows the trend […]
Read moreTo some market analysts, quiet, expensive stock markets are being overlooked by worrisome speculative activity in products such as bitcoin. The price of the digital currency has surged since the end of last year, topping $3,000 earlier this month from $968 at the end of December, according to CoinDesk. Bitcoin traded around $2,750 on Friday. […]
Read moreChina let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported. The imports were brought in by Cofco Meat Holdings from U.S. meat processor Tyson Foods, China National Radio reported on Friday, citing Beijing Entry-Exit […]
Read moreEver wish you could peek inside the halls of Facebook to find out what it’s like to work for Mark Zuckerberg and his tech behemoth? Interns get that opportunity. They are also well-paid for their time: At $8,000 per month, Facebook summer interns make more than the average American. Those with the coveted internships report […]
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IT SEEMED, at first blush, to be a masterclass in how to bait a rival. For years, American Airlines, along with other big American carriers, has complained of “unfair” competition from Middle Eastern operators, which stand accused of taking state subsidies. On June 22nd one of those accused, Qatar Airways, said it planned to take […]
Read moreAmericans love a great comeback, so don’t discount the possibility that Uber’s Travis Kalanick may return in the future to once again lead the company he helped start, Walter Isaacson told CNBC on Friday. “It’s very hard right now to put Travis back in position. Then again, I’ve seen this movie before, which is what […]
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