Russia’s deputy foreign minister says he has cancelled upcoming talks with the U.S. undersecretary of state over a new round of U.S. sanctions against Russia. The Trump administration announced Tuesday that it has imposed sanctions on 38 Russian individuals and firms over Russia’s activities in Ukraine. The Russian Foreign Ministry on Wednesday quoted Deputy Minister […]
Read moreAs of early this morning, Uber’s CEO Travis Kalanick is out. It’s the latest chapter in what has become perhaps the most enticing tech story of the year that, many might argue, begins with the bombshell letter released by Susan Fowler that discusses rampant sexism inside Uber. Things started to sour earlier this year, however. […]
Read moreTravis Kalanick has resigned as Uber’s CEO under pressure from five of the company’s biggest investors, the New York Times reports. The announcement caps a tumultuous six months in which Uber suffered a seemingly endless string of scandals and controversies. They culminated last week with a report by attorney general Eric Holder that found systematic […]
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The low volatility that’s frustrated traders gives longer-term investors all the more reason to buy stocks, Goldman Sachs portfolio strategists say. The CBOE volatility index (VIX) briefly fell earlier this month to its lowest in more than 23 years, while the S&P 500 has closed at least 1 percent higher or lower on four times […]
Read moreEtsy, the online market for handmade, vintage and craft items, will cut 15 percent of its workforce. It’s the second wave of job cuts. Combined with a round in May, the reductions amount to about 22 percent of the staff, according to a press release. Etsy has struggled in its first two years since going […]
Read moreCurrency, United States Finance
6-time Grand Slam champion Boris Becker declared bankrupt by British court
Boris Becker has been declared bankrupt by a British court after he failed to pay a long-standing debt. A lawyer for the six-time Grand Slam champion pleaded with a Bankruptcy Court registrar in London for a last chance to pay a debt that Becker has owed private bankers Arbuthnot Latham & Co. since 2015. The […]
Read moreIntel‘s ability to easily raise chip prices may be ending, as the company faces tougher competition from AMD and Nvidia, a Bank of America Merrill Lynch research analyst said. The bank lowered its rating on Intel to neutral from buy, predicting the company will lose market share to AMD’s latest server chips and Nvidia’s artificial […]
Read more[The stream is now live. Please refresh the page if you do not see a player.] Alibaba is highlighting the opportunities for American small businesses in China this week with a conference called Gateway ’17 in Detroit. Alibaba founder Jack Ma, UPS CEO David Abney and home goods icon Martha Stewart are among the featured […]
Read moreWal-Mart is telling Amazon game on. The big-box retailer is reportedly warning some tech companies that if they want Wal-Mart’s business, they can’t run applications on Amazon’s cloud platform, Amazon Web Services (AWS), a handful of tech companies have told The Wall Street Journal. Wal-Mart uses some tech vendors’ cloud apps that run on AWS, […]
Read moreEBay on Wednesday said it would match top competitors’ prices for a number of popular products in an effort to lure customers. The news follows a string of initiatives by the seller marketplace to catch up to e-commerce rivals, and ultimately set itself apart as a haven for finding treasures online rather than commodity products. […]
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