FILE PHOTO – A sales person shows a gold ring to customers at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Ahmedabad, India, October 28, 2016. REUTERS/Amit Dave/File photo Gold prices dipped early on Monday on a stronger U.S. dollar, but remained close to a one-month high […]
Bitcoin Surges Past $8,000 as Technology Concerns Subside Bitcoin topped $8,000 for the first time as investors set aside technology concerns that saw it tumble as much as 29 percent this month. The world’s largest cryptocurrency’s rise is becoming too big for many to ignore with three separate slumps of more than 25 percent all giving way to subsequent […]
IAC Chairman Barry Diller believes traditional media companies will become serfs to tech giants like Facebook and Google. (Yahoo Finance) SAN FRANCISCO — The billionaire media mogul behind such popular sites as Expedia, Match.com and HomeAdvisor has a one-word forecast for traditional media conglomerates concerned about being replaced by tech giants: serfdom. “They, like everyone else, […]
Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-Sudani Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue […]
utures for the S&P 500 index futures fell modestly early Monday morning after German coalition talks broke down, putting into doubt the future of long-running Chancellor Angela Merkel. Meanwhile, Marvell Technology (MRVL) reportedly is near a deal to buy fellow Cavium (CAVM) for $6 billion as chip takeover buzz has heated up with Broadcom (AVGO) making a $130 billion overture to […]
Bill Gurley is a general partner at Benchmark. His firm was involved in a lawsuit against Uber’s former CEO. Gurley has been outspoken about the state of venture capital on his widely read blog, “Above the Crowd.” When it comes to Uber, venture capitalist Bill Gurley said he thinks he was on the right side […]
Information-technology firms and construction-related companies dominate the fastest-growing industries in the U.S., according to new data from Sageworks, a financial information company. Computer systems design (and related services) sits atop the ranking of the 10 fastest-growing industries, having posted, on average, 18% sales growth for the 12 months ended Dec. 31, based on Sageworks’ financial […]
Daimler, Bosch and Warren Buffett are all racing to electrify trucking Tesla CEO Elon Musk announced earlier this year that an all-electric semi was already in development. He later teased its driving impressions during a Technology, Entertainment and Design conference. While the company plans to show off its electrified rig in coming days, Tesla is already facing competition from some […]
REUTERS The chief executive of Goldman Sachs, Lloyd Blankfein, has suggested holding another referendum on Brexit. Mr Blankfein tweeted: “Here in UK, lots of hand-wringing from CEOs over #Brexit… So much at stake, why not make sure consensus still there?” The firm, which is known to have taken office space in Frankfurt, employs about 6,000 […]
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Tuesday it was considering investing in Uber Technologies Inc [UBER.UL] but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may […]
LISBON—Uber now has its eyes on the skies. In a talk Wednesday morning at the Web Summit conference here, chief product officer Jeff Holden outlined the ride-hailing firm’s plans to take commuters across major cities in electric-powered air taxis by 2020, starting in Los Angeles. But its plans to have four-passenger, vertical-takeoff-and-landing aircraft zip above […]
Bitcoin crashed more than 25% from Wednesday’s all-time high of $7,721 to a low of $5,617 on Sunday, according to data from CoinDesk. Over the weekend, bitcoin appeared to give up market share to bitcoin cash, a clone coin created to improve bitcoin’s slower transaction speeds Briefly, bitcoin’s market cap as a percentage of the total cryptocurrency […]
