Investors Tyler and Cameron Winklevoss may be among the first bitcoin billionaires, but they don’t act much like it. When the twins were awarded $65 million in cash and Facebook stock after a lengthy legal dispute with Mark Zuckerberg, they used their windfall to take a risk: They backed bitcoin, […]
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Planetary Resources’ new satellite launch is big step in the mission to mine water from asteroids
An Indian-built PSLV rocket successfully deployed 31 satellites from seven countries into orbit Friday, a big step in the burgeoning global space industry. Among them was Planetary Resources’ Arkyd-6 satellite, which has the ambitious mission of learning how to prospect asteroids for mining. Arkyd-6 will test 17 new technologies, with […]
Under-the-radar store closures are leaving big gaps and putting more malls at risk
More stores could be closing across the U.S. than we ever read about, leaving malls with even bigger gaps to fill. Out of the roughly 2,500 stores that closed in U.S. malls over the past year, excluding department stores, about 980 weren’t publicly announced, according to a new report from […]
Trump said ‘pretty Korean’ analyst should negotiate with North Korea based on her ethnicity: NBC
President Donald Trump suggested in the Oval Office that a “pretty Korean” analyst’s ethnicity should qualify her for negotiating with North Korea on behalf of the United States, NBC News reported Friday. The woman, an intelligence analyst who had visited the White House to brief Trump on an impending hostage […]
Amazon’s latest patents are focused on video, augmented reality and the connected home
Amazon has about 500 patents pending. Of course, not all of them will form the basis of products, but Amazon has had some very notable patents — like one-click shopping and many of the technologies that make up the foundation of cloud computing, now its most profitable business. So we […]
Bonds entering the ‘danger zone,’ market watcher says
Since 1981, prices of U.S. bonds have generally gone in one direction: up. But, according to one widely followed technician, the long boom could be heading for a bust. Piper Jaffray’s Craig Johnson says bond yields are entering a “danger zone” as they approach 2.60 percent. “When you’ve had these […]
Hot tech stock Activision will keep surging, says trader
It’s game on for Activision Blizzard, says TradingAnalysis.com founder Todd Gordon, as the charts are pointing to new high scores – or new all-time highs, rather – for the gaming stock. Gaming stocks have surged over the past year. Activision has seen a 76 percent rise while rivals Take-Two and […]
Self-driving cars take over CES: Here’s how big tech is playing the market
Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia and competitors AMD, Intel and Qualcomm all unveiled new chip technology at CES this week. But Nvidia’s was most focused on […]
Kohl’s shares surge after two banks upgrade the retailer making a comeback
Kohl’s stock rallied in premarket trading Friday after two Wall Street banks upgraded the company’s shares. Both J.P. Morgan and RBC Capital Markets cited Kohl’s improving same-stores sales (i.e., comp sales) in raising their ratings on the apparel department store. “We see Kohl’s as a rare large cap ‘value’ idea […]
Chevron and ConocoPhillips could be key drivers in the energy rally
Energy has gone from zero to hero this year. The sector drove a market rally Thursday, and pushed the S&P 500 to records, in what has been the great comeback story of 2018 so far. Nearly two weeks into the new year and energy has emerged as the best-performing sector. […]