Can your financial plan stand the test of time? It may need to last longer than you think. Since 1950, life expectancies at birth have ticked upward at a rate of roughly two years per decade, from an average 68.2 for a newborn in 1950 to 76.8 for one in […]
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Another central bank just issued a warning about cryptocurrencies
Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium […]
Kroger is said to consider buying online wholesaler Boxed for up to $500 million
Grocery chain Kroger has considered buying online wholesaler Boxed, according to a person familiar with the matter, as more shoppers place food orders online and as competition with Amazon.com Inc heats up. The potential deal, which arose as the New York-based start-up was seeking funding, likely values Boxed at between […]
North Korea says it’s considering proposal for united Korean women’s hockey team, Yonhap reports
North Korea’s International Olympics Committee (IOC) official said it is considering South Korea’s proposal for a united female hockey team, Yonhap news agency reported on Saturday. South Korea’s unification ministry and sports and tourism ministry both said they have no knowledge of the matter. A senior South Korean official said […]
New Trump policy could strengthen role of nuclear weapons
President Donald Trump’s administration could pursue development of new nuclear weaponry and explicitly leave open the possibility of nuclear retaliation for major non-nuclear attacks, if a leaked draft policy document becomes reality. The Pentagon did not comment on the document, which was published by the Huffington Post website and prompted […]
Current and former Uber security staffers cast doubt on spying claims
The former security chief of Uber Technologies swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet’s self-driving unit Waymo, and would be “shocked” if that had occurred. In a deposition taken in mid-December near San Francisco, Joe Sullivan, Uber’s […]
Top VC deals: Jaguar backs robo-taxis, Google buys Redux, Celgene buys new cancer drugs
Here’s a roundup of the most important deals in venture capital from the past week. Celgene acquired a developer of cancer drugs, Impact Biomedicines, in a deal valued at up to $7 billion the companies announced on Sunday. The deal entails a $1.1 billion initial payment to the start-up, and […]
Amazon lost cloud market share to Microsoft in the fourth quarter: KeyBanc
Amazon lost share in the public cloud business in the fourth quarter, while Microsoft continued to gain momentum, according to research from KeyBanc analysts. Amazon Web Services had 62 percent market share in the quarter, down from 68 percent a year earlier, KeyBanc’s Brent Bracelin and other analysts wrote in […]
Disney says Sheryl Sandberg, Jack Dorsey are leaving its board as Facebook, Twitter push into media
Walt Disney Co. said late Friday that Sheryl Sandberg and Jack Dorsey won’t be re-nominated to its board, citing conflicts of interest as Facebook and Twitter push further into Disney’s businesses. In its annual proxy filing, the media giant said it would propose a slate of 10 directors at its […]
Russia says it killed rebels behind swarm drone attack in Syria; experts see more such strikes ahead
Russia‘s defense ministry said Friday it tracked down and killed the group of militants responsible for a recent coordinated drone attack against one of its bases in Syria. Experts said swarm-like attacks using weaponized drones is a growing threat and likely to only get worse. They also said the possibility […]