At the end of every year, investment fund Rock Health asks the venture and start-up community to vote on the top digital health IPO of the year. In 2017, Tabula Rasa Healthcare won — even though the company actually went public in September 2016. It was such a drought that […]
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Dropbox still isn’t worth $10 billion, but its valuation has been creeping up
It’s been four years since investors valued Dropbox at $10 billion. Since then, in the eyes of mutual funds and other shareholders, the company has been unable to justify that price. But as the cloud file sharing and document collaboration company prepares to go public, investment firms have been gradually […]
Trump’s racial provocations, so shocking in the White House, helped get him there
In a large, diverse country, campaigns span a broad array of interests and motivations. But the political foundation of Donald Trump‘s presidency was racial grievance. Trump has repeatedly appealed to unhappy whites with his denunciation of Mexican immigrants, his defense of white supremacist protesters, and his attacks on black athletes […]
Walmart’s bonuses: Here’s what workers will receive
Walmart announced on Thursday its plans to give out bonuses of up to $1,000 to some of its employees, following the passage of new tax legislation that slashes corporate tax rates. However, the amount each hourly worker receives will depend on his or her time with the company. (See a […]
Goldman CEO Blankfein jabs at Trump: ‘Despite all the sh*t, American values will shine through’
Goldman Sachs CEO Lloyd Blankfein has once again taken a subtle jab at the Trump administration on social media, penning a response to the president’s characterization of certain nations as “sh**hole countries.” In a message on his verified Twitter account Friday afternoon, Blankfein posted a picture of the Statue of […]
D.E. Shaw & Co builds activist position in Lowe’s
Activist investor D.E. Shaw & Co. has built an active stake in U.S. home improvement retailer Lowe’s, sources tell CNBC. The firm is concerned about Lowe’s performance relative its peers, the sources said. D.E. Shaw is not planning to push for consolidation with another home retailer at this time. D.E. […]
Why Cameron Winklevoss drives an ‘old SUV’ even though the twins are bitcoin billionaires
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, […]
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 […]