Tesla’s bond yields blew out to record highs Wednesday on the electric car maker’s own set of problems, but analysts say it highlights signs of worry that have been creeping across markets. Analysts pointed to the explosion of volatility in stocks, where the Nasdaq has had 2 percent moves in […]
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Ripple gives away $29 million of its cryptocurrency to public schools
Cryptocurrency startup Ripple donated $29 million of its own digital currency XRP to support U.S. public schools, the company announced Wednesday. The donation, which Ripple said is the largest-ever cryptocurrency gift to a single charity, fulfilled thousands of requests from public school teachers on the crowdfunding site DonorsChoose.org. The money […]
Electronic signature provider DocuSign files to go public: growing fast, cutting losses
Electronic signature software company DocuSign on Wednesday filed paperwork to go public on the Nasdaq under the symbol DOCU, showing revenue growth of more than 50% from 2016 to 2017 while decreasing losses. DocuSign’s technology is integrated in applications from companies like Google, Oracle, Salesforce and SAP. The company’s primary […]
SoftBank Vision Fund will buy into 100 companies then consolidate some, says CEO
SoftBank CEO Masayoshi Son’s plan to take over Silicon Valley and the global world of technology is starting to take form. The $100 billion Vision Fund will invest in another 30 companies over the next two years, adding to the 30 it has already invested in over the last year […]
You could spend $97,000 on rent before you turn 30
Thanks to skyrocketing costs, student debt is more of a burden for millennials than it was for any previous generation just starting out. Prices for health care, child care and real estate pose more of a problem. And that’s not all: According to a new analysis from Rent Cafe, the […]
Lior Ron, co-founder of Uber’s self-driving truck unit, is leaving the company
The co-founder of Uber’s self-driving truck unit, Lior Ron, is leaving the company, according to personal familiar with the matter. The company last week suspended its autonomous driving tests in all cities after a fatal collision in Arizona. The governor of Arizona Monday blocked Uber’s ability to resume testing in […]
Trump and Amazon may be on a ‘collision course’ but investors shouldn’t panic, analyst says
Amazon shareholders shouldn’t worry too much over the potential regulatory threat from the President Trump administration, according to GBH Insights. Axios reported on Wednesday Trump wants to “go after” Amazon and alter its tax treatment. The company’s stock lost as much as $50 billion in shareholder value at one point […]
Market analyst Sam Stovall sees ‘at least one more’ big stock drop this year
The stock market could see at least one more big fall this year, after the S&P 500‘s more than 10 percent retreat in early February, veteran strategist Sam Stovall told CNBC on Wednesday. “We need to go down a bit more,” Stovall, chief investment strategist at CRFA, said on “Squawk […]
Special counsel Mueller links former Trump campaign aide Rick Gates to Russian spy
Special counsel Robert Mueller revealed in a court filing that former top Trump campaign aide Rick Gates had contacts with a former agent of Russia’s intelligence service as late as October 2016 – weeks before the election that propelled Donald Trump into the White House. The communications were disclosed in […]
These 9 colleges produce the most CEOs
As the cost of college rises, several high-ranking business executives have suggested that it may no longer be worth it. But cost aside, attending college is still the most common pathway to becoming a CEO. The UK Domain analyzed data on the CEOs from the 100 biggest companies in the […]