Y Combinator, the influential start-up accelerator, almost passed on a chance to invest in Dropbox because it had misgivings about bringing on a solo entrepreneur. After Drew Houston, the creator of Dropbox, scrambled to find a co-founder in time for his in-person interview, the company was admitted into YC in […]
CNBC News
Veteran trader Art Cashin: ‘We need things to calm down’ in DC to get market going
For the stock market to rebound, it is going to need a change in tone from the nation’s capital, closely followed trader Art Cashin told CNBC on Friday. The Dow Jones industrial average dropped nearly 425 points Friday and posted its worst week since January 2016. “We need things to […]
Conservatives rip Trump for signing massive spending bill that ignores many of their priorities
Some of the nation’s loudest and most prominent conservative voices tore into President Donald Trump on Friday, lambasting the president over his decision to sign a $1.3 trillion omnibus spending bill just hours after he threatened to veto it. The attacks represented a swift about-face from a group that typically […]
Trump touted his spending bill as a blessing for the military. Here’s what the Pentagon is getting
After teasing a potential veto of the colossal $1.3 trillion omnibus, President Donald Trump signed the spending bill into law Friday, touting it as a “matter of national security.” “We had no choice but to fund our military because we have to have by far the strongest military in the […]
Warren Buffett recommends investing in index funds — but many of his employees don’t have that option
This article was co-published with The Washington Post. Warren Buffett, the most successful investor of our time, is a huge fan of low-cost index funds — funds that replicate a market index rather than try to outperform it — as the way for the average investor to succeed in the […]
UK High Court grants Cambridge Analytica search warrant to ICO
A British High Court judge has granted an application by the country’s data protection watchdog for a warrant to search Cambridge Analytica’s London offices, the Information Commissioner’s Office (ICO) said on Friday. “We are pleased with the decision of the judge, and we plan to execute the warrant shortly,” an […]
Facebook fell 13 percent this week to below $160, the stock’s worst week since July 2012
Facebook stock suffered its third worst week of all time in the wake of the Cambridge Analytica data scandal — which heightened privacy concerns and spurred government probes into the social media giant. The company’s shares fell more than 13 percent for the week, closing Friday just below $160. COO […]
Dell’s VMware deal may hinge on how the companies split up value from Dell’s tracking stock
Michael Dell is going to have to sell VMware on a deal to merge. Fortunately for him, he may have about $9 billion of found money to play with. And getting the deal done may come down to how much of that he immediately transfers to VMware shareholders. The “found […]
How the world is inching closer to eradicating polio
At its height in the 1940s and ’50s, polio paralyzed more than 35,000 Americans every year. But thanks to vaccines as well as good hygiene and sanitation practices, polio has largely been forgotten in the developed world. Now, even in less-developed regions, it’s close to being wiped out entirely. But […]
Cardi B wants to know where her taxes go—here’s the answer
Cardi B might be making “money moves” but she’s not happy that so much of that money goes to Uncle Sam and she’s not sure what she gets in exchange. The Bronx-bred rapper reveals that 40 percent of her income goes to taxes in a video posted to Instagram that […]