Business News
Apple's Trillion Dollar iPhone
Wall Street Journal - 10 Sep 2017 18:00
Apple's market value has surged in anticipation of a strong cycle, which makes further upside more challenging.
Elegy for the Sunshine State
The New Yorker - 10 Sep 2017 23:10
As Hurricane Irma arrives in Florida, Dexter Filkins writes about the state's natural beauty, rampant overdevelopment, and environmental problems.
Brigade Capital duped by Craig Carton's alleged Ponzi scheme
New York Post - 10 Sep 2017 09:18
You have to figure it's tough for hedgies to make a profit. Perhaps the most surprising aspect of the news that sports radio host Craig Carton was allegedly running a ticket-selling Ponzi scheme is that he reportedly dup...
I'm Not Here to Get Back Together
The New Yorker - 10 Sep 2017 17:00
Olivia de Recat writes a humorous plea from one ex-lover to another insisting that she does not want to reunite, but giving mixed messages.
Vevo is set to pull in nearly $200 million in upfront ad deals this year -- thanks in part to Taylor Swift
Business Insider - 10 Sep 2017 18:18
Vevo – the so-called Hulu for music videos – is seeing a surge in audience, thanks to artists like Taylor Swift. Since embracing a TV-like selling model, Vevo has locked in nearly $200 million in upfront ad buys this...
China looks at ending sales of gasoline cars
Miami Herald - 10 Sep 2017 08:37
China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars. China's industry ministry is developing a timetable to end production and sale of …
This 'liquid millionaire' always keeps his cash handy
New York Post - 10 Sep 2017 06:53
Lee Munson admits he has a cash problem. The 41-year-old is a "liquid millionaire" by his own account, with a net worth of around $2.5 million, almost all of that invested in stocks. As chief investment officer of Portfo...
Crypto Markets Suffer Weakness As Regulatory Uncertainty Worsens
Forbes - 10 Sep 2017 04:08
Does regulation represent a legitimate threat to cryptocurrencies?
There's an Old Rumor That Warren Buffett Dislikes Tech Stocks, and It's Not True
inc - 10 Sep 2017 02:34
If you look at their sector allocation over the last fourteen years, they are actually increasing their allocation in information technology companies.
My 48-Hour Existential Ordeal With MoviePass
Forbes - 10 Sep 2017 22:30
The movie ticket subscription service is a textbook study in customer alienation.
Cortana vs. Elo -- The computers have made their picks for Week 1 of the NFL
Business Insider - 10 Sep 2017 19:16
Maddie Meyer/Getty The NFL season is back and it is time to make picks and everybody could always use a little help. Below we take a look at two popular systems used to pick NFL games — Cortana, Microsoft's digital ass...
Americans in these 10 cities made a profit of 50% or more selling their homes
Market Watch - 10 Sep 2017 19:07
These homeowners made six-figure profits when they cashed out.
Why some hurricane donations won't be used until spring 2018
Market Watch - 10 Sep 2017 19:05
80% of donations happen in the days immediately following a disaster.
Lloyd Blankfein thinks the markets are too high
Business Insider - 10 Sep 2017 18:58
Analysts and commentators are often derided for saying that stocks are overpriced and due for a correction. Behavioral economics, the fad at the moment, holds that making predictions is like throwing darts at a dartboard...
A biotech CEO who sold his last company for $14 billion explains why he wants to do things differently this time
Business Insider - 10 Sep 2017 17:33
Axovant Sciences David Hung wants to do things differently at his new company. Hung's the CEO of Axovant, a company that has a shot tolaunch the first new Alzheimer's drug in 15 years. Before joining the company in April...
SURVEY: The majority of CoinDesk readers think there's a bubble in cryptocurrencies
Business Insider - 10 Sep 2017 17:30
CoinDesk The explosive growth of the cryptocurrency market even has readers of blockchain news siteCoinDeskthinking there is a bubble in the $164 billion market. Since the beginning of the year, the market cap for digita...
ROBERT SHILLER: Bitcoin is the 'best example right now' of a bubble
Business Insider - 10 Sep 2017 17:25
Wendy Carlson/Getty Images Robert Shiller, the Nobel-winning author who predicted the two biggest speculative marketsin recent history, is repeating that bitcoin is in a bubble. The cryptocurrency is "the best example ri...
Even Great Managers Tend To Make These 4 Innovation Mistakes
inc - 10 Sep 2017 17:20
You need to treat innovation differently than operations
Bell Pottinger's Middle East arm seeks split as collapse looms
BBC - 10 Sep 2017 17:16
The division's head says "nothing official had been said" about reports the firm will collapse.
Warren Buffett wins $1M bet made with hedgie a decade ago
New York Post - 10 Sep 2017 05:06
The Oracle of Omaha once again has proven that Wall Street's pricey investments are often a lousy deal. Warren Buffett made a $1 million bet at end of 2007 with hedge fund manager Ted Seides of Protégé Partners. Buffet...
Plagued by scandal, for-profit colleges target single mothers
Market Watch - 10 Sep 2017 19:05
Single mothers are overrepresented at for-profit colleges, new study finds.
UBS: Technologies like blockchain are IBM's 'best hope for recovery' (IBM)
Business Insider - 10 Sep 2017 18:30
AP/Google Blockchain may be IBM's saving grace. That's the thesis of a research note by a trio of analysts at UBS, theSwitzerland-based bank,out Tuesday morning. IBM, the New York-based technology company, has witnessed ...