Business News
Theranos Is A Cautionary Tale For European Deeptech: Staring Our Complicity In The Face
Forbes - 21 Mar 2019 17:44
With the release of Alex Gibney's new Theranos documentary 'The Inventor', deeptech startup audiences in Europe must realise that we must accept our own role in the propagation of hype, and ensure we stare our complicity...
Digital Hype Aside, Report Says Political Campaigns Are Mostly Analog Affairs
The New York Times - 21 Mar 2019 17:50
On average, candidates in the 2018 midterm races spent no more than 5 percent of their overall media budgets on digital advertising, according to a report by Tech for Campaigns.
Tesla sues autonomous car rival Zoox, claiming ex-workers stole trade secrets
L.A. Times - 21 Mar 2019 16:30U.S. probed FAA's Boeing 737 Max software approval last year: Bloomberg
Reuters - 21 Mar 2019 06:02
U.S. officials started investigating the Federal Aviation Administration's (FAA) approval of the Boeing 737 Max software linked to the Lion Air plane crash last year weeks after the accident, Bloomberg reported on Wednes...
Asian shares up on accommodative Fed; growth concerns linger
Reuters - 21 Mar 2019 05:20
Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over U.S.-China trade talks and slowing global growth capped broad gains and pulled some...
Trout, Angels finalize record $432 million, 12-year deal
Miami Herald - 21 Mar 2019 05:09
Mike Trout and the Los Angeles Angels on Wednesday night announced their 12-year contract, a record deal that ties baseball's top player to the Orange County club for what likely …
Apple emphasizes celebs over gadgets with latest rollouts
New York Post - 21 Mar 2019 04:13
Key details of Apple's big video-streaming launch next week are still under wraps, but one thing has become clear: Hollywood stars are in at the company -- and gadgets are out. The iPhone maker -- which has invited stars...
What is Fed chair Jerome Powell really worried about?
New York Post - 21 Mar 2019 03:44
Federal Reserve Chairman Jerome Powell is scared. But about what? The Fed wore its emotions on its sleeve Wednesday when it indicated that it won't push borrowing costs up any more this year, keeping the fed funds rate b...
Carl Icahn may partner up with Tilman Fertitta for Caesars bid
New York Post - 21 Mar 2019 03:23
Billionaire Tilman Fertitta, the owner of the Houston Rockets and Golden Nugget Casino, is gearing up to make a second run at Caesars Entertainment -- and he may get help from the company's controlling shareholder, Carl ...
The Very Real Relationship Between IBM's AI Computer and Alex Trebek
AdWeek - 21 Mar 2019 23:04
After her keynote at Adweek's Elevate: AI event this morning at Carnegie Hall, we caught up with IBM Watson CMO Michelle Boockoff-Bajdek. We asked her about Watson's long-running relationship with Jeopardy!, including th...
Deutsche Bank CEO sees strong case for Commerzbank merger: source
Reuters - 21 Mar 2019 18:46
Deutsche Bank chief executive Christian Sewing believes there is a strong case for a merger with Commerzbank, a person with direct knowledge of his thinking said.
Uh Oh! Small Business Optimism Fading, Report Finds
Small Business Trends - 21 Mar 2019 16:30
Are you still optimistic about your small business?
BLM lease sale nets $11.8 million in Wyoming
Miami Herald - 21 Mar 2019 16:29
A Bureau of Land Management oil and gas lease sale in Wyoming has netted $11.8 million. The agency says its online sale Tuesday and Wednesday attracted bids on 114 parcels …
Wall St. edges higher as tech boost counters losses in bank stocks
Reuters - 21 Mar 2019 16:22
U.S. stocks eked out gains on Thursday as declines in financial stocks after the Federal Reserve's move to not raise interest rates this year were countered by gains in technology companies.
Biogen scraps Alzheimer drug trials, wiping $17 billion off its market value
Reuters - 21 Mar 2019 16:19
Biogen and partner Eisai Co Ltd are ending two late-stage trials for the experimental Alzheimer's drug aducanumab, in a setback to efforts to find treatments for the disease and for Biogen's stock, which lost more than $...
Nike Shares On A Run As Company Prepares To Deliver Q3 Earnings
Forbes - 21 Mar 2019 16:12
Athletic apparel maker Nike Inc. reports fiscal Q3 earnings on Thursday after the closing bell. Investors might learn whether it can continue the across-the-board growth it saw in Q2.
Pinterest Poached Walmart CTO Jeremy King to Be Its Head of Engineering
AdWeek - 21 Mar 2019 16:00
Pinterest went shopping for its new head of engineering in the upper ranks at Walmart, tapping the retail giant's executive vice president and chief technology officer, Jeremy King, for the role. King joined Walmart in J...
California among states considering caregiver tax credits
L.A. Times - 21 Mar 2019 16:00Police: 2 seriously burned in marijuana honey oil lab blast
Miami Herald - 21 Mar 2019 15:59
Authorities say two men were badly burned in an explosion inside a storage unit at a Los Angeles commercial building being used as an illegal marijuana honey oil lab. The …
Market Pressure Continues Amid Global Economic Concerns
Forbes - 21 Mar 2019 15:55
This morning, it's apparently still sinking in that the Fed's accommodative monetary policy comes against a backdrop of a worsening outlook for the economy
With eye on Deutsche-Commerzbank, EU sends too big to fail warning
Reuters - 21 Mar 2019 15:52
Euro zone banking watchdogs said banks planning mergers should make sure they could be wound down in a crisis, a warning likely to resonate with executives seeking to merge German giants Deutsche Bank and Commerzbank.
Tax Guy: You may still be able to get a $3,450 deduction on 2018 taxes with a Health Savings Account
Market Watch - 21 Mar 2019 15:40
'HSAs require taking more responsibility for your own health-care costs instead of relying on an employer or the government.'