Business News
Steven Ma interview -- How Tencent is more than just a big game investor
Venture Beat - 26 Mar 2019 16:16
Steven Ma runs the game business at Tencent, which has become the largest game company in the world in terms of revenues. He believes Tencent is different.
Trump foe Avenatti charged with trying to extort $20 million from Nike
Reuters - 26 Mar 2019 02:49
Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged on Monday with what prosecutors said was an attempt to "shake down" Nike Inc fo...
Google uses AI to teach a robot how to grasp and throw things
Venture Beat - 26 Mar 2019 22:59
Google researchers have developed an AI framework that enables a picker robot to grasp and throw objects it's never seen before.
DealBook Briefing: Apple Wants to Sell the Only Bundle You Buy
The New York Times - 26 Mar 2019 12:56
In the face of flagging iPhone sales, Apple unveiled an audacious plan to dominate digital services -- but didn't offer many details on why you should sign up.
Asian shares edge up as U.S. bond yields come off late-2017 lows
Reuters - 26 Mar 2019 05:14
Asian shares bounced back on Tuesday after two days of losses as U.S. 10-year Treasury yields edged higher, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in danger of slippin...
Standard Chartered CEO says fears of China growth slowdown, trade war are receding
Reuters - 26 Mar 2019 05:06
Standard Chartered PLC Chief Executive Bill Winters said fears over a slowdown in China's economic growth and the impact of the Sino-U.S. trade tensions are "receding a bit".
S&P 500 slips with Apple, lingering fears on global growth
Reuters - 26 Mar 2019 00:05
The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service.
The Fed: Fed's Daly says globalization is a key reason why inflation is so low
Market Watch - 26 Mar 2019 21:52
San Francisco Fed President Mary Daly said Tuesday globalization is keeping workers and businesses from raising prices.
Fyre Festival’s lead designer talks about branding a scam
Fast Company - 26 Mar 2019 11:13
“From the start, the brief wasn’t really a brief. It was just: This is our audience, this is what we’re trying to sell them.” We’re living in a cultural moment obsessed with scams. From the HBO documentary on E...
EDUCAUSE Reports that Higher Education Says AI, IOT & Social Media Having Limited Impact. What?
Forbes - 26 Mar 2019 05:00
EDUCAUSE released its annual survey results of what higher education believes are strategic technologies. But noticeably absent from the highly influential -- or even worth understanding -- categories were artificial int...
Bill Ackman's hedge fund has best-ever start this year
New York Post - 26 Mar 2019 04:02
After four consecutive years of losses, Bill Ackman's slimmed-down Pershing Square is feasting in 2019. The hedge fund is up 31.9 percent this year -- marking its best start to a year in its 15-year history -- with its s...
Vale reports Brazil state authorities freeze $765 million of its assets
Reuters - 26 Mar 2019 03:03
Brazilian state prosecutors and public defenders in the state of Minas Gerais have won a bid to freeze assets worth 2.95 billion reais ($765 million) belonging to Vale, which has been struggling since a lethal dam ruptur...
Samsung Electronics expects quarter one earnings to miss market forecasts
Reuters - 26 Mar 2019 02:45
Samsung Electronics said on Tuesday that it expects its first quarter earnings to fall short of market expectations as declines in its memory chip prices have increased.
San Francisco Indie Shop Duncan Channon Acquires AG2 to Boost Its Experiential Offerings
AdWeek - 26 Mar 2019 19:43
Today, San Francisco, Calif.-based Duncan Channon announced the finalization of its plans to acquire Los Angeles' A2G, a 14-year-old shop focusing on experiential work and social media strategy. The two formerly independ...
Mississippi falling, Corps closing spillway near New Orleans
Miami Herald - 26 Mar 2019 19:12
The Mississippi River is falling at New Orleans and crews have begun closing a historic flood control structure that diverts the river's water into a brackish lake, the Army Corps …
Wayfair Will Open First Full-Service Physical Store In 2019
Retail Touch Points - 26 Mar 2019 17:25
Online home décor retailer Wayfairplans to open its first full-service physical store this fall in the Natick Mall in Natick, Mass. The retailer had previously operated a pop-up shop in this mall as well as one at the W...
Bed Bath & Beyond shares jump after hedge funds call for overhaul
New York Post - 26 Mar 2019 17:12
Investors filled their carts with Bed Bath & Beyond stock Tuesday after a hedge fund triumvirate called for a complete overhaul of the retailer's board and the ousting of its chief executive. Shares were up as much as 27...
EU demands scrutiny of 5G risks but no bloc-wide Huawei ban
Reuters - 26 Mar 2019 17:09
EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China's Huawei Technolog...
Fuel prices, the US dollar take off, and drag on Carnival
Miami Herald - 26 Mar 2019 17:09
Carnival slashed its profit expectations for the year with rising fuel costs and a strong dollar squeeze the cruise company. Shares slumped 7 percent Tuesday after the pessimistic outlook overshadowed …
Citigroup makes its move in $90 billion battle over swipe fees
American Banker - 26 Mar 2019 17:05
Citigroup Inc. is jumping into the battle over the $90 billion in swipe fees that merchants pay each year to process debit and credit cards.
EU ignores US calls to ban Huawei in 5G cyber blueprint
Miami Herald - 26 Mar 2019 17:04
The European Commission has ignored U.S. calls to ban Chinese tech supplier Huawei as it announced a series of new cybersecurity recommendations for next-generation mobile networks. In its guidance for …
MLB suspends Giants CEO Larry Baer for altercation with wife
Miami Herald - 26 Mar 2019 17:02
Major League Baseball suspended San Francisco Giants President and CEO Larry Baer without pay through July 1 after a video showed him in a physical altercation with his wife. Commissioner …