Business

‘Dr. Doom’ economist Nouriel Roubini calls crypto ‘stinking cesspool’

The cryptocurrency world is usually a “stinking cesspool” in addition to is usually fundamentally worth nothing, according to Nouriel Roubini, the economist famed for predicting the 2008 financial crisis. In a series of tweets, Roubini said late Thursday which a recent sharp downturn inside prices of cryptocurrencies — which came amid an intense period of selling for global stock markets ...

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Tech shares come roaring back, led by Netflix in addition to also also Amazon

Technology stocks moved sharply higher Friday, after a two-day slaughter saw the technology-heavy Nasdaq Composite Index fall briefly into correction territory, down 10 percent via its recent highs. Technology Select SPDR Fund, which tracks the S&P 500 technology sector, rose 3 percent in trading. Tech stocks were led by Netflix in addition to also also Amazon, up 5.8 percent in ...

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Sears has been liquidating outside of bankruptcy for years 

Gregory Bull | AP In This specific Nov. 17, 2004 file photo, Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart along with Sears in completely new York. When Sears Holdings CEO Eddie Lampert merged Sears along with Kmart in 2005, he believed that will combining two fading giants might create a fortified competitor ...

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Elon Musk’s Tesla files for a trademark of ‘Teslaquila’

An April Fool’s joke may become a reality for billionaire entrepreneur Elon Musk. Tesla’s CEO teased a Tesla-branded tequila earlier This particular year as part of a ruse on social media. On Monday, the company officially filed an application with the U.S. Patent as well as Trademark Office to trademark “Teslaquila.” The trademark can be for “distilled agave liquor” as ...

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Yellen says Fed can be being ‘thoroughly sensible’ as well as not crazy, as Trump says

Carlos Barria | Reuters Federal Reserve Chair Janet Yellen testifies on the U.S. economic outlook, before the Congressional Joint Economic Committee on Capitol Hill, in Washington, D.C., November 29, 2017. Former Federal Reserve Chair Janet Yellen balked at President Donald Trump’s growing attacks on the Fed as well as expressed confidence in her successor, Jerome Powell, according to The Wall ...

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Jack Dorsey’s advice to Square CFO after she took another job

Investors in fintech company Square don’t seem to approve of the departure of CFO Sarah Friar, yet CEO Jack Dorsey certainly does. On Thursday, Square’s stock plunged by as much as 16 percent before rebounding which has a 7.2 percent gain on Friday, as markets reacted to the news which Friar was departing to become CEO of Nextdoor, a social ...

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Stock starts trading on NYSE

Michael Nagle | Bloomberg | Getty Images Frank Calderoni, president as well as chief executive officer of Anaplan Inc., center, rings the opening bell during the company’s initial public offering (IPO) on the floor of the completely new York Stock Exchange (NYSE) in completely new York, U.S., on Friday, Oct. 12, 2018.  Software company Anaplan soared in its market debut ...

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Facebook security breach details

Facebook revealed on Friday that will a hack in September allowed attackers to harvest millions of phone numbers in addition to also email addresses. The company said hackers used 400,000 accounts under their control to gain the access tokens of 30 million Facebook users, according to a blog post. Access tokens are used by Facebook users to log into their ...

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