We live in an age of unicorns. More specifically, tech unicorns. And they all share a few common traits – stellar growth, astronomical valuations and most often, heavy losses. Snapchat is one such unicorn which matches at least two, if notall of the above criteria. Snapchat’s rise in a crowded space became even more interesting after the ephemeral-messaging platform audaciously declined....More>>>
American Express is joining the movement for expandedparental leave, and it’s doing so in a big way.
The credit card giant announced on Monday that it would be widening its parental leave program to now offer paid maternal or paternal leave for up to 20 weeks. Mothers who give birth and need additional medical leave will also be able to take another six to eight weeks before returning....More>>>
Jeff Bezos donned a robot suit over the weekend, and he looked pretty happy about it.
The Amazon (AMZN, Tech30) CEO tweeted a photo of himself testing out a giant mechanical robot suit at the company’s exclusive MARS conference late Sunday night. The conference focuses on machine-learning, home automation, robotics and space.
“Why do I feel so much like Sigourney Weaver?”....More>>>
The Detroit audience for the Republican debate got noisy. Young women were dabbing behind the moderators. Protesters were hollering at Donald Trump from the cheap seats. Three people were removed from the theater by police.
The crowd for Thursday night’s GOP debate was so rowdy so loud and sometimes even disruptive that it has people asking whether debates should have audiences....More>>>
(Photo credit should read MANJUNATH KIRAN/AFP/Getty Images)
Bitcoin has left gold in the dust in recent months.
The Bitcoin Investment Trust Shares have almost tripled in value in the last twelve months, gaining more than 30 percent in the last three months alone. Meanwhile, SPDR Gold shares are down 3.78 percent in the last twelve months and up 4.49 percent in the last three....More>>>
The US dollar is bid against all the major and most emerging market currencies. An important driver is the backing up of US rates. The two-year yield, which is particularly sensitive to Fed policy is at its highest level since early June (~86 bp). The US 10-year yield is five basis points higher today at 1.77%, which is the highest in four months.
In comparison, Europe’s two-year....More>>>
The stock market once again proved its resiliency on Wednesday, bouncing back from extensive declines early in the session to recover most of its losses. The Dow Jones Industrials actually managed to post yet another record close with a modest gain, and although other major market benchmarks suffered declines, they weren’t significant. Moreover, some favorable news from certain pockets of....More>>>
U.S. stocks closed slightly higher on Thursday as an improving economic picture and greater clarity on Federal Reserve policy allowed the markets postelection uptrend to continue, putting the S&P 500 and Dow within reach of attaining new record closing highs.
The Dow Jones Industrial Average ....More>>>
U.S. equities drifted lower on Thursday as many of the trade dynamics we’ve seen since the election reversed. Stocks were weaker. Bonds were stronger. The dollar weakened. Gold rose. Interest rates declined.
There was no particular catalyst for the move. Just a nagging sense that many of these trades had become overextended and were vulnerable to profit-taking and short covering. In....More>>>
Barrick Gold (NYSE:ABX) has lowered its cash costs to such an extent that even a dip in gold prices will allow the company to enhance its bottom line performance on account of its low cost structure. In fact, even though the outlook for gold prices has weakened of late, analysts still expect Barrick Gold to report strong earnings growth both next year and in the long run.
In this article,....More>>>