LISBON—Uber now has its eyes on the skies. In a talk Wednesday morning at the Web Summit conference here, chief product officer Jeff Holden outlined the ride-hailing firm’s plans to take commuters across major cities in electric-powered air taxis by 2020, starting in Los Angeles. But its plans to have four-passenger, vertical-takeoff-and-landing aircraft zip above […]
Bitcoin crashed more than 25% from Wednesday’s all-time high of $7,721 to a low of $5,617 on Sunday, according to data from CoinDesk. Over the weekend, bitcoin appeared to give up market share to bitcoin cash, a clone coin created to improve bitcoin’s slower transaction speeds Briefly, bitcoin’s market cap as a percentage of the total cryptocurrency […]
Keith Bliss of Cuttone and Company joins Yahoo Finance’s Alexis Christoforous from the floor of the New York Stock Exchange to discuss OPEC’s forecast that demand for oil from its members is set to rise 400,000 barrels per day in 2018.
Hock Tan Donald Trump Martin H. Simon/Bloomberg via Getty Images Mega-deal M&A transactions worth over $10 billion are surging back after a largely dormant first half off the year. Wall Street bankers say an improving global economy and confidence in the regulatory environment are playing a role. The looming threat of super-corporations like Amazon has many […]
Nvidia, Goldman Among 5 Bitcoin Stocks To Watch As Cryptocurrency Soars Depending on who you ask, Bitcoin is a bubble, a fraud, a money-laundering vehicle, a volatile mess or a crucial, necessary phase in monetary evolution. XAutoplay: On | OffStill, the currency, while down 9% on Friday, is up more than 600% this year. Until […]
iPhone maker completed a six-part, fixed-rate deal to raise the funds needed to pay dividends and buy back shares Apple Inc. issued $7 billion of debt on Monday, in its latest fundraising to finance a $300 billion shareholder rewards program. Apple AAPL, -0.33% issued 2-year, 3-year, 5-year, 7-year, 10-year and 30-year fixed-rate notes with the 10-year tranche […]
Open enrollment is here and lasts until mid-December. Initial signups have been strong. (Associated Press) Open enrollment for Obamacare began on Nov. 1, and more than 601,462 people signed up in the first four days. That’s considered a strong number — it’s up 179% compared to the same period last year, according to former Health and […]
Here’s a dirty little secret the TV companies would prefer that you didn’t know: You can’t see the difference between 4K and regular high definition. “4K” means four times as many pixels as on an HDTV in the same space. And from a normal seating distance, on standard TV sizes, the human eye can’t make out the […]
Washington (CNN) – The dramatic intensification of the Russia investigation on Monday reignited President Donald Trump’s fury at the controversy clouding his presidency, prompting his aides to urgently advise him against lashing out at special counsel Robert Mueller as they work to revive a halting policy agenda. Watching the developments unfold on the large television screens installed in his private […]
Sears Depletes $200 Million Loan in Latest Sign of Cash Burn Sears Holdings Corp. drew down the remaining $60 million on a $200 million loan, signaling that the struggling department-store chain is quickly running through cash. The retailer set up a revised loan on Oct. 4 and borrowed an initial $100 million, according to a […]
Gold notched a second session gain in a row Monday as the highflying dollar cooled and the yellow metal came off its sixth weekly decline in the past seven. December gold GCZ7, -0.10% tacked on $5.90, or 0.5%, to settle at $1,277.70 an ounce. Gold’s finish at $1,269.60 last Thursday was the lowest since Aug. 8, according to […]
WASHINGTON (Reuters) – General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches tied to nearly 400 deaths and injuries, the company said on Sunday. An Orange County superior court judge late Friday approved […]
