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Google Buys Smartwatch Tech and Know-How From Fossil
Alphabet Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL)'s Google unit said Thursday it's buying about $40 million worth of smartwatch technology from watch maker Fossil Group Inc. (NASDAQ: FOSL), which is throwing in the R&D employees who developed it as part of the deal. What We Know While neither Google nor Fossil said what, exactly, the new technology is, the head of Google’s Wear
Tesla's Latest Round of Layoffs Calls its Growth Prospects Into Question
Tesla CEO Elon Musk announced that the company was laying off 7% of its workforce as part of a cost-cutting effort, while it focuses on ramping up production of its Model 3 vehicle. This is the second round of layoffs at the carmaker since June, when the company cut 9% of its global workforce. That round of layoffs - the
New ICO Report – OECD Comments
The OECD released a report on Initial Coin Offerings, just ahead of the World Economic Forum. Two of the advisors who participated in building the report provided their comments on what this represents for businesses around the world. vjkombajn / Pixabay [REITs] Q3 hedge fund letters, conference, scoops etc Here is the comment from Joseph Weinberg (Chairman of Shyft, CEO
The World Economy Goes Hollywood
In a world where “nobody knows anything,” investors may be no better than film-studio moguls at predicting the future. If so, then markets, instead of being predictive, become increasingly reactive, simply extrapolating recent events. LONDON – If there is one useful conclusion that economists and investors can draw from the crazy year that has just ended – indeed, from the
U.S. Government Shutdown Could Wreak Havoc on the IPO Market
With the partial shutdown of the U.S. government now closing in on a month, hundreds of thousands of federal employees are going unpaid, while its damage to the American economy is now proving to be worse than the Trump administration had previously forecast. And now the longest government shutdown in U.S. history may also inflict even further pain: There are
Blockchain is Already Bigger Than Bitcoin
Fair or not, one of the major criticisms levied against blockchain technology is that its only real-world application to date remains its first one, which is as the distributed ledger that powers bitcoin. When you read or hear from critics of the technology, the word most often used to dismiss - or at least cast doubt on the potential of
It’s Different This Time: Risk Is Up and Here to Stay
Investors are likely to remember 2018 as the end of the era of easy money, low volatility and steady margin expansion. Investing will be more challenging in 2019—and diversification will be more important than ever. Among the challenges? Volatility, slower growth, less liquidity and more policy risk. When stocks sold off globally in late 2018, investment-grade and high-yield bond spreads
New AppZen Report Reveals Insight the State of AI in Business Spend
AppZen, the world’s leading solution for automated expense and invoice audits using artificial intelligence (AI), has released its January 2019 “The State of AI in Business Spend” report, which uncovers trends and insights on enterprise business spend. The report details are based on expense reports from nearly one thousand enterprises across a variety of industries. Among the findings: [REITs] Q3
Report: Snap's CFO Left Over a Pay Dispute
After Tim Stone revealed in a filing with the Securities and Exchange Commission this week that he was leaving as chief financial officer of Snap Inc. after only eight months on the job, he gave the old standby reasoning of wanting “to pursue other opportunities.” However, it turns out Stone's departure is reportedly for a different tried-and-true reason: He wanted
NYSE-Backed Bitcoin Futures Exchange Makes Acquisition to Bolster Risk Management
Fresh off a $182.5 million debut fundraising round, Bakkt - the bitcoin futures exchange being launched by the New York Stock Exchange's parent company - has announced its first acquisition. In a blog post on Medium, Bakkt CEO Kelly Loeffler said the startup has "entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG)," a Chicago-based independent