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Report: SoftBank Eyeing Huge Stake in Uber
SoftBank has talked to Uber about taking a a multibillion-dollar stake in the ride-hailing company, according to sources who have spoken to the Wall Street Journal. If SoftBank does in fact buy a stake in Uber, it would give the Japanese telecommunications giant a "commanding stake in the ride-hailing market," the Journal notes, because it has already made significant investments
Amazon Moving into Singapore to Engage Burgeoning Southeast Asia Market
Amazon is furthering its progress in the international market, as an imminent launch of its delivery services in Singapore signals the official start of the company's push for the Southeast Asia market, reports TechCrunch. The tech giant’s famed online services, specifically Amazon Prime, Amazon Prime Now fast delivery and its established e-commerce portals, will be available in Singapore as early
Battling Billionaires: Elon Musk Says Mark Zuckerberg's Knowledge of AI Threat is 'Limited'
FinTech
Gentlemen, start your egos. Elon Musk believes the greatest threat to humanity is artificial intelligence, while Mark Zuckerberg thinks the CEO of Tesla Inc (NASDAQ: TSLA) is being irresponsible for hammering away at “doomsday scenarios.” So, what are two dueling tech billionaires to do? Hash it out on social media, naturally. The unusual public quarrel kicked off on Sunday, when Facebook Inc (NASDAQ: FB) CEO Zuckerberg took questions
Video: SGInnovate: What It Is, and How It Helps Singapore's Entrepreneurs Tackle Global Issues
Andrew Work of NexChange talks to Steve Leonard, founder and CEO of SGInnovate, at Rise Hong Kong 2017. SGInnovate is helping the entrepreneurial and ambitious build products and companies in science and tech through Singapore's innovation ecosystem. The company has been established to help ambitious and capable people to build 'deep-tech' products borne out of science research. Transcript: NEXCHANGE: Hi,
Second Solarcity Co-Founder Resigns From Tesla
SolarCity co-founder Peter Rive is reportedly leaving Tesla a little more than eight months after the electric car company bought SolarCity, a renewable energy outfit, in a $2.6 billion deal. Peter Rive’s younger brother Lyndon Rive announced his own resignation from Tesla in May to pursue a new, unnamed venture. The brothers started SolarCity in 2006 with $10 million in
'Mother of All Bubbles' Keeps Gold in Focus
Today I want to discuss reports that global debt levels are at all-time highs, and what this means for your investment decisions going forward. But first, a few comments about this past week. I recently returned from the Oxford Club’s Private Wealth Seminar, held at the historic Grand Hotel on Michigan’s Mackinac Island. The hotel, which some of you might
K.K.R. Bets Big on Health and Wellness
Private-equity titan Kohlberg Kravis Roberts (K.K.R.) is focusing heavily on health and wellness, demonstrated by two different deals made this week. In addition to a $2.8 billion acquisition of WebMD, K.K.R. has also taken a majority stake in the Nature’s Bounty Company, reports The New York Times. K.K.R.’s portfolio company Internet Brands agreed to purchase WebMD, with the deal occurring
So Bad it's Good: Blue Apron Stock Surges After Analysts Call it a Bargain
With it's stock recently falling below both its IPO price and the price of one of its meals, Blue Apron's downward spiral showed no signs of slowing down. But lo and behold: After seven analysts recommended buying the stock on Monday - giving a thumbs up to its leadership - the Blue Apron's stock surged 20 percent, as Bloomberg reports. Blue
This App Wants to Relieve Americans' Medical Debt
FinTech
What if filing your insurance claims was as easy as snapping a photo? That’s precisely what Better, a new app for for filing out-of-network health insurance claims, professes to do. Launched in June, the startup promises just a few simple steps: Visit a doctor, pay the bill, take a photo of the gibberish that is your bill, then let Better handle the entire
Chipotle Shareholders File Class-Action Lawsuit Because the Burrito Chain Keeps Getting People Sick
While last week brought yet another story of Chipotle diners getting sick - this time at a restaurant in Virginia, which led to it being briefly closed - the burrito chain has a potentially bigger headache to deal with: Shareholders have filed a class-action lawsuit against the Denver-based company, claiming Chipotle had used "misleading information" to deceive them about steps taken