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Monthly Archives: February 2019

EA cites ‘intense competition’ in gaming, video game stocks tank

Chesnot | Getty Images Gamers play the video game ‘Star Wars Battlefront II’ developed by DICE, Criterion Games and Motive Studios and published by Electronics Arts on Sony PlayStation game consoles PS4 Pro during the ‘Paris Games Week’ on October 31, 2017 in Paris, France. Video game stocks are getting …

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Alphabet’s Verily building a rehab campus to combat opioid addiction

David Paul Morris | Bloomberg | Getty Images An employee inspects a tray of mosquito larvae in the mosquito factory at the Verily Life Sciences LLC lab in South San Francisco, California, U.S., on Thursday, Oct. 18, 2018. Verily, Alphabet’s life science division, is building a tech-focused rehab campus in …

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Miami estate sells for a record $50 million

The Alexander Team | Douglas Elliman Mansion on Indian Creek Island, Miami. The ultra-modern home stretches over 20,000 square feet on 2 acres overlooking Biscayne Bay. It has 10 bedrooms, 14 bathrooms, a 3,000-square-foot master suite, rooftop lawn, chromotherapy spa, a 3D movie theater and two kitchens. It also has …

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Bonds and stocks going up together could be signaling market at an inflection point

Investors are buying into the riskiness of stocks, but they’re also buying the security of the bond market. That’s not the usual course for markets, but it has happened before. The conflicting investment trend comes after the Federal Reserve made an about face on its tightening policy, making risk assets …

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SoftBank’s investment fund dumps entire $3.6 billion stake in Nvidia

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018. Chipmaker Nvidia suffered another setback Wednesday after SoftBank’s Vision Fund disclosed it had sold its entire stake, worth more than $3 billion, …

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How the world reacted to Trump’s speech

Bloomberg | Bloomberg | Getty Images The ‘Pelosi Clap’: U.S. House Speaker Nancy Pelosi, a Democrat from California, right, and U.S. Vice President Mike Pence, left, applaud U.S. President Donald Trump during a State of the Union address to a joint session of Congress at the U.S. Capitol in Washington, …

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EU blocks plan for Alstom-Siemens rail merger

John MacDougall | AFP | Getty Images Visitors inspect the Coradia iLint, a CO2-emission-free regional train developed by French transport giant Alstom. The European Union blocked the rail deal between Alstom and Siemens on Wednesday, citing competition concerns. The merger proposal between the French and the German companies planned to …

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Twitter called before Indian parliamentary panel

SOPA Images | Getty Images The logos of Twitter, Facebook and Google Twitter was summoned on Tuesday before an Indian Parliament panel to present its views on “safeguarding citizens’ rights on social/online news media platforms.” The notice was tweeted by Anurag Thakur who heads the Parliamentary Committee on Information Technology …

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Bigger Pentagon budget, reassessing alliances will bolster military

Department of Defense photo U.S. Navy Aviation Electronics Technician signals to the crew of an EA-18G Growler on the flight deck of aircraft carrier USS Carl Vinson. WASHINGTON — President Donald Trump said in his State of the Union address on Tuesday that he plans to rebuild the U.S. military …

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Trump calls for end to House investigations at State of the Union

Saul Loeb | AFP | Getty Images US President Donald Trump delivers the State of the Union address at the US Capitol in Washington, DC, on February 5, 2019. President Donald Trump fired a warning shot to congressional Democrats on Tuesday night. As the president faces a slew of investigations …

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