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Monthly Archives: January 2018

Stock trading app Robinhood to roll out bitcoin, ethereum trading

The company launched about six years ago as a way for customers, mostly younger investors, to trade stocks through their smartphones for free. Robinhood also has a premium paid service, and in December launched options trading. The company now has more than 3 million users, with 78 percent falling into …

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US has not moved an inch during the NAFTA talks, say sources

Manuel Balce Ceneta | AP United States Trade Representative Robert Lighthizer, center, with Canadian Minister of Foreign Affairs Chrystia Freeland, left, and Mexico’s Secretary of Economy Ildefonso Guajardo Villarrea. U.S. negotiators have held firm in their demands for a wide-ranging overhaul of NAFTA, threesources close to the talks said on …

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Trump says he has a proposal for peace between Israel and Palestinians

Carlos Barria | Reuters U.S. President Donald Trump speaks with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. Trump’s comments follow heightened tensions between his administration and Palestinian leaders over his decision to recognize Jerusalem as Israel’s capital. Palestinian …

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Newell cuts 2018 forecasts, says it’s exploring strategic options for some of its assets

Ty Wright | Bloomberg | Getty Images Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio. Sharpie pen maker Newell Brands said on Thursday it is exploring strategic options for some of its assets that could reduce the number of factories and warehouses …

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Forget oil, ‘human capital is the new currency’ for Saudi Arabia

Brad Barket | Getty Images for Fast Company HRH Princess Reema Bint Bandar Al-Saud speaks onstage during Fast Company Innovation Festival 2016 – HRH Princess Reema Bint Bandar Al-Saud at Skirball Center, NYU on November 3, 2016 in New York City. Saudi Arabia’s modernizing reforms show human capital is the …

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Amazon gets its most bullish Wall Street call yet: $1,800 price forecast

Salvador Rodriguez | Reuters Attendees at Amazon.com annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, November 30, 2017. Amazon’s cloud business is just getting started, according to one Wall Street firm. D.A. Davidson increased its price target for Amazon shares to $1,800 from $1,500, …

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Apple taking on Amazon with a new iBooks app: Report

Getty Images Tim Cook was the second highest-paid executive of 2016, pulling in $150,036,907 Apple is going to again challenge Amazon dominance of digital books with a redesigned iBooks app, and has recently hired a former Amazon executive to help, according to a Bloomberg report. The updated app will feature …

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May calls on investors to help tech firms combat terrorism and child abuse

Getty Images | Bloomberg | Simon Dawson Theresa May, U.K. prime minister, speaks during a television interview on day three of the World Economic Forum (WEF) in Davos. British Prime Minister Theresa May has called on technology investors to help social networks stop providing a platform for terrorism, extremism and …

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Fiat Chrysler lowers part of its 2018 guidance, driving shares lower

Jonathan Ernst | Reuters President Donald Trump tours new cars with auto industry leaders, including Fiat Chrysler CEO Sergio Marchionne (L), at the American Center for Mobility, a test facility for driverless car technology for American Manufactured Vehicles in Ypsilanti Township, Michigan, U.S. March 15, 2017. Fiat Chrysler Automobiles boosted …

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Bitcoin trading is ‘gambling’: Canada central bank governor

Cole Burston | Bloomberg | Getty Images Stephen Poloz, governor of the Bank of Canada Many business leaders have also warned on the dangers of investing in bitcoin including J.P. Morgan CEO Jamie Dimon who famously called the cryptocurrency a “fraud” while investing legend Warren Buffett said the space will …

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