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Monthly Archives: March 2018

Austin bombings suspect reportedly killed in police confrontation

Drew Anthony Smith | Getty Images Police tape marks off the neighborhood where a package bomb went off on March 19, 2018 in Austin, Texas. The suspect believed to be responsible for a series of bombings in Texas has been killed following a confrontation with Austin’s Police SWAT team. “The …

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Toyota pauses self-driving car testing following Uber accident

Chris Carlson | AP A vehicle goes by the scene of Sunday’s fatality where a pedestrian was stuck by an Uber vehicle in autonomous mode, in Tempe, Ariz., March 19, 2018. Toyota said on Tuesday it will pause autonomous vehicle testing following an accident in which an Uber Technologies self-driving …

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Twitter (TWTR) stock down amid Cambridge Analytica scandal

Larry French | Getty Images for Thurgood Marshall College Fund CEO of Twitter and Square Jack Dorsey accepts the award for CEO of the Year onstage during the Thurgood Marshall College Fund 28th Annual Awards Gala at Washington Hilton on November 21, 2016 in Washington, DC. Shares of Twitter and …

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Credit Suisse says red-hot chip stock Micron has more room to run

Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany. One Wall Street firm is getting more bullish on Micron shares, even after the stock’s stunning performance so far this year. Credit Suisse raised its price target to $70 from $60 for the chipmaker’s …

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China may have just signaled the US product it will target

Yasuyoshi Chiba | AFP | Getty Images Dry weather in Brazil is worrying soybean traders, sending prices up amid the backdrop of rising consumption in China as the middle class grows. U.S. subsidies for its soybean farmers have given them an unfair competitive advantage in selling to China and strong …

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Travis Kalanick is joining the real estate startup City Storage Systems as CEO

Robert Galbraith | Reuters Travis Kalanick, CEO of UBER Former Uber CEO Travis Kalanick has found his new job. The controversial Silicon Valley entrepreneur is joining a startup called City Storage Systems that focuses on repurposing real estate assets. Kalanick, who will be CEO, invested $150 million into the 15-person …

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Net worth compared to income at all-time high and sending scary signal

Nine years into the second-longest bull market run in history, the level of total net worth compared with income has reached a record, according to Joe LaVorgna, chief economist for the Americas at Natixis, citing Federal Reserve data. Since the Great Recession ended in June 2009, the disparity between net …

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It will be hard to remove Mark Zuckerberg as Facebook CEO: Sonnenfeld

Paul Marotta | Getty Images Facebook founder and CEO Mark Zuckerberg received an Honorary Doctor of Laws Degree from Harvard University at its 2017 366th Commencement Exercises on May 25, 2017 in Cambridge, Massachusetts. Sonnenfeld criticized Zuckerberg and COO Sheryl Sandberg for not publicly addressing the allegations. They reportedly plan …

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Tesla shares skid into bear market amid a ‘make-or-break year’

Tesla shares skid into another bear market, and there’s more pain to come as the automaker enters a critical phase in its history, says one market watcher. “There’s been tons of pressure on the name in what many considered to be a make-or-break year for the company,” Michael Bapis, partner …

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Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting, now up more than 20% from weekend lows

Bitcoin prices recovered above $9,000 after regulators had “productive” discussions on cryptocurrency at a G-20 meeting of finance ministers and central bank governors in Buenos Aires, Argentina, on Tuesday. “The spirit of the discussion was very productive, and I agree that everybody left very pleased,” governor of the Central Bank …

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