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Monthly Archives: May 2018

Uber Q1 financial data increased sales valuation with new tender offer

Anindito Mukherjee | Getty Images Dara Kowsrowshahi, chief executive officer of Uber Technologies Inc., looks on following an event in New Delhi, India, on Thursday, Feb. 22, 2018. Ride-hailing company Uber claims strong revenue growth and reduced losses in the first quarter, while also announcing a tender offer from new …

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Bitcoin drops 9%, now back below $8,000

Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid April. The digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET, according to data from CoinDesk. All other major cryptocurrencies were also in the red despite bullish calls …

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Elon Musk complains of ‘holier-than-thou hypocrisy’ of media

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Elon Musk is not happy with Tesla’s recent media coverage, to put it mildly. The Tesla CEO said on Twitter on Wednesday that the public no longer respects “big media companies” because …

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GE shares drop 7%, heads for worst day since April 2009

General Electric stock dropped more than 7 percent in trading Wednesday after the company revealed it expects no profit growth this year in its already stagnant power business. CEO John Flannery revealed in a presentation that he believes the market for GE’s large gas powered turbines will remain weak through …

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Goldman made a staggering $200 million in one day as markets plunged

Andrew Harrer | Bloomberg | Getty Images Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc. Boom times have returned on Wall Street, at least for one trading desk. Goldman Sachs made $200 million in profit on a single day this February as calm in stock markets …

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French president tells big tech CEOs they need to contribute more to society

Charles Platiau | AFP | Getty Images French President Emmanuel Macron (C) poses for a family picture with Rwanda’s President Paul Kagame (3rdR), Facebook’s founder and CEO Mark Zuckerberg (2ndR) and IMB’s President and CEO Ginni Rometty (2ndL) as he hosts the ‘Tech for Good’ summit over lunch with tech …

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Uber ends self-driving car operation in Arizona

Justin Sullivan | Getty Images An Uber self-driving car drives down 5th Street on March 28, 2017 in San Francisco, California. Cars in Uber’s self-driving cars are back on the roads after the program was temporarily halted following a crash in Tempe, Arizona on Friday. Uber is ending its operation …

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NFL bans on-field kneeling during the national anthem

Thomas J. Russo | USA TODAY Sports | Reuters The Cleveland Browns team stand and kneel during the National Anthem before the start of their game against the Indianapolis Colts at Lucas Oil Stadium, September 24, 2017. The National Football League will require all players to “stand and show respect …

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FBI reportedly provided inaccurate encryption threat stats to Congress

Mandel Ngan | AFP | Getty Images FBI Director Christopher Wray testifies before the Senate Appropriations Committee on the proposed budget for FY2019 for the FBI in the Dirksen Senate Office Building on Capitol Hill in Washington, DC on May 16, 2018. The FBI reportedly overstated encryption threat figures to …

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Women make history in Georgia, Texas, Kentucky elections

Getty Images Georgia Democratic Gubernatorial candidate Stacey Abrams takes the stage to declare victory in the primary during an election night event on May 22, 2018 in Atlanta, Georgia. The first black woman governor in the United States. The first lesbian serving in Congress from Texas. The first Democratic woman …

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