Home / 2018 / December (page 14)

Monthly Archives: December 2018

SpaceX raising $500 million, new valuation at $30.5 billion: Report

Patrick Fallon | Bloomberg | Getty Images Gwynne Shotwell president and chief operating officer of SpaceX, left, speaks as NASA astronaut Bob Behnken looks on. SpaceX is raising a $500 million round of fundraising, according to the Wall Street Journal on Tuesday. The new funding puts SpaceX’s valuation at $30.5 …

Read More »

The tech ‘FAANG’ trade is no longer the favorite of investors

Drew Angerer | Getty Images The day’s final numbers are displayed on a monitor on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 19, 2018 in New York City. Technology stocks continued to plunge on Monday, with Facebook and Apple down again as the …

Read More »

Alfonso Ribeiro suing Fortnite makers over ‘The Carlton’ dance

Robin L Marshall | Getty Images Alfonso Ribeiro attends The 35th Annual Caucus Awards Dinner in Los Angeles, California. Actor Alfonso Ribeiro, who rose to fame playing Carlton in The Fresh Prince of Bel Air, is suing the makers of Fortnite and NBA 2K18 over a dance move in their …

Read More »

Record number flee to bonds

Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. Investors are fleeing stocks and buying bonds in record numbers amid the global sell-off in equities, according to a …

Read More »

As Goldman’s 1MDB mess deepens, insiders doubt the firm’s rogue banker defense

Goldman Sachs is finding it hard to distance itself from what it says were the actions of a few bad apples. The bank has said just two employees were primarily responsible for a deepening international scandal in which Goldman bankers helped a Malaysian financier plunder billions of dollars from an …

Read More »

Ex-Trump advisor Michael Flynn likely to get light sentence in Mueller case

Yuri Gripas | Bloomberg | Getty Images Michael Flynn, former U.S. national security advisor, arrives for a status hearing at federal court in Washington, D.C., U.S., on Tuesday, July 10, 2018. President Donald Trump’s first national security advisor, Michael Flynn, is set to be sentenced by a federal judge Tuesday …

Read More »

SoftBank alumni launches robot companion designed to love humans

Tomohiro Ohsumi | Getty Images Lovot robots are displayed during an unveiling event on December 18, 2018 in Tokyo, Japan. A $3,100 robot companion that exists to make people happy was unveiled on Tuesday by Japanese start-up Groove X, a tech firm founded by a SoftBank Robotics alumnus. The Lovot …

Read More »

Plans to break the current Brexit impasse could land Theresa May in even deeper trouble

Sean Gallup | Getty Images News | Getty Images BRUSSELS, BELGIUM – NOVEMBER 25: British Prime Minister Theresa May speaks at a press conference after attending a special session of the European Council over Brexit on November 25, 2018 in Brussels, Belgium.  Despite efforts by the Labour party and other …

Read More »

CBS says former CEO Les Moonves will not receive severance pay after sexual misconduct probe

Drew Angerer | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corporation, attends the annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho.  Former CBS CEO Les Moonves will not receive his $120 million severance package following a sexual misconduct probe, …

Read More »

Stocks making the biggest moves after hours: Qualcomm, Oracle and more

David Paul Morris | Bloomberg | Getty Images Mark Hurd, CEO of Oracle Corp.  Check out the companies making headlines after the bell: Oracle shares rose as much as 3.6 percent during after hours trading Monday as the company beat expectations on both earnings and revenue. The computer technology company …

Read More »