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Andrew Harrer | Bloomberg | Getty Images Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Despite the stock market sell-off this week, J.P. Morgan Chase CEO Jamie Dimon predicts the Federal Reserve will likely still raise interest rates in December. “The fact is, it’s a strong economy and …
Read More »Monthly Archives: December 2018
Jeff Flake wants Pentagon to stop paying for robot bartenders
Martin Leissl | Bloomberg | Getty Images A industrial robotic arm pours a glass of beer in Munich, Germany, on Tuesday, June 21, 2016. Sens. Jeff Flake, R-Ariz., and Catherine Cortez Masto, D-Nev., want the Defense Department to stop using federal funds to develop beerbots and robot bartenders. The REDUCE …
Read More »Untuckit eyes valuation greater than $600 million
Jeenah Moon | Bloomberg | Getty Images Shoppers browse clothing inside an Untuckit LLC store at the King of Prussia mall in King of Prussia, Pennsylvania, Oct. 20, 2018. Men have worn untucked shirts for years. When a company came along to sell only shirts that are designed to be …
Read More »Lyft files to go public, could be the first major tech IPO of 2019
Kelly Sullivan | Getty Images A Lyft Amp with driver and passenger on January 31, 2017 in San Francisco, California. Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO …
Read More »Apple shares fall after two analysts slash their expectations for the stock
Anton Novoderezhkin | TASS | Getty Images Store shop assistants as Apple launches iPhone XS, iPhone XS Max, and iPhone XR sales in Russia. Shares of Apple fell on Thursday in premarket trading after two analysts cut the tech giant’s price target on weak iPhone demand going forward. Purchase intention …
Read More »Lance Armstrong says his investment in Uber ‘saved our family’
Getty Images Lance Armstrong during an interview with Oprah Winfrey regarding the controversy surrounding his cycling career January 14, 2013 in Austin, Texas. After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in …
Read More »Fed reportedly rejects Wells Fargo’s reform plan for preventing further consumer abuses
Getty Images CEO and President of Wells Fargo & Company Timothy Sloan testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee October 3, 2017 on Capitol Hill in Washington, DC. The Federal Reserve rejected Wells Fargo’s plan to prevent more consumer abuses by the embattled bank, adding …
Read More »Newcastle United could be the latest Premier League soccer team to have American owners in $382 million takeover
Jan Kruger | Getty Images Sport | Getty Images Fabian Schar of Newcastle United battles for possession with Bernard of Everton during a Premier League match on December 5, 2018 in Liverpool, United Kingdom. It’s now believed the bid he was referring to is from the financial advisory company Rockefeller …
Read More »Treasury yields slide amid safe haven buying, curve inversion worries
Drew Angerer | Getty Images Traders and financial professionals work at the closing bell on the floor of the New York Stock Exchange (NYSE), November 12, 2018 in New York City. Jitters in stock markets meanwhile have also weighed on traders, leading to increased buying in typically safe haven assets …
Read More »Google shutting down Allo
Stephen Lam | Reuters Erik Kay, engineering director at Google, introduces Allo and Duo on stage during the Google I/O 2016 developers conference in Mountain View, California May 18, 2016 Google plans to kill chat app Allo by the middle of next year, the company said in a blog post, …
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