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SoftBank invests $4.4 billion into WeWork

Michael Nagle | Bloomberg | Getty Images Adam Neumann, co-founder and chief executive officer of WeWork. Commercial office space start-up WeWork announced it has $4.4 billion from SoftBank and its related Softbank Vision Fund, which includes other investors. The deal includes $1.4 billion earmarked to help WeWork expand throughout China, …

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Smartphone maker HTC may sell entire business says report

SeongJoon Cho | Bloomberg | Getty Images Cher Wang, chairwoman of HTC HTC, once a well-known smartphone maker, is reportedly looking to sell part or all of its business, according Bloomberg. HTC made its name building smartphones for carriers before launching HTC-branded devices, such as the popular One M7 that …

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Y Cominator’s Sam Altman thinks he can fix California’s housing crisis

Photo courtesy California High-Speed Rail Authority The portion of the bullet train that will run from Silicon Valley to Central Calif. is already under construction. “When we went around the state and talked to people about what they really need, just regular middle class people, what they really would like …

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FTC allows Amazon, Whole Foods deal to proceed

Daniel Acker | Bloomberg | Getty Images Shoppers exit a Whole Foods Market location in Naperville, Ill. The Federal Trade Commission will allow Amazon to continue its $13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, …

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Alphabet’s Waymo uses Carcraft software, Castle base to train cars

Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Alphabet’s Waymo subsidiary is training self-driving cars by using virtual worlds and a real-world testing ground near Merced, California, according to a report in The Atlantic. The report offers new insight …

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These 10 stocks can survive Amazon’s retail apocalypse

The retail stock carnage among Amazon’s victims is one of the biggest market stories during the past year. But the Wall Street firm that was early in calling out the risk for some retailers with its prescient “Death by Amazon” index in 2014 is now saying there are companies that …

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Cramer takes to the charts to uncover the true power of Netflix

On a day where the major averages rallied and the FANG stocks bounced back, CNBC’s Jim Cramer wanted to track how one stock can have huge sway over the broader stock market. That’s why the “Mad Money” host went off the charts to see how Netflix, one-fourth of Cramer’s acronym …

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New Google laptop and smaller Google Home coming, report says

Justin Sullivan | Getty Images Google Vice President of Product Management Mario Queiroz shows the new Google Home during Google I/O 2016 at Shoreline Amphitheatre Google is building a new laptop and a smaller version of its Google Home smart speaker, according to a report from Android Police. The site …

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China online retailer arrested on smuggling charges says report

Adam Dean | Bloomberg | Getty Images Ji Wenhong, chief executive officer of Xiu.com. The founder of an online Chinese luxury retailer has been arrested after being charged with smuggling 438 million yuan ($65.67 million) worth of goods into the country, the official China Daily reported on Monday, citing the …

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‘Bitcoin cash’ surges as investors bet on its faster processing speeds

The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions. Bitcoin cash rose 40 percent from Thursday’s close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That’s the highest since bitcoin cash touched $756.93 on Aug. …

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