Nasdaq appoints Friedman as next CEO
Adena Friedman will become CEO of Nasdaq on Jan. 1, while CEO Robert Greifeld will ascend to chairman. Friedman, who has worked for Nasdaq for more than 20 years, will be the first woman to […]
2016
Retail sales show strength as wage increases
Retail sales topped expectations in October off of broad strength across key categories. On a year-over-year comparison, retail sales were up 4.3% during the month as hiring and wage growth clearly overshadowed election fatigue. Building […]
Singapore develops blockchain-based interbank payments
Singapore’s central bank and the fintech startup R3 group are putting together a test to see whether blockchain technology can be used to process interbank payments. The effort is also looking into using blockchain for […]
Twitter has launched a counteroffensive against trolls
Twitter has launched a counteroffensive against trolls who have been on the attack for too long. The company is expanding its “mute” function, allowing users to block specific content – like words, phrases or conversations […]
Oil rose around 6%
Oil rose around 6% yesterday, its best one day performance since April, on renewed hopes of an OPEC deal to cut production. But prices are now dipping lower after the IEA left its supply and […]
SEC chief White to step down
Mary Jo White, head of the Securities and Exchange Commission, plans to leave two years early to let President-elect Donald Trump to name a leader. Trump has appointed industry veteran Paul Atkins to head the […]
Google CEO to meet with European Commission in Brussels
Sundar Pichai (GOOG, GOOGL) and Margrethe Vestager, the agency’s competition commissioner, will meet on Friday. Guenther Oettinger, the European Commissioner for Digital Economy and Society, will also be in attendance. Pichai had formerly met with both earlier in […]
Musement, a “digital travel companion” and ticketing platform, raises $10M Series B
Musement, a “digital travel companion” that lets travellers discover and book things to do, has closed $10 million in Series B funding. The round was led by family fund Micheli Associati, with participation from previous […]
Boston-based investment startup Quantopian gets $25 million in funding round
Quantopian Inc. is a five-year-old online platform where coders build and run computerized trading programs. The Boston-based firm plans to use the money to enhance its platform, adding portfolio optimization tools and providing more data for […]
App-testing startup Sauce Labs raises $70 million
Software testing startup Sauce Labs has raised $70 million in a round of funding from Centerview Capital Technology, IVP, and Adams Street Partners. Founded out of San Francisco, Sauce Labs has been making software for […]