US gained 161,000 jobs last month
US employers added 161,000 jobs in October as the unemployment rate edged down to 4.9%. The Labor Department report also showed an increase in wages, and the numbers could bolster the case for an interest-rate […]
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Uber upgrades, simplifies app
Uber is seeking to make its most recently added features simpler and easier to use with an app redesign that will also gather consumer data for added utility, if users opt in. The data harvesting […]
Lessons from Cookies, a payment app’s bankruptcy
The German peer-to-peer payments startup Cookies is filing for bankruptcy, and the trouble appears to be connected to funding issues as well as internal strife, writes Romain Dillet. The company’s plight is a reminder to […]
Etsy paid $32.5 million for AI startup Blackbird Technologies
E-commerce company Etsy today disclosed in a filing that it spent $32.5 million to acquire Blackbird Technologies, a startup that had developed artificial intelligence (AI) software that could be used for various search applications in […]
Data show drop in valuations, rise in flat funding rounds
Startups are receiving lower pre-money valuations than they did in 2015, and the number of flat or down fundraising rounds has increased, according to data from the law firm Cooley LLP. Companies trying to raise […]
Election risk drives stocks down, Treasurys up
Uncertainty over Tuesday’s US presidential election has driven a nine-day decline in the Standard & Poor’s 500 index, the longest slide since 1980, while investors have sought safety in Treasurys. OPEC’s failure to agree on […]
Intel invests heavily to take VR to the next level
Tech giants that largely missed the mobile bandwagon are investing heavily in the next big thing, virtual and augmented reality. For Intel, this means a separate lab devoted to advancing VR technology beyond vision to […]
Fed reports 4-year low in foreign US bond holdings
The Federal Reserve says foreign central bank’s holdings of US bonds have reached the lowest level since May 2012. The Fed reports a $10.97 billion decline in custody holdings of US debt for foreign central […]