Samsung Hits New Highs on Continued Momentum
While the gains seem to be boosting the stock a little late, keep in mind shares are up more than 30% on the year now. It’s been a trend higher, as investors are cheering its […]
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Dexter, a U.S. startup that helps corporate clients design chatbots, has secured $2.3 million
Dexter Inc., a U.S. startup that helps corporate clients design chatbots, has secured $2.3 million in financing from investors led by Rakuten Ventures to accelerate its marketing efforts. The chatbots will aim to simulate conversations with customers, fulfilling […]
360-degree OZO virtual reality camera by Nokia
Nokia has been trying to reinvent itself with its high-end, 360-degree OZO virtual reality camera, and it’s opening a major avenue for expansion by bringing the product to China. As part of the deal, Nokia […]
Tencent becomes China’s largest tech company
Tencent (OTCPK:TCEHY) has overtaken Alibaba (NYSE:BABA) to become China’s most valuable tech company after unveiling a strong set of earnings. The firm posted a 47% climb in net income to a record 10.74B yuan, handily […]
IEX, stock exchange dedicated to investor protection, is launched
IEX will finally launch as a stock exchange today, offering a solution to a problem not everyone agrees exists: Equity markets are “rigged” in ways that favor high-frequency trading. It will be a “soft” rollout, […]
Federal Court “Uber should classify its drivers as employees”
A federal judge has determined that a proposed $100 million settlement between Uber and its drivers is “not fair, adequate, and reasonable.” The class-action suit argued that Uber should classify its drivers as employees, and […]
Consumer brands will acquire more startups
Big businesses such as Wal-Mart and Unilever have been active in acquiring startups, and the trend is likely to continue, writes Alex Taussig of Lightspeed Venture Partners. Many large consumer-facing companies are suffering from low […]
U.S. Companies’ Stock Buyback Plans Hit Four-Year Low
The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. […]
Blackstone looks to raise $5 billion for REIT
Blackstone Group said this week it is looking to move into the nontraded REIT market with a $5 billion fund. The announcement follows rule changes in the industry aimed at increasing transparency for nontraded REITs. […]
Chinese housing prices rose 7.9% year on year in July
Chinese housing prices rose 7.9% year on year in July, recording the fastest increase since February 2014. Home prices in Shenzhen and Xiamen soared the most, up around 40% each. Separately, Moody’s raised its forecasts […]