Boasting that your journey as an entrepreneur has been a breeze may seem like it’s a competitive advantage, but it’s actually a turnoff for Raj Ganguly, co-founder and partner of B Capital. The firm has offices in Los Angeles, San Francisco and Singapore and was co-founded by Facebook co-founder Eduardo Saverin. “One of the biggest
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Check out the companies making headlines after the bell: Amazon nosed up 0.08 percent in after-hours trading. Earlier Monday, the company announced its Web Services will soon start charging its customers by the second for use of its popular EC2. Intel‘s stock rose 1.24 percent in extended trading following the company’s announcement earlier Monday that
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Children’s squeals rang through the muggy morning air as a woman pushed a gleaming white cart along pitted, trash-strewn streets. She was making deliveries to some of the poorest households in this seaside city, bringing pudding, cookies and other packaged foods to the customers on her sales route. Celene da Silva, 29, is one of
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Check out which companies are making headlines before the bell: Nvidia —Analysts at Bank of America/Merrill Lynch raised the chipmaker’s price target to $210 from $185 a share. Merrill noted it expects Nvidia’s cloud capital expenses to grow by 31 percent in the second half on a year-over-year basis and “growing influence in the multi
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Jackson Palmer no longer thinks it’s funny to imitate Doge, the internet meme about a Shiba Inu dog whose awe-struck expressions and garbled syntax (e.g. “Wow. So pizza. Much delicious.”) made him a viral sensation several years ago. But if he did, he might channel Doge to offer a few cautionary words for investors who
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MANAN VATSYAYANA / AFP / Getty Images Mercedes’s pit-crew changes the tyres of British driver Lewis Hamilton’s car during the second practice session of the Formula One Singapore Grand Prix night race on September 15, 2017. Data coming from the cars racing around the island-nation’s city-center will go through engine control units that Rhodes’ firm
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Alphabet Inc.’s Google said it had disabled a “majority” of the offensive keywords that BuzzFeed found could be used by advertisers to target people searching for racist and anti-Semitic topics. Google, the world’s biggest advertising platform, not only allowed advertisers to target searches such as “Why do Jews ruin everything” but also suggested the user
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JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.” Marko Kolanovic, the bank’s global head of quantitative and derivatives strategy, said in a note on Wednesday that in addition to being volatile and difficult to value, “another worrying aspect of cryptocurrencies are some
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Timothy Fadek | Bloomberg | Getty Images Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey, April 12, 2017. JPMorgan issued major reductions to earnings forecasts on U.S. airline companies Friday, warning that reluctance to raise fare prices is hamstringing profits. “The
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I got a crash course this week in just how challenging passing a big tax bill by the end of the year will be in conversations with Treasury Secretary Steven Mnuchin and House Ways and Means Committee Chairman Kevin Brady. Speaking at the Politico Pro Summit in DC, Brady would not pledge to me that
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Shipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations — an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk
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Investors are beginning to experience a “real challenge” in the face of current geopolitical tensions, largely due to North Korea’s provocations, according to Sheila Patel, CEO of International Goldman Sachs Asset Management. But while risk management is becoming a key talking point among wealth managers globally, it’s not possible to just apply a general formula
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Air-launch rocket builder Virgin Orbit took another step in making low-cost rockets a reality in a new deal with satellite developer Cloud Constellation. The Virgin Galactic spinoff, which is owned by billionaire entrepreneur Richard Branson, on Tuesday signed an agreement to launch a dozen communications satellites for Cloud Constellation’s SpaceBelt system. The rocket company expects
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Singapore-based financial technology company Six Capital Group responded Thursday to complaints from users who say they’re unable to cash out from the firm’s web-based strategy game. The game, called Tagg Switch, works similarly to how trading currencies works: Players purchase one of six types of so-called “Nodes” that represent a different currency — either the
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New York state is investigating the breach, and a number of states including Illinois, Pennsylvania and Connecticut have joined together to investigate. Illinois Attorney General Lisa Madigan said Monday some 5.4 million residents there had personal information compromised. Eric Schneiderman, New York’s attorney general, warned people to be vigilant about hacking and other online and
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For months, the text messages came. Some were flirtatious, asking her to meet him late at night. Sometimes, the texts were sexually explicit. The messages were directed at Laura Munoz, an executive assistant at the online lending start-up Social Finance. The texts were from her boss, Mike Cagney, the company’s chief executive, according to five
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