Month: June 2019

Last week, Reddit quarantined “r/The_Donald,” a pro-Trump message board, after the company determined that the subgroup had encouraged and threatened violence. Likewise, Twitter is signaling that it will flag—but not remove—posts by government officials who violate its rules. As with YouTube’s demonetization (rather than deletion) of anti-gay videos, these are welcome, but insufficient measures. Until
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Investors should put their money in small- to mid-cap biotech stocks as rhetoric about changing the U.S. health-care system ramps up during the Democratic primary debate season, Jefferies analyst Michael Yee said Friday. “The big biotechs have to buy the big and small biotechs, and that’s where most [health-care] investors have been playing,” Yee said
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David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images David Marcus, the Facebook exec who helped hatch its Libra
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Every six hours, at his home in the high desert outside Kingman, Arizona, midway between Phoenix and Las Vegas, Brian Goss downloads the latest blocks from the bitcoin blockchain via satellite. He receives the transmission through a dish he installed this January; it arrives with messages, too—tweets, blogs, odes to Satoshi—sent by bitcoiners around the
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Help, I’ve been atomized! Obliterated! Shattered and scattered in the cyber-ether! My corporate overlords have heard the call: “Decentralized” is the new “disrupted.” It’s not just about putting stuff “on the blockchain” anymore—it’s fuzzier than that, hipper, more notional. Whatever can hold without a center, must. Ditch the banks for crypto; crowdsource justice; blow up
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Jim Cramer on “Mad Money.” Scott Mlyn | CNBC The Federal Reserve likely wants to see June’s nonfarm payrolls report and any U.S.-China trade developments from this month’s G-20 meeting before making a commitment on cutting interest rates, CNBC’s Jim Cramer said Friday. The central bank voted Wednesday to keep its benchmark interest rate unchanged.
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San Francisco city officials voted unanimously on Tuesday to suspend the sale and delivery of electronic cigarettes until the products are approved by the Food and Drug Administration. The legislation, which still requires a second vote from SF’s Board of Supervisors and the mayor’s signature, would go into effect seven months after being passed—giving e-cigarette
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A post-mortem by British lawmakers and regulators into the suspension of the U.K.’s best known stockpicker’s flagship fund could expose some systemic flaws in the fund industry, analysts have suggested. Conservative Member of Parliament (MP) Nicky Morgan, chair of the Treasury Committee, last week wrote to the CEO of Britain’s most influential investment platform, FTSE
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It’s official: Investors love Slack. The workplace chat company went public Thursday through an unusual direct listing, where it simply made its shares available on the New York Stock Exchange, without bankers. Slack shares closed at $38.62, nearly 50 percent above the “reference price” set a day earlier, valuing the company at $19.47 billion. Of
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So, you’ve heard about this thing called artificial intelligence. It’s changing the world, you’ve been told. It’s going to drive your car, grow your food, maybe even take your job. You’ll be forgiven for having some questions about this chaotic, AI-driven world that’s predicted to unfold. First off, it’s true that AI is overhyped. But
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