August 19, 2019

New York City is home to one of the country’s most expensive rental markets — and as of July, rent in Brooklyn peaked at an all-time high for the 2nd month in a row

New York City is home to one of the country's most expensive rental markets. The rental markets in both Brooklyn and Manhattan saw an extremely expensive July, according to Douglas Elliman's monthly rental report. According t...
August 19, 2019

A group of states may launch investigations into big tech companies like Facebook and Google possibly next month

Representatives from as many as a dozen states met with DoJ officials to discuss a multi-state effort to investigate big tech companies like Facebook and Google. The states may announce their own, but coordinated, investigati...
August 19, 2019

Wall St. rallies on stimulus cheer, trade optimism

U.S. stocks surged on Monday, building on previous session's rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
August 19, 2019

Oil up 1% after attack on Saudi field, but OPEC report caps gains

Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.
August 18, 2019

Meet Laura Arnold, the billionaire philanthropist taking on the parole system with Jay-Z and Meek Mill

Billionaire philanthropist Laura Arnold explained her approach to philanthropy in a recent interview with Business Insider. A former attorney, Arnold and her husband, former hedge fund manager John D. Arnold, became full-time...
August 18, 2019

R-rated comedy ‘Good Boys’ comes out of nowhere to win the weekend box office (CMCSA)

Universal's "Good Boys" tops the domestic box office with an estimated $21 million. A rare win for an R-rated comedy, which hasn't topped the box office since 2016's "The Boss." That was also released by Universal. "Good Boys...
August 17, 2019

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
August 17, 2019

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing peopl...
August 16, 2019

Google has quietly hired a key executive from controversial startup Palantir to be a VP of engineering (GOOG, GOOGL)

Google has hired Palantir's former chief information officer, Arvind KC. KC, a former executive at the controversial data-analysis firm, is joining Google as a vice president of engineering. Palantir has been repeatedly targe...
August 16, 2019

A German rental-car company said it canceled plans to buy 100 Tesla Model 3s because of quality issues (TSLA)

A German car-rental company was so fed up with quality and service issues on its bulk Tesla order that it opted to cancel the purchase entirely.  Nextmove's CEO told Bloomberg that while he loves the Model 3, his plan to buy ...