Day: March 19, 2018

Tess Torelli March 19, 2018

Meanwhile, Facebook executives are not exactly sending a reassuring message to investors by unloading their shares at a rapid clip. Last summer, after Zuckerberg’s plan to create another class of stock to solidify his control of the company foundered, he announced he’d begin selling off up to 75 million shares (about 18 percent of his […]

Tess Torelli March 19, 2018

These price moves and similar behavior in trading volume could be signs that Nasdaq history is repeating itself, according to Shah. Bear markets for the digital currency are not new. Since it was created in 2009, bitcoin has seen four of them, with price drops between 28 percent and 92 percent, Shah said. Bitcoin’s value […]

Tess Torelli March 19, 2018

Uber is temporarily halting self-driving car tests in all locations after a deadly accident, in what is likely the first pedestrian fatality caused by a self-driving car. Programs in San Francisco, Pittsburgh, Phoenix and Toronto will be paused after a woman was hit and killed overnight by an Uber self-driving car when walking across a […]

Tess Torelli March 19, 2018

Credit Suisse Chief Executive Officer Tidjane Thiam on Monday said that it’s “hard to understand” why investors are suing the bank over a complex financial product that yielded steep losses for some. Known as the VelocityShares Daily Inverse VIX Short-Term Exchange-Traded Note (ETN), the instrument is designed to go up when stock market volatility goes […]

Tess Torelli March 19, 2018

President Donald Trump ordered senior staff after they joined the White House to sign non-disclosure agreements following several leaks in the early months of his administration, the Washington Post reported on Sunday. The agreements stipulated officials could face monetary penalties if they disclosed confidential White House information to the press or others, and were intended […]