Markets

admin September 11, 2018

Click chart for more in-depth data. 1. Bears in Hong Kong: Hong Kong’s stock market is crumbling on mounting fears of an escalating trade war between the United States and China, and concerns about slowing economic growth in China. A decline in China’s currency, the yuan, has made it more expensive for Chinese investors to […]

admin September 11, 2018

Red lights are flashing on Wall Street about Tesla’s ability to pay back a pile of debt. Tesla’s (TSLA) turbulent stock price — and even more volatile CEO — steal the headlines. But the real story may be the steep decline in the value of the electric car maker’s bonds. $1.8 billion of Tesla bonds […]

admin September 10, 2018

How do I talk to my grown children about how to handle the money they will inherit? How can I ensure the wealth will last for them and beyond? It’s not hard to come by financial advice on how to grow and preserve your wealth. Multi-family offices are a one-stop shop for various financial needs […]

admin September 10, 2018

Snapchat is losing another top executive, and Wall Street is losing patience. Imran Khan, Snapchat’s chief strategy officer, announced plans to leave the company, according to a regulatory filing Monday. Khan, a former analyst with Credit Suisse and JPMorgan Chase, joined Snapchat (SNAP) in January 2015. The company said in the SEC filing that Khan […]

admin September 10, 2018

Click chart for more in-depth data. 1. Changes at Alibaba : Chinese tech billionaire Jack Ma says he will step down as Alibaba’s executive chairman next year. “Because of physical limits on one’s ability and energy, no one can shoulder the responsibilities of chairman and CEO forever,” Ma said in a letter to customers, employees […]

admin September 10, 2018

Billionaire tech tycoon Jack Ma will step down as Alibaba’s executive chairman next year, the company announced Monday. “No company can rely solely on its founders,” Ma said in a letter to customers, employees and shareholders. “Because of physical limits on one’s ability and energy, no one can shoulder the responsibilities of chairman and CEO […]

admin September 9, 2018

PepsiCo will fund startups to learn how they do business and stay on top of the hottest food trends. The company announced on Thursday that it is launching a North American accelerator program to help food and beverage startups grow. The six-month program, Nutrition Greenhouse, gives ten startups $20,000 each and matches them with a […]

admin September 9, 2018

1. Wall Street’s $165 billion golden goose: Apple’s iPhone just might be the biggest cash cow on Wall Street. More than a decade after its debut, the iPhone remains the chief moneymaker for Apple (AAPL), America’s first $1 trillion company and one of the most widely held stocks. The iPhone alone is expected to rake […]

admin September 9, 2018

Yet another technical meltdown is plaguing British Airways. This time, hackers stole the payment card details of 380,000 customers. The company said the data thieves made off with the names, addresses, emails and credit card details including the card number, expiration date and security code belonging to travelers who booked flights on British Airways’ website […]

admin September 9, 2018

There was whiskey, a joint, a Samurai sword and long conversations about artificial intelligence and the end of the universe. Just another installment in the extraordinary saga of Elon Musk, the billionaire leader of two major companies that are trying to change the world. The CEO of electric-car maker Tesla (TSLA) and rocket startup SpaceX […]