As Zoom Video Communications’ stock has skyrocketed, so too has the fortune of its billionaire … [+] founder. Victor J. Blue/Bloomberg High-flying video conferencing service Zoom, which has seen skyrocketing demand during the coronavirus pandemic, is now worth more than ExxonMobil, one of the world’s largest oil and gas companies. As of 2:30 p.m. ET,… More
Topline President Donald Trump’s campaign website was briefly hacked on Tuesday night in what appears to be a crude effort to promote a cryptocurrency scam, but the campaign said no sensitive data was exposed. President Donald Trump speaks at a campaign rally Tuesday, Oct. 27, 2020, in West Salem, Wis. AP Photo/Morry Gash Key Facts… More
Intel’s stock tumbled nearly 11% on Friday, lowering Moore’s net worth to under $10 billion. Justin Sullivan/Getty Images Gordon Moore, the world’s 48th-richest person, shed $1 billion from his fortune on Friday as Intel INTC stock plummeted on the back of disappointing third-quarter earnings. Shares of Intel, which Moore cofounded in 1968, fell nearly 11%… More
getty In every great action movie, there’s a ticking-time-bomb element. If mortgage lending were an action movie, then rates are the time bomb. Since there’s no telling when rates will rise again, each week borrowers are either granted another chance to lock in a new low rate or the bomb blows and rates rise, destroying… More
Topline President Trump made over $11 million endorsing two multi-level marketing companies in the 2000s for which he and his children would later be sued for fraud, according to the New York Times, which revealed for the first time how much money the future president received for hawking the MLMs, and that those two endorsements… More
Topline The market fell sharply on Thursday as tech stocks continued to struggle, while conflicting timelines on a coronavirus vaccine and uncertainty around the next fiscal stimulus bill from Congress also weighed on investors. Stocks were under pressure again on Thursday. Spencer Platt/Getty Images Key Facts The Dow Jones Industrial Average was down 1%, nearly… More
Life Below Zero: Next Generation explores what it takes to make the decision to live off the grid in … [+] the frozen wilderness of Alaska. National Geographic/Ben Houdek I take a fair number of photos—mostly with my iPhone. I often struggle to get the right focus and lighting just taking simple photos in relatively… More
Ohpen, the Dutch cloud-based banking system, has announced the acquisition of Davinci, a provider of cloud-based cross-border loans and mortgages. With the acquisition, Ohpen can offer a full suite of products — across savings, investments, loans, mortgages and current accounts — in a cloud environment. The company works with traditional banks that want to move to… More
getty Peloton, the successful start-up purveyor of luxury stationary bikes, treadmills and on-demand streaming fitness classes announced new and upgraded versions of their equipment that has some users throwing up their (toned) arms, and some checking their banks for a generous refund. The new Peloton Bike+ has several new features and improvements over the original… More
American corporations may soon be able to send payments to foreign suppliers faster than they can settle accounts domestically through a company that is changing the way correspondent banking works. Nick Ogden, founder RTGS Global Daniel Lynch RTGS Global, founded by Nick Ogden, who started Worldpay and more recently ClearBank, is using the latest technology… More
While Airbnb quickly became the travel rental leader for the modern sharing economy, it’s certainly not the only option. Airbnb is great for easily hunting down accommodations virtually anywhere on Earth. However, with its massive growth over the past several years it can be a little difficult to sift through the overwhelming list of properties—especially… More
TOPLINE Though many on Wall Street were surprised by Walmart’s recent announcement that it has teamed up with Microsoft in a bid to buy TikTok, a deal would allow the retailer to leverage the social media app to reach younger consumers and build its e-commerce platform, analysts say. A deal for TikTok could be a… More
If all goes as planned the New York Stock Exchange could soon be listing $350 million worth of … [+] securities for a public company launched by RIbbit Capital’s founder, one of the earliest investors in bitcoin. Getty Images The founder of early bitcoin venture capital firm Ribbit Capital has filed for a massive $350… More
Expectations for Nvidia Corp. (NVDA) couldn’t have been higher going into its fiscal second-quarter 2021 results, and now the stock may feel the effect of the hangover. The stock’s price nearly tripled off the March lows, as investors’ attention turned to companies likely to capture market share during the pandemic. As a result, the equity… More
TOPLINE The S&P 500 is officially out of its 2020 bear market after hitting a new record high on Tuesday, and the massive rebound has been led by energy, homebuilding and retail companies whose shares have more than doubled over the last five months, according to Bloomberg data. Whirlpool’s logo on the front of a… More
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