Month: May 2019

Mark Cuban, billionaire investor and owner of the NBA’s Dallas Mavericks, told CNBC on Tuesday that Uber’s disappointing initial public offering last week was “not a surprise” because the ride-hailing company waited too long to go public, losing the momentum early companies typically have. “It’s not a growth company,” Cuban said in a phone interview
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Founders: Patrick Collison (CEO), John CollisonLaunched: 2010Headquarters: San Francisco Funding: $785 millionValuation: $22.5 billion (PitchBook)Key technologies: Developer APIs and SaaSIndustry: Global e-payments Doing business globally means being able to accept payments from customers wherever they are. Brothers John and Patrick Collison started Stripe in 2010 to make that whole process easier. The hurdle with payment
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The Social Security Office in Alhambra, California. Mario Anzuoni | Reuters As Washington and Beijing face off on tariffs, there could be one unseen group affected: retirees. The Senior Citizens League, a nonpartisan group advocating for seniors, on Tuesday released its latest report on the buying power of Social Security benefits. The group also projected
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Jeffrey Gundlach Jin Lee | Bloomberg | Getty Images DoubleLine CEO Jeffrey Gundlach warned investors Tuesday that the U.S. is unequipped for recession as it becomes increasingly strapped by debt. “Any thoughtful person would be concerned,” the so-called “bond king” said in a webcast. “It’s sounding like a pretty bad cocktail of economic risk, and
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Two years ago, the Securities Industry and Financial Markets Association conducted a cybersecurity simulation that mimicked a real attack. The test included the participation of more than 50 financial firms, as well as government regulators and SIFMA itself. Now, the industry trade group is preparing for the latest iteration of its test — dubbed Quantum
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President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018.  Kevin Lemarque | CNBC The United States kicked off the necessary process before Washington can impose tariffs
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Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Take-Two Interactive Software reported lower-than-expected quarterly revenue and forecast first-quarter sales below analysts’ expectations, as it faces intense competition from free-to-play “battle royale” games “Fortnite” and “PUBG.” Shares of the company
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