Anheuser-Busch InBev appears to be considering a sale of some of its assets following its decision to call off the IPO of its Asian business. The decision comes on the heels of scraping its Asia IPO. Still, Anheuser-Busch hasn’t lost its sense of humor. Rather than dwell on the IPO loss, it instead decided to …
Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying, “The issuance of a currency does not belong in the hands of a private company …
A two-year-old video of a prankster confusing a self-driving car has gone viral for a second time, and it demonstrates a critical reason why Tesla’s self-driving cars will never become ubiquitous. Going viral once is a big event, but a “recurrent” viral video indicates that something about the content has gripped people in some visceral …
With all the grief he gets from Wall Street, Elon Musk needs all the friends he can get. Bruce Croxton, the co-founder of Ontario-based venture capital firm Round 13 Capital, described Tesla CEO Elon Musk as “the GOAT of entrepreneurs” who “walks on water” as far as he is concerned. In a chat with BNN …
Gold is holding near 6-year highs amid Friday’s non-farm payrolls (NFP) data. The yellow metal looks set to record another week of bullish gains after smashing through previous resistance at $1,360. Prices have not rallied this hard since 2011 when investors were piling into commodities on the back of an epic decade-long bull run. (Gold …
In a move that will surely raise a few eyebrows, rideshare behemoth Uber is bolstering its helicopter service. This month, those with the means will be able to hail an Uber helicopter to go from Manhattan to JFK in under 10 minutes. Starting this month, Uber is offering helicopter rides in New York City pic.twitter.com/lju3K3WxqC …
There were bizarre developments at publicly-traded cannabis company Canopy Growth Corporation on Wednesday. Canopy Growth announced that co-CEO and founder Bruce Linton would “step down as co-CEO.” Yet Bruce Linton called into CNBC later that day and told the business news network: “I think stepping down might not be the right phrase. I was terminated.” …
Nike’s decision to yank the Air Max 1 Betsy Ross release sneakers has received mixed responses from commentators, although some of them may have gotten their flags mixed up. Betsy Ross Flag Deemed Offensive Former NFL quarterback and political activist Colin Kaepernick criticized the manufacturer for plans to release a shoe with Betsy Ross’ 13-star …
The Dow Jones Industrial Average (DJIA) briefly hit a record high in yesterday’s trading session. But the optimism could be short-lived with all signs pointing to a disastrous second-quarter earnings season. 77 percent of companies that have released Q2 guidance have warned they’ll underperform Wall Street estimates. It’s the most negative earnings backdrop in 13 …
Netflix announced on Tuesday that NBC would not extend its licensing agreement for the hit comedy “The Office” beyond January 2021. NFLX stock shed about 3 percent on the day. Why is this move significant for Netflix? It all comes down to competition, and ultimately, the company’s economics. Licensing on Its Way Out When Netflix …