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China's central bank opens liquidity front in hot money war | Reuters

SHANGHAI (Reuters) - China’s central bank delivered two major surprises to investors this week: it engineered a sharp decline in the yuan against the dollar and at the same time relaxed its tight grip on money markets that had kept interest rates firm.<p>100 Yuan notes are seen in this illustration …

The Dawn of the Age of Artificial Intelligence

Reasons to cheer the rise of the machines<p>The advances we’ve seen in the past few years—cars that drive themselves, useful humanoid robots, speech recognition and synthesis systems, 3D printers, <i>Jeopardy!</i>-champion computers—are not the crowning achievements of the computer era. They’re the warm-up …

Square Cuts More Custom Pricing Deals For Merchants And Ramps Up Sales Hiring

This past week brought the news of a fairly significant development for Square — the rollout of Square Stands in bars, Whole Foods restaurants, and other venues. This comes a year-and-a-half after the huge deal the payments company inked with the coffee and beverage giant Starbucks.<p>The lengthy wait …

Goldman partner pay ain’t what it used to be

In the banking world, they’re considered the masters of the universe, the members of the most exclusive club on Wall Street. But for all the trappings, being a partner at Goldman Sachs may no longer be as lucrative for some, while the spots in the club may be shrinking.<p>Last month, some of Goldman’s …

Credit Suisse

Carl Icahn 2.0: an icon of '80s greed is back to shake up Silicon Valley

The wild success and massive cash hoards of today's technology firms are perfect targets for this activist investor<p>For techies scanning the headlines over the past few months, one name has become an increasingly common occurrence: Carl Icahn, the legendary "vulture capitalist," who first made a …

High-Speed Trading Isn't About Efficiency—It's About Cheating

When hedge funds use bots to buy and sell stocks within milliseconds, they're not improving the market. They're rigging the market.<p>Greed is good, and high-speed trading is better—if you want to rig the market (Wikimedia Commons)<p>I wasn't sure I'd heard him right.<p>I was a senior in high school, and I …

Read Satya Nadella's first letter to employees as Microsoft's CEO

CEO calls for focus as he warns that "our industry does not respect tradition — it only respects innovation."<p>It's official, Satya Nadella is Microsoft's next CEO, and on his first day on the job he's sent a letter to the whole staff. In the letter, Nadella speaks of what he thinks makes Microsoft a …

'Big Four' accountants' China units face US suspension

<b>A US judge has ruled that Chinese units of the so-called Big Four accounting firms should be suspended from auditing firms publicly traded in the US.</b><p>They had been charged over refusing to hand over auditing data on China-based companies which are listed in the US.<p>The judge ruled that the units had …

Ernst & Young
Profit

Why dozens of ETFs died in 2013’s healthy market

SAN FRANCISCO (MarketWatch) — In the competitive exchange-traded-fund business, opportunities for product sellers to break new ground are few. For …

Investing

Private Equity Giant Carlyle Group Wants To Sell Mutual Funds To Mom-And-Pop Investors

Carlyle Enhanced Commodity Real Return Fund will mainly invest in commodity sectors including energy and metals, while Carlyle Global Core Allocation Fund will invest across equities, debt, real estate, commodities and currencies using primarily exchange-traded funds, according to the filing …

Investing

IBM eyes second $1bn Linux investment

IBM is reported to be considering investing a further $1bn (£630m) in Linux, the open source operating system which is a rival of Microsoft in the server market.<p>The last time the company injected money into Linux was in 2000 when the operating system was gaining traction as a threat to Windows.<p>Its …

2008 financial crisis: Could it happen again?

Five years since the great collapse, the U.S. financial system looks healthier — but problems persist.<p>Fear gripped the USA five years ago. As Americans awoke on Monday, Sept. 15, 2008, they learned that Lehman Bros. had collapsed in bankruptcy, inflicting billions of new losses on a financial …

Why Futurama Was The Greatest Show About The Future Ever Aired

R.I.P. Futurama, we'll miss ya<p>The first time I saw <i>Futurama</i>, the long-running (but off-and-on) animated series from <i>Simpsons</i> creator Matt Groening, I was a kid watching it on summer afternoons at my grandmother's house. I don't think I'd ever laughed that hard--not at its colossally influential older …

What Is The Future Of VC? Find Out At Disrupt SF

Many compare the process of picking a partner at a VC firm (or an angel) to back your idea to the act of getting married. You better be ready to be comfortable in the trenches with this person, because the startup journey is a roller coaster.<p>Amidst the debate over value-added services vs. classic …

How Social+Capital Is Building The Next Generation Of Entrepreneurs In Residence

Chamath Palihapitiya has been commonly referred to as the unconventional VC. And he’s been open about his ambitions to turn his fund, The Social+Capital Partnership, into a vehicle that backs ideas and startups that are changing the way we live, diagnose, learn and more. So it’s no surprise that …

Shazam clocks ten billion tags, powers 10% of all digital music sales

Advertisement<p>0 Comments<p>Shazam announced a major milestone Thursday: The company’s apps have been used more than ten billion times to identify songs …

Google’s strategy to take over computing continues: Chrome apps “For your desktop”

Advertisement<p>5 Comments<p>On the official 5th birthday of Google’s Chrome browser, Google introduced Chrome apps for Windows desktop users. The new “For …

Naked Juice Class Action Lawsuit Settlement Over Health Claims Means $9 Million For Consumers

If you purchased a Naked Juice product between Sept. 27, 2007 and Aug. 19, 2013, listen up. As part of a class action lawsuit over the brand's alleged misuse of health phrases, which parent company PepsiCo settled for $9 million, you may be entitled to a fistful of cash.<p>The website for the …

Warren Buffett, age 44, explains the futility of playing the market

In 1975, shortly after joining the board of the Washington Post Company, Warren Buffett wrote a letter to the chairman and chief executive, Katherine Graham. He had some advice as to how the company should invest its pension accounts.<p>All 19 pages were recently published by Fortune, and are well …

Investing

Here's The Letter Steve Ballmer Wrote To Microsoft Employees Explaining Why He's About To Retire

In the meantime, the company's board will be on the hunt for a new CEO.<p>Here's Ballmer's open memo to Microsoft employees about why he's retiring:<p>I am writing to let you know that I will retire as CEO of Microsoft within the next 12 months, after a successor is chosen. There is never a perfect time …

Steve Ballmer

Kevin Spacey Goes All House-of-Cards on Hollywood

In case you missed this most excellent keynote speech at the Edinburgh International Television Festival’s high-profile James MacTaggart Memorial …

Kevin Spacey