Russell Kendall

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Tim Cook Thinks Augmented Reality Could Be as Big As the iPhone

In a new interview in <i>The Independent</i>, Apple CEO Tim Cook offers a ringing endorsement of augmented reality—technology that layers digital information …

Global Cloud Spending Predicted To Reach $390B By 2020

• Global cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%.<br>• From 2012 to 2015, cloud demand accounted for 70% of related IT market growth, and Bain expects it to represent 60% of growth through 2020.<br>• Of the …

Bain & Company

H-1B visas do mainly go to Indian outsourcing firms

MOST of the debate about immigration in America concerns the illegal sort. But legal immigration can be controversial too, even when the migrants in …

Bank of America Tests Automated Branches (BAC) | Investopedia

Bank of America Corp. (BAC) opened three fully automated branches where customers can interact with employees at other locations through video …

Bank of America

7 FinTech Companies Helping Millennials Dominate Their Finances This Year

If you’re a millennial, you already know just how hard it is to get ahead. Student loan debt, much of which is shouldered by millennials, surged to $1.3 trillion dollars last year.<p>That leaves the average college graduate ages 20 – 30 with a monthly payment of $351. And let’s not forget that, as of …

5 Investment Firms Reveal What They Look for in Startups

There's more competition than ever before to get startup funding. Here's how to break through the pack.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Running a startup is expensive. If you’re an entrepreneur, you already know this, and likely have “find money” high on your priority …

Bench Leads as Warriors Roll Over Cavaliers

Golden State takes 1-0 lead in NBA Finals with sixth straight victory over Cleveland, 104-89<p>OAKLAND, Calif.—The Golden State Warriors are almost exactly the same team as the one that won last year’s NBA championship. They have the same starting lineup, the same superstar player and the same way of …

Basketball

Apple Store Goes Down Ahead of Today's 'Let Us Loop You In' Event

Apple's online storefront has been taken offline this morning, less than six hours prior to the company's upcoming "Let Us Loop You In" media event at its Cupertino campus, where Tim Cook's executive team is expected to announce the new 4-inch iPhone SE, 9.7-inch iPad Pro, and Apple Watch …

Wiper thinks messaging apps could be the key to bitcoin payments

Image copyright Futureatlas.com / Flickr Creative Commons.Wiper, an ephemeral messaging app that launched in 2014, has a reputation as a Snapchat …

Fed Cuts Monthly Asset Purchases To $55 Billion Maintaining Taper Pace, Market Awaits Yellen Remarks

In her first Federal Open Market Committee meeting as head of the Federal Reserve Janet Yellen made good on her promise of continuity, again cutting back the central bank’s asset purchases.<p>On Wednesday, the FOMC announced a third $10 billion reduction to quantitative easing, reducing its monthly …

Payleven Set to Launch €100 NFC-equipped Chip & PIN Reader

Rocket Internet-backed mobile payment processor Payleven has today announced the launch of a new NFC-equipped Chip & PIN card reader which will be available for customers in the second half of this year.<p>Like its previous Chip & PIN card reader, the unit will allow small businesses to accept …

A dust-up is brewing in mobile payments, pitting Isis against Best Buy, 7-Eleven

Advertisement<p>5 Comments<p>Credit: Shutterstock / Sinisa Botas<p>Best Buy(s bby) and 7-Eleven have started shutting down near-field communications (NFC) …

Who Is Leading The Digital Mobile Payment Influence Battle?

The way we pay for goods and services is changing, as the world migrates from cash and credit cards to apps we run on our smartphones. It’s an evolution made possible by ubiquitous mobile platforms and always-on Internet connections, fueled by upstarts like Square and Stripe, and propelled by …

CEO optimism on economy reaches 2-year high

WASHINGTON (AP) — U.S. chief executives have grown more optimistic about economic growth this year, and more of them plan to boost spending and hiring within the next six months.<p>The Business Roundtable says its CEO outlook index rose to 92.1 in the first quarter of this year, the highest level in …

Wells Fargo and B. of A. are best bank brands in U.S.: report

Wells Fargo CEO among 2013's top-paid bankers

Wells Fargo CEO John Stumpf didn't have the pay gains rival banking CEOs enjoyed last year, but he still out-earned them.<p>Stumpf's 2013 compensation, valued at $19.3 million, was virtually unchanged from 2012, the company said Tuesday in its annual proxy. But Stumpf gained nearly $60 million from …

Mark Carney highlights renewed risks in BoE shake-up

Governor aims to be prepared for future shocks and avoid another financial crisis<p>Mark Carney has unveiled a series of “transformative” changes at the Bank of England that he said would help Britain to avoid a repeat of the 2008 financial crisis.<p>The Bank’s Governor warned that the UK faced renewed …

Bank of England

Fannie Mae reports $84 billion annual profit

Fannie Mae on Friday reported an annual profit of $84 billion for 2013, a banner year in which strong home-price gains in housing markets across the …

Winklevoss twins launch the bitcoin 'Winkdex'

Say hello to the Winkdex, yet another Bitcoin price tracker -- this time brought to you by the Winklevoss twins.<p>It is the latest foray into the world of Bitcoin for Cameron and Tyler Winklevoss, twin investors known for their legal battle over the creation of Facebook.<p>Winkdex "blends" the going …

Gold futures mark second day of losses

SAN FRANCISCO (MarketWatch) — Gold futures close lower for a second session on Thursday, undercut by strength in the U.S. dollar as well as Chinese …

Bitcoin ATM on its way to Britain

Investors will be able to buy and sell the digital currency at a cash machine<p>British investors will be able to buy and sell bitcoins from a cash machine under plans announced by an American company.<p>The machine will be installed somewhere in London, although the company behind it, Las Vegas based …

Spanish banking group BBVA acquires Simple for $117 million in cash

Simple today announced that it has agreed to be acquired by Banco Bilbao Vizcaya Argentaria (BBVA) for $117 million in cash. Simple's team of 92 will remain in Portland, where it will be operated independently by current CEO Joshua Reich. "The things you love about Simple will remain unchanged," …