A $16 billion investor is making a huge bet on Wall Street's hottest business

A $16 BILLION INVESTOR IS MAKING A HUGE BET ON WALL STREET'S HOTTEST BUSINESS

ValueAct Capital, the $16 billion activist fund led by Jeff Ubben, has taken a 5% stake in private equity giant KKR. "The AuM at this...

IDC: Smartphone shipments up 4.3% in Q1 2017, Apple gains on Samsung but both lose to Chinese firms

IDC: SMARTPHONE SHIPMENTS UP 4.3% IN Q1 2017, APPLE GAINS ON SAMSUNG BUT BOTH LOSE TO CHINESE FIRMS

Smartphone vendors shipped a total of 347.4 million smartphones worldwide last quarter, up 4.3 percent from the 332.9 million units...

 
 
 
Weekly Initial Unemployment Claims increase to 257,000

WEEKLY INITIAL UNEMPLOYMENT CLAIMS INCREASE TO 257,000

The DOL reported : In the week ending April 22, the advance figure for seasonally adjusted initial claims was 257,000, an increase...

US durable goods advance modest 0.7 percent in March

US DURABLE GOODS ADVANCE MODEST 0.7 PERCENT IN MARCH

WASHINGTON - Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment...

 
 
 
Under Armour posts smaller-than-expected 1Q loss

UNDER ARMOUR POSTS SMALLER-THAN-EXPECTED 1Q LOSS

BALTIMORE - Under Armour slipped to a loss in its first quarter as costs rose, but it still beat Wall Street expectations and shares...

The founders of a $1.3 billion startup raised $250 million while keeping over 50% of the company for themselves

THE FOUNDERS OF A $1.3 BILLION STARTUP RAISED $250 MILLION WHILE KEEPING OVER 50% OF THE COMPANY FOR THEMSELVES

On Thursday, Zeta Global, a company co-founded by David Steinberg and former Apple CEO John Sculley announced a$140 million round of...

 
 
 
Trump's First 100 Days: Too Soon To Claim Big Job Gains?

TRUMP'S FIRST 100 DAYS: TOO SOON TO CLAIM BIG JOB GAINS?

There's an argument to be made that presidents shouldn't take credit for a role in job creation until well into their first term. Trump...

Pret A Manger had a record year - driven by coconuts

PRET A MANGER HAD A RECORD YEAR - DRIVEN BY COCONUTS

LONDON - Pret A Manger sold £776 million worth of baguettes, coffee, coconut porridge, and veggie food last year, the sandwich and...

 
 
 
Businesses like Trump tax plan, but they won't rush to hire

BUSINESSES LIKE TRUMP TAX PLAN, BUT THEY WON'T RUSH TO HIRE

NEW YORK - Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump...

Samsung foresees bigger profit in 2017 as memory chips soar

SAMSUNG FORESEES BIGGER PROFIT IN 2017 AS MEMORY CHIPS SOAR

SEOUL, South Korea - Samsung Electronics reported its best quarterly profit in more than three years Thursday and forecast improvement...

 
 
 
Fox News' Jesse Watters takes abrupt vacation after controversial remarks about Ivanka Trump

FOX NEWS' JESSE WATTERS TAKES ABRUPT VACATION AFTER CONTROVERSIAL REMARKS ABOUT IVANKA TRUMP

Fox News' Jesse Watters is reportedly taking a vacation, one day after making what was seen as suggestive remarks about Ivanka Trump. CNN's...

Trump Administration Proposes 'Massive' Tax Overhaul And Tax Cut Plan

TRUMP ADMINISTRATION PROPOSES 'MASSIVE' TAX OVERHAUL AND TAX CUT PLAN

The details of the measure will be worked out in talks with Congress; the effect on the deficit is unknown.

 
 
 
More than 800 startups ask FCC chair to not kill net neutrality

MORE THAN 800 STARTUPS ASK FCC CHAIR TO NOT KILL NET NEUTRALITY

Today, FCC Chairman Ajit Pai released the broad strokes of his plan to abandon consumer protections to the benefit of large corporate...

Poshmark cash flow positive, on track for $100 million revenue

POSHMARK CASH FLOW POSITIVE, ON TRACK FOR $100 MILLION REVENUE

Poshmark, the fashion resale social network, is on track for $100 million in revenue this year, TechCrunch has learned. We hear the...

 
 
 
Amazon's new Echo camera is weird and a little creepy - but it hints at Amazon's master plan to rule tech

AMAZON'S NEW ECHO CAMERA IS WEIRD AND A LITTLE CREEPY - BUT IT HINTS AT AMAZON'S MASTER PLAN TO RULE TECH

Today, Amazon unveiled the Echo Look - a $199 voice-controlled camera designed for the fashion-forward. The sleek device listens for...

The number of people working in shops is collapsing

THE NUMBER OF PEOPLE WORKING IN SHOPS IS COLLAPSING

LONDON - The number of full-time staff working in shops is collapsing, new figures show. The number of people working in retail shop...

 
 
 
STOCKS DO NOTHING: Here's what you need to know

STOCKS DO NOTHING: HERE'S WHAT YOU NEED TO KNOW

Stocks closed little changed on Wednesday, during which we also saw the unveiling of the White House's new tax plan. The Dow and the...

Fiat Chrysler's CEO is betting Google's self-driving tech is an 'unbeatable solution'

FIAT CHRYSLER'S CEO IS BETTING GOOGLE'S SELF-DRIVING TECH IS AN 'UNBEATABLE SOLUTION'

Fiat Chrysler Automobiles turned in its best quarter ever for the first three months of 2017, and CEO Sergio Marchionne was in a good...

 
 
 
Trump's Tax Proposal Would Be Ridiculously Good For Rich People

TRUMP'S TAX PROPOSAL WOULD BE RIDICULOUSLY GOOD FOR RICH PEOPLE

WASHINGTON ― President Donald Trump's top economic advisers on Wednesday proposed trillions of dollars in tax cuts for millionaires...

FCC chief lays out attack on 'net neutrality' rules

FCC CHIEF LAYS OUT ATTACK ON 'NET NEUTRALITY' RULES

NEW YORK - The head of the country's telecommunications regulator says there will be a vote in May on ditching Obama-era "net neutrality"...