A $70 billion investment manager turned the Milwaukee Bucks into a basketball powerhouse. Now he’s set on improving America’s dismal passenger trains

A $70 billion investment manager turned the Milwaukee Bucks into a basketball powerhouse. Now...

Hugging Florida's Atlantic coast is a narrow strip of land with some of the country's most recognizable attractions. From the white sand of Miami's South Beach and its nearby cruise ship ports, through the palm-laden groves of Broward County, all the way up through Orlando and Disney is one of the country's most densely built…
Apple’s new services ‘aren’t hobbies,’ a testy Tim Cook told analysts

Apple’s new services ‘aren’t hobbies,’ a testy Tim Cook told analysts

Apple, it seems, is no longer interested in hobbies. On a conference call with analysts Tuesday, Tim Cook, the company's CEO, seemed to get a bit defensive when asked about the potential of the new services Apple announced last month. After touting the early consumer interest in Apple Card, the company's new credit card, and…
Microsoft, Google and others ‘are making little or no impact’ on Amazon’s cloud dominance, according to an analysis of their quarterly earnings reports

Microsoft, Google and others ‘are making little or no impact’ on Amazon’s cloud dominance,...

Now that all of the major cloud computing vendors have published their first quarter results, cloud market researcher Synergy is tallying how each of them fared. Most of them don't really report their cloud computing earnings in a way that makes them easy to compare. For instance, Google bundles its cloud revenues into under the…
Mark Zuckerberg says ‘the future is private.’ But his definition of privacy might not be what you think.

Mark Zuckerberg says ‘the future is private.’ But his definition of privacy might not...

Mark Zuckerberg has a new mantra: "The future is private." It's an extraordinary statement, given the messenger. Facebook has been mired in one privacy scandal or another almost its entire life, and the last two year have been a non-stop rollercoaster of red-hot crises. But the 34-year-old billionaire is leaning hard into a so-called pivot…
There were some awkward surprises in Tesla’s last financial filings

There were some awkward surprises in Tesla’s last financial filings

Wall Street just got to see all of the details of Tesla's disastrous first quarter, and now things look even worse for the electric-car maker than they did just a few days before. Here's what went down: Last week the company reported select numbers — including a $700 million loss and deliveries that fell 31%…
A drugmaker allegedly used free Las Vegas trips, fancy dinners, spa treatments, and Starbucks gift cards to bribe doctors to sell more of its expensive drug

A drugmaker allegedly used free Las Vegas trips, fancy dinners, spa treatments, and Starbucks...

To sell its expensive drug, a drugmaker allegedly resorted to bribing doctors and, when that failed, their office staffs, with everything from Starbucks gift cards to free Las Vegas trips, lavish dinners, sponsored happy hours and karaoke excursions. That's according to allegations in a whistleblower lawsuit by two former employees of the company Questcor. Questcor…
Tesla’s stock is ‘caught in a flywheel of concerns,’ says Morgan Stanley analyst who just cut his price target for the 4th time this year

Tesla’s stock is ‘caught in a flywheel of concerns,’ says Morgan Stanley analyst who...

Morgan Stanley is growing increasingly negative on Tesla shares. "TSLA shares appear caught in a flywheel of concerns around demand & access to capital driving the share price lower, exacerbating sentiment around demand & access to capital," analyst Adam Jonas wrote in a note to clients on Tuesday. He added: "Stopping this negative cycle is…
Facebook is getting its biggest facelift ever as the social network tries to prove it has changed after a string of scandals

Facebook is getting its biggest facelift ever as the social network tries to prove...

Facebook is getting one of the biggest facelifts in its 15-year history. On Tuesday, the California-based tech giant announced a sweeping redesign of the social network — ditching its iconic blue menu bar and replacing it with a cleaner, white design, and placing greater-than-ever emphasis on groups. The changes come as Facebook tries to move…
Hackers have stolen a ton of data from an IT company whose clients include Oracle, Airbus, and Porsche

Hackers have stolen a ton of data from an IT company whose clients include...

Hackers are blackmailing a massive German IT company with stolen data on some of the world's biggest companies, Motherboard reports. The hackers created a website in which they claimed to have stolen "over 516GBb data financial and private information on all clients" from the IT-services provider Citycomp. The firm reportedly has some notable clients on…
10 of the world’s best investing minds shared their biggest fears at Milken — and the lack of consensus is a major red flag of its own

10 of the world’s best investing minds shared their biggest fears at Milken —...

BEVERLY HILLS — Risks to the global market landscape were a major talking point during the first day of the Milken Institute Global Conference— perhaps unsurprisingly, given recent trepidation over a possible recession. What was surprising, however, was the failure of Milken panelists to agree on the most likely source of turbulence. There's usually something…

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