NEW YORK (Reuters) – Investors battered U.S.-based stock funds with the largest withdrawals this year as wild trading disrupted the market’s summertime calm, Investment Company Institute (…
Money
A look back in IPO: Facebook’s trailing profit and mobile intrigue
Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: In our series A Look Back In IPO, we’r…
Sorry, Banning ‘Killer Robots’ Just Isn’t Practical
Late Sunday, 116 entrepreneurs, including Elon Musk, released a letter to the United Nations warning of the dangerous “Pandora’s Box” presented by weapons that make their own decisions about when to k…
Insider Q&A: General Motors learning the rental business
General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Since then, the service has gro…
National Guard activates cyber-security task force
Aug. 18 (UPI) — A full-time Army National Guard unit of more than 100 cyber specialists was mobilized this week, the largest mobilization of cyber forces from reserve units to support the U.S. C…
Sources: Trump administration to take action against China
President Donald Trump will soon call on U.S. Trade Representative Robert Lighthizer to open an investigation against China. | Evan Vucci/AP The Trump administration is preparing to take action agains…
Applied Materials beats profit estimates, shares rise
(Reuters) – Applied Materials Inc (AMAT.O), the world’s largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in i…
Libor-tracking investments hit U.S. exchanges; complexity a worry
NEW YORK (Reuters) – Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to th…