Jahvon Meadows

Cryptocurrency exchange Coincheck’s hack causes $400 million loss
Business

Cryptocurrency exchange Coincheck’s hack causes $400 million loss

Coincheck, one of Japan’s biggest cryptocurrency exchanges, recently disclosed that it had lost at least $400 million worth of NEM coins to hackers. The exchange’s network was hacked on Jan. 25, and the attack went unnoticed for eight hours, according to Engadget. This gave hackers enough time to transfer around 500 million NEM coins, one…

Business

Walt Disney Company resumes talks to purchase Fox assets

Earlier this year, The Walt Disney Company expressed an interest in purchasing some assets of 21st Century Fox, but a deal was never fully agreed upon. Recently, Disney has resumed its discussions with Fox, looking to purchase some parts of the media conglomerate. Besides Disney, Murdoch family-owned Fox is also in discussion over whether to…

Business

Tesla announces release of new Roadster and Semi truck vehicles

Tesla Inc., the U.S. automaker, energy storage company and solar panel manufacturer, recently announced its new lineup of electric-powered vehicles. They include the Tesla Roadster, a new car, and the Tesla Semi, an all-electric semi-truck. The Semi is a four-motor truck with a range of 500 miles and some self-driving capabilities, according to The Verge….

Apple reportedly developing AR headset to succeed iPhone in 2020
Business

Apple reportedly developing AR headset to succeed iPhone in 2020

Apple Inc. is reportedly working on a revolutionary new product designed to succeed its popular iPhone. According to Bloomberg, the company is working toward developing the technology for an augmented reality headset by 2019 and the product itself could be finished and shipped to potential customers as early as 2020. Current generation virtual reality headsets,…

Business

Broadcom makes $130 billion acquisition deal for Qualcomm

Broadcom Limited announced its intention to purchase Qualcomm for $130 billion, including debt. Broadcom, a semiconductor maker whose chips help power Apple’s iPhones, offered $70 a share in cash and stock for Qualcomm, the world’s largest maker of mobile phone chips and Broadcom’s rival. Purchasing Qualcomm would make Broadcom the world’s third largest chipmaker, behind…

Senate Intelligence Committee holds hearings for tech firms
Business

Senate Intelligence Committee holds hearings for tech firms

Congress and U.S. intelligence agencies have agreed that the Moscow Kremlin attempted to divide the general public on topics such as race and religion, as well as influence the political climate during the 2016 presidential election. The Russian government achieved this feat largely through the use of social media, which allowed Russian sponsors to spread…

Business

President Trump nominates Powell as Fed Chair to replace Yellen

On Nov. 2, President Donald Trump nominated Federal Reserve Governor Jerome Powell to become the new Chairman of the Federal Reserve, replacing former chair Janet Yellen. Powell was first appointed to the Fed board in 2012 by former President Barack Obama. Trump described Powell as an intelligent and committed leader who would “build on Yellen’s…

Business

Mattress startup Casper attains $750 million valuation in 5 years

Since launching in 2014, Casper, a direct-to-consumer mattress company, has grown from a small startup to a company with over 250 employees in multiple countries and hundreds of millions of dollars in annual sales. Within the last four years, the company has risen to a $750 million valuation. The company’s co-founders, Jeff Chapin, Gabriel Flateman,…

Business

Robot-managed funds gain popularity over human-managed funds

BlackRock, the largest fund company in the world, is experiencing a new problem that has affected the entire finance industry in recent years. Funds actively managed by human managers have fallen out of favor for funds managed by robots. At BlackRock, these low-cost funds have enjoyed enormous growth as human stock pickers, who drove much…

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