Business

Investor, beware: King dollar is back, and it could slam Q3 earnings

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The continued rise of the dollar is one of the most surprising success stories of the markets this year. And that’s usually a bad sign for stocks. Read More

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Founders Fund signs up for a Miami office

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A naive part of me hoped for a slow start to Monday. This was not my day . Let’s kick off the week with a highly debated topic: the move by some venture capitalists to Florida and Texas. Founders Fund, the venture capital firm founded in part by Peter Thiel, has rented out space in […]
Business

Know when to fold ’em: How a company best known for playing games used A.I. to solve one of biology’s greatest mysteries

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It is March 13, 2016. Two men, dressed in winter coats and woolen hats to defend against the frigid night air, walk side-by-side through the crowded streets of downtown Seoul. Locked in animated conversation, they seem oblivious to the pulsating neon enticements of the surrounding dumpling houses and barbeque joints. They are visitors, come to […]
Business

Holiday retail sales rose 3%, driven by online shoppers

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U.S. holiday season sales beat low expectations for the pandemic year as online shopping surged. Total retail sales grew 3% over the extended 75-day holiday period, versus a forecast of 2.4%, according to Mastercard SpendingPulse, which tracks online and in-store retail sales across all payment methods. The number is far better than the 3.5% drop […]