Bitcoin gets a bit of a bump
That’s the version of Windows that Microsoft showed off Wednesday, skipping Windows 9 and enjoying what tech correspondent Molly Wood called “a bit of a prom king moment.” Between the new operating system and HoloLens, the tech giant could finally be delivering on the comeback it’s been promising for years, earning back some cool to go along with its resilient pile of cash.
That’s the worth of assets in public and private retirement plans directed by money management giant Pacific Investment Management Company, or PIMCO. And who is advising them on how to manage those assets? Former Federal Reserve Chairman Ben Bernanke.
The number of earnings calls from 2007 to 2014 in which analysts told companies they had a “great quarter, guys,” according to an analysis by Bloomberg. Turns out a “great quarter, guys” doesn’t always mean things are going all that great. In fact, 66 companies heard they were coming off a “great quarter, guys” at the start of 2008, just a few months before the economy tanked.
That’s how much money Goldman Sachs, along with a Chinese investment firm, is committing to Circle Internet Financial, a start-up focused on the technology behind Bitcoin. As the NY Times reports, it’s a significant vote of confidence for the digital currency’s potential legitimacy.
That’s the size of the Swiss watch market, as of last year, and it’s a market Apple has to tap into with its new smart watch. While tech coverage has been exhaustive, we’ve heard relatively little from the other world Apple is straddling with the Watch. The Verge sat down with John Tarantino, head of the mechanical watchmaker Martenero, getting his impressions of the Watch and whether he considers it a threat to his business.
Once valued at $100 million, anonymous phone app Secret will soon be no more. Founder David Byttow said the app has drifted from his original vision, and so he has decided to call it quits. As reported by BBC Tech, the company will return some of its $35 million in funding to investors.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.