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Economic news

N26, the online bank backed by Peter Thiel, is now worth $3.5 billion - CNBC

Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.
Ryan Browne

Black Pennsylvania Trump voter wonders if he’s still welcome in the GOP - Raw Story

Tuesday, CNN released interviews with Texas Trump supporters who defended his racist attacks on four Congresswomen of color. Wednesday night, Van Jones showed his panel of supporters of both President Donald Trump and former President Barack Obama. But things…
Sarah K. Burris

Theranos founder Elizabeth Holmes faces fraud charges in court - KGO-TV

A federal judge has ordered the FDA to move quickly in providing millions of documents to Theranos founder Elizabeth Holmes she says is key to her defense.

Report: Amazon Facing Antitrust Probe in the EU Over Its Use of Marketplace Merchant Data - Gizmodo

The European Union is planning an antitrust investigation into e-commerce giant Amazon over its treatment of third-party merchants that rely on the company’s marketplace to sell goods, the Wall Street Journal reported on Wednesday.
Tom McKay

CBS and AT&T are warning customers that some stations may be dropped from DirecTV, U-verse - USA TODAY

Some DirecTV and AT&T U-verse customers could soon lose access to their local CBS stations. Are you at risk?
Kelly Tyko

Netflix mobile-only plan is official, coming to India first - Android Authority

We don't know how much cheaper it will be than the basic plan yet, though.

Senate Schedules Second Cannabis Hearing For Next Week - Marijuana Moment

A key Senate committee will hold a hearing next week to discuss hemp production, featuring witnesses from the U.S. Department of Agriculture (USDA), the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA). In the months since hemp…
Kyle Jaeger

Tesla Pickup Truck Reliability Might Be A Major Concern - InsideEVs

Truck owners need dependable, reliable and powerful.
Eric Loveday

Key Comments From Libra Hearing at US House of Representatives - Cointelegraph

Legislators in the U.S. House of Representatives heard testimony on Facebook’s Libra cryptocurrency project. Here are some key comments from lawmakers and David Marcus
Aaron Wood

IBM Revenue Lags as Cloud Pivot Remains a Challenge - The Wall Street Journal

International Business Machines reported another drop in quarterly revenue as Chief Executive Ginni Rometty struggles to remake Big Blue for the modern computing age.
Asa Fitch

OPEC's Oil Giants Give Trading Houses A Run For Their Money -

With plans to significantly grow their trading businesses, the state oil firms of OPEC’s largest oil producers will soon be giving independent oil traders a run for their money
Tsvetana Paraskova

Facebook needs to drop Libra and buy Square, Jim Cramer says - CNBC

"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.
Tyler Clifford

Kinder Morgan reports mixed Q2; to move ahead with key pipeline project - Seeking Alpha

Kinder Morgan (NYSE:KMI) -2% after-hours as Q2 earnings swing to a profit due to improved earnings from natural gas pipelines and fewer impairment charges but miss analyst expectations.Q2 distributabl
SA Editor Carl Surran

You Can Now Stay In An Oscar Mayer Wienermobile Overnight With Airbnb -

We're not joking here.
Elijah Scott

Cramer: Earnings suggest business and consumer economies are 'out of sync' - CNBC

"I can't think of another time … where the consumer was in such great shape while the industrials were in so much trouble," Jim Cramer says.
Tyler Clifford

Netflix's Newest Drama: Its Q2 Earnings -

As Netflix dropped following an earnings miss on late Wednesday, key challenges emerged: declining net income, slowing membership growth and increased competition from Disney and others....NFLX
Dave Butler

Hummus company recalls nearly 100 varieties over Listeria contamination - JTA News

Houston-based Pita Pal Foods said it was issuing a voluntary recall of a number of dips made between May 31 and June 25.
Josefin Dolsten

EBay Earnings Beat Q2 Estimates But Q3 Sales Outlook Weak - Investor's Business Daily

EBay earnings and revenue for the second quarter beat estimates, causing eBay stock to jump after the market close Wednesday.

New cyberthreats require new ways to protect democracy - Microsoft

Starting today at the Aspen Security Forum we’re demonstrating the first voting system running Microsoft ElectionGuard as an example of how ElectionGuard can enable a new era of secure, verifiable voting. The demo shows how it’s also possible to make voting m…

EBay Shares Rise After Hours as Company Tops Second-Quarter Estimates -

EBay sees better-than-expected results in second quarter....EBAY
Tom Bemis