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Mailbag: Commit or Go Home

Q: What’s the very first thing you need to consider before you start investing in startups?
A: Let’s start with a couple of assumptions. I’m going to assume you know that startups are more risky than most assets in your portfolio. I’m also assuming you know there’s more upside to startups than most assets in your portfolio. Those are important things to take into account before beginning your startup investing journey.
But in the spirit of you asking for something less obvious, I’m going in a different direction.
The most important thing to consider before you start is commitment. Investing in startups is …read more […]

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Exclusive: Chevron CEO plans major cost-cutting overhaul of production teams – sources

Chevron has been among the strongest performers among the big oil majors but the company is trying to stay ahead of weakness in shale that has hurt other large oil exploration companies. “The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment,” said Chevron spokesman Kent Robertson. Known for cost cutting at refining and chemical operations earlier in his career, Wirth’s overhaul will apply those skills to Chevron’s upstream operations, which supply 90% of profit but face challenges from shale fields that require constant investment to keep …read more […]

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Tesla Truck Unveiling Is 'Black Eye' for Musk, Wedbush's Ives Says

Nov.22 — Dan Ives, Wedbush Equity Research managing director, reacts to Tesla Inc.’s unveiling of its new “Cybertruck” where two of the truck’s windows were smashed with a metallic ball during a demonstration. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” …read more […]

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Bayer's Monsanto pleads guilty to illegal Hawaii pesticide spraying

The Department of Justice said late Thursday that Monsanto sprayed Penncap-M, which contained the banned pesticide methyl parathion, on research crops in 2014, despite knowing that the Environmental Protection Agency prohibited its use after 2013. It also said Monsanto, now part of Germany’s Bayer AG, admitted it let employees enter the sprayed fields after seven days despite knowing it should have waited 31 days. …read more […]

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Ban on flavored vapes could lead to loss of 150,000 jobs, $8.4 bln sales hit – report

A potential U.S. ban on e-cigarette flavors could result in a loss of more than 150,000 jobs and a direct sales hit of $8.4 billion, according to a report released on Friday by a vaping industry trade group. Two months ago President Donald Trump’s administration announced a sweeping plan to ban all e-cigarette and vaping flavors except tobacco, but a final decision has not been made. Trump is set to meet with a range of groups including industry representatives on Friday to discuss tightening of e-cigarette regulations. …read more […]

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Boeing's top communications official to retire as MAX crisis drags on

Boeing Co’s head of corporate communications, Ann Toulouse, elected to step down from her role and would retire next year, the world’s largest planemaker said on Friday. Toulouse, a 30-year company veteran, is the second high-ranking female communications leader to leave the embattled U.S. planemaker as it fights to rebuild trust with airline customers and the flying public after two recent crashes of its 737 MAX killed 346 people in the span of five months. Boeing said it would name her successor in the near future. …read more […]

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A Young Audience… an Angry Old Man… and a Sad Outcome

On Monday, Alex discussed a recent debate of socialism versus capitalism that he attended.
Today, he’s taking a deeper look at some of the socialist arguments and why they’re not valid in today’s market.

In my last column, I reported on a debate I attended in New York City last week where two capitalists squared off against two socialists, including author and academic Richard D. Wolff, a committed Marxist.
It was an Oxford-style debate. And the socialists won.
That surprised me.
Partly because socialism has been an abject failure everywhere it’s been tried – ask any Cuban or Venezuelan – but also because Wolff made …read more […]

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VirnetX patent win against Apple vacated by U.S. appeals court

In a partial victory for VirnetX, the U.S. Court of Appeals for the Federal Circuit left in place a Texas jury’s finding that Apple iPhones infringed two VirnetX patents relating to secure communications technology. The Texas judge must consider whether to hold a new damages-only trial or to recalculate damages without holding one, the appeals court said. …read more […]