Author: super@dmin

Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the…

Why Howard Marks is cautioning investors It’s time for investors to start making safer bets. That’s what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday. “Defense is more important than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your…

The truth about the retail apocalypse Barnes & Noble stock jumped more than 20% after the board said it would consider a sale of the troubled company. The board said Wednesday it had appointed a special committee to review offers. One came from longtime Barnes & Noble chairman Len Riggio. He is the company’s largest…

Bloomberg News/Landov Philadelphia Fed President Patrick Harker The Federal Reserve can pause from its steady pace of interest-rate hikes in December because low inflation allows the central bank to take its time, said Philadelphia Fed President Patrick Harker. “I have not seen an acceleration of inflation yet,” Harker said Wednesday in an interview with Bloomberg…

TD Ameritrade said Wednesday it had made an investment in ErisX, a new regulated derivatives exchange for trading cryptocurrency and futures. Clients of the TD Ameritrade Holding Corp. AMTD, +2.27%  can already trade bitcoin futures, but today’s announcement opens up the possibility of further cryptocurrency related product offerings. “Our retail clients are seeking to access…

Strolling the aisles, it didn’t take Eugenia Alcalá long to pick out her weekly grocery items: rice, beans, bread and meat. That’s about all that’s available in Caracas, the capital of Venezuela. Once she reached the cashier, it would be another 40 minutes before she could leave the store. “Yesterday the account was 200 million…

Major cryptocurrency prices were trading firmly lower Wednesday, breaking a recent bout of mostly sideways trading. Bitcoin, the world’s largest virtual currency, broke out of its $6,500 to $6,600 range and a single bitcoin BTCUSD, -0.82%  was last going for $6,465.75, down 1% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. The…

These employees test self-driving cars Honda and General Motors are teaming up to create a new generation of fully autonomous vehicles. Honda will invest $2 billion over 12 years into GM’s autonomous vehicle subsidiary, Cruise. GM and Cruise have been building and developing self-driving versions of GM’s Chevrolet Bolt EV electric car with plans to…

Getty Images A “now hiring” sign is posted in the window of a fast-food restaurant in San Francisco, California. The numbers: Private-sector employment soared in September, as employers added 230,000 jobs, Automatic Data Processing Inc. reported Wednesday. This is the highest hiring rate since February. The gain was well above forecasts from economists polled by…

Dear Moneyist, I became ill suddenly and had to retire at 62. When I was divorced at 45 I had nothing. I re-grouped, saved, saved and saved, put two children through college and rose through the ranks at work. When I retired, I had two years of expenses in an emergency fund (it is still…