Sometimes the next big thing isn’t easy to spot—even when its the iPhone, which celebrated its 10th anniversary today. Steve Ballmer, founder of Microsoft, infamously said that Apple’s new invention was a waste of money. “Five hundred dollars? Fully subsidized? With a plan? I said that is the most expensive phone in the world,” Ballmer reportedly […]

Point72 Steve Cohen. Billionaire Steve Cohen has opened a Palo Alto office to invest in early-stage companies focused on big data and machine learning, and he has hired two people who invested on behalf of the CIA. The two men leading the effort are Daniel Gwak and Sri Chandrasekar, who previously worked at In-Q-Tel, a venture capital […]

REUTERS/Fred Prouser Steve Wynn, president and CEO of Wynn Resorts Billionaire casino magnate Steve Wynn went back for more, but yet again a court slapped down the notion that he was slandered by famed short seller, Jim Chanos. Wynn appealed a 2015 district court decision to throw out a lawsuit against Chanos accusing the short seller […]

President-elect Donald Trump is set to name his Treasury secretary as soon as Wednesday, The New York Times reports. His pick is the ex-Goldman Sachs banker Steven Mnuchin, who served as the national finance chair on Trump’s presidential campaign. Mnuchin spent 17 years with Goldman Sachs, including as chief information officer at The Goldman Sachs Group […]

AP Photo/ Evan Vucci If soon-to-be White House strategic advisor Steve Bannon is right, then Donald Trump’s infrastructure plan is going to be a total disaster for the American economy. Here’s what he said about the plan in the The Hollywood Reporter: “I’m the guy pushing a trillion-dollar infrastructure plan,” said Bannon. “With negative interest rates throughout […]