- BusinessBusiness Insider•9 hours ago
Speculative bets that the Dow will run higher from here are at a record high. In a note to clients out on Wednesday, David Rosenberg at Gluskin Sheff noted that speculative long contracts — or bets that stocks are going higher — on the Dow at the Chicago Board of Trade recently hit a record of 38,382. Combine this with long bets on the S&P 500 rising to the highest level in three years and you have a recipe for concerns about the market echoed most forcefully by market legend Jeremy Grantham earlier this year: a blow-off top.
- BusinessSiliconBeat•11 hours ago
A lawsuit filed in federal court in San Francisco this week claims the team’s free app secretly uses the microphones on fans’ smartphones to listen to and record their conversations. The app, which lets fans view live scores and share posts from Warriors games on social media, asks for permission to access fans’ microphones, but doesn’t disclose the extent that it listens in, according to the suit, which was reported by The Recorder on Tuesday. The suit names the Warriors, New York-based Signal360 (which licenses the technology at issue) and Pennsylvania-based Yinzcam (which developed the app) as defendants. The lawyers claim the Warriors app employs new “beacon” technology, which allows it to track where its users are.
- financeNicole Sinclair•10 hours ago
Both Donald Trump and Hillary Clinton have been doing their best to appeal to business owners on the campaign trail. Presidential candidate Hillary Clinton recently rolled out what she calls a job-creating package of reforms to jumpstart small business startups specifically. Karen Mills, who serves