Articles

Stanford ex-coach gets one day in prison in college scandal

Prosecutors had sought a sentence of 13 months in prison for former Stanford University sailing coach John Vandemoer, who admitted to taking more than $500,000 in bribes for the sailing team in exchange for recruiting unqualified applicants to get them into Stanford.

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Stock strategist who nailed 2018 says recession bell is ringing

After a tumultuous week ended May 10 on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came the following Monday, when the biggest sell-off in four months more than doubled last week’s damage. What changed? The reality of a potential impasse took hold. Maybe the U.S. and […]

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Facebook hires former PayPal team to create cryptocurrency option

The inner workings of Facebook’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts […]

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