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Press Releases

Google-backed Magic Leap alleges workers stole its secrets

SAN FRANCISCO— Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets behind its technological tricks. Since its inception six years ago, Magic Leap has emerged as one of artificial reality's most intriguing startups while raising $1.4 billion from a list of investors that include Google and...

Source: The Associated Press

3 tips for switching careers from guy who left finance for food

Tired of dreading work on Mondays, Brett Schulman swapped finance for food—a leap of faith that appears to be paying off.


UPDATE 3-Japan's economy dodges recession in Q1, sales tax decision eyed

TOKYO, May 18- Japan's economy expanded at the fastest pace in a year in the first quarter, thanks in part to a leap year consumption boost, but analysts say the rebound was not strong enough to dispel concerns over a contraction in this quarter. Analysts had worried that the January-March period would not produce enough growth to avert recession- defined as two...

Source: Reuters

Nikkei rises on strong U.S. data, weaker yen

Fresh data showed Japan's economy expanded at the fastest pace in a year in the first quarter thanks to a consumption boost from the leap year, rebounding from the previous quarter's contraction and beating median market forecasts. "Taking into account the effects of the extra day from the leap year, which pushed up the quarter-on-quarter growth rate by 0.3...

Source: Reuters

Japan economy expands annualized 1.7 pct in Q1, dodges recession

TOKYO, May 18- Japan's economy dodged recession in the January-March quarter, expanding an annualized 1.7 percent thanks to firm exports and a boost from the extra day from the leap year, government data showed on Wednesday. The preliminary figure for gross domestic product compared with the median estimate of a 0.2 percent expansion in a Reuters poll of...

Source: Reuters

Argentine wheat exports leap on Macri policies; plantings seen up

BUENOS AIRES, May 16- Argentine wheat exports more than doubled in the first quarter, government data showed, as farmers rushed to sell stockpiles ahead of an expected jump in plantings spurred by the open-market policies of new President Mauricio Macri. Argentina, the world's 10th biggest wheat exporter, shipped 3.13 million tonnes of the grain in the first...

Source: Reuters

Warby Parker corporate culture and Leap Day

Farnoosh discusses office culture at Warby Parker and the activities on leap day.


US stocks make biggest leap since March on China stimulus

CHINA FACTOR: China's Cabinet approved measures to boost exports as Beijing struggles to reduce gluts in many industries and reverse an export decline that threatens to cause job losses. General Electric picked up 54 cents, or 1.8 percent, to $30.41 and aerospace giant Boeing rose $2.45, or 1.9 percent, to $134.55. ENERGY: U.S. crude rose $1.22, or 2.8 percent, to...

Source: The Associated Press

POLL-Japan likely escaped recession in Q1 but outlook remains weak

TOKYO, April 28- Japan probably narrowly escaped recession in the first quarter but weak domestic and external demand and a strong yen will keep a lid on any recovery, a Reuters poll showed. But many analysts said even that meager growth level is largely due to having an extra Leap Year day in the quarter, and believe economic growth was likely around zero or even...

Source: Reuters

Saudi Arabia's leap into the future

The crown prince of Saudi Arabia calls the plans for the country's new economic model a "leap into the future", reports CNBC's Hadley Gamble.