business Archives - Page 8 of 10

JPMorgan Chase Admits Cryptocurrency Is a ‘Risk’ to its Business for the First Time

February 28, 2018 Loknath Das'First, a, Admits, business, Chase, Cryptocurrency, for, Is, Its, JPMorgan, Risk, The, Time, to

Despite JPMorgan Chase CEO Jamie Dimon having called Bitcoin a “fraud,” the big bank is now taking cryptocurrency very seriously—acknowledging the blockchain-based technology as a veritable threat to its future. In JPMorgan Chase’s annual report, released Tuesday afternoon, the bank counted cryptocurrencies such as Bitcoin and Ethereum as “risk factors” to its business for the first time, recognizing the digital currencies as new forms of competition that could, quite literally, give the bank a run for its money. “Both financial institutions and their non-banking competitors face the risk that payment processing and other services…

Amazon is buying Ring, a business that was once rejected on ‘Shark Tank’

February 28, 2018 Loknath Dasa, Amazon, business, Buying, Is, On, once, Rejected, Ring, Shark, Tank', That, Was

Adam Taylor | ABC | Shark Tank Ring CEO Jamie Siminoff on ABC’s “Shark Tank” in season 5. Tuesday, Amazon agreed to buy Ring, a company that makes smart doorbells, according to representatives of both companies. “Ring’s home security products and services have delighted customers since day one. We’re excited to work with this talented team,” an Amazon spokesperson told CNBC Tuesday. While the official deal hasn’t yet been announced, it could cost Amazon over $1 billion, according to Reuters. Amazon buys digital doorbell maker Ring For Ring’s CEO and founder Jamie Siminoff, achieving…

Ford is setting up for an autonomous ride-hail and delivery business in Miami

February 28, 2018 Loknath Dasan, and, autonomous, business, Delivery, for, Ford, In, Is, Miami, ride-hail, setting, Up

An Argo AI-powered Ford vehicle driving down the streets of Miami. Ford Ford is laying the groundwork for its autonomous vehicle business in Miami, Fla. It’s a three-pronged approach that is still in its infancy, but includes a delivery pilot in partnership with Dominos and Postmates, testing self-driving cars around the city and setting up a fleet-management center. Many other companies in the self-driving space have begun testing both delivery and ride-hail services, but few have established dedicated fleet-management centers that will facilitate the maintenance and operation of these driverless vehicles.…

How to Use Facebook’s Workplace for Small Business

January 29, 2018 Loknath Dasbusiness, Facebook's, for, How, Small, to, Use, workplace

Facebook’s Workplace has been on the market for a little over a year and has seen rapid adoption by organizations of all sizes around the world. According to Facebook, more than 14,000 companies use Workplace as their internal team collaboration tool. Given people’s familiarity with the social media giant, it’s no surprise that large companies such as the Royal Bank of Scotland and Walmart are using Facebook’s enterprise version with the goal of improving employee communicate and increasing productivity. The questions is, how can small businesses use this tool effectively? How…

SMALL BUSINESS OPTIMISM UP IN BC

January 29, 2018 Loknath DasBC, business, In, OPTIMISM, Small, Up

The latest Business Barometer survey by the Canadian Federation of Independent Businesses shows British Columbia’s small business optimism increased 2.4 points in January. This brings the total level to 66.7 points, meaning the economy in the province is growing at its potential. So what does that mean for small business owners in Northern BC? “They’re looking to expand a little bit more. When we look at the level we’re at now, above 65, it means that the majority of small business owners surveyed are actually looking to expand so that’s a good sign.,” explains…

Blockchain Investment Services: What Small Business Owners Should Know

December 21, 2017 Loknath DasBlockchain, business, investment, Know, Owners, Services, Should, Small, What

All economies are built on the basic premise of bartering. Before the creation of currencies, humans exchanged goods by trading one good (or a basket of goods) for another. If someone wanted some of his neighbor’s catch from the day, perhaps he would trade three shucks of corn from his field for one fish–thus initiating a trade. As society advanced, humans began to use precious metals to assign value to objects. No longer did people trade three shucks of corn for a fish–no, now they had to give the fisherman…