This Startup Just Raised $14 Million for an Idea Investors Once Called ‘Insane’ and ‘Stupid’

“The cloud” became a business-world trend when Salesforce launched in 1999, and its popularity has been growing ever since. The ensuing years have seen more and more internal business applications leaving companies’ data centers to live in the ether,...

Fed should shed bonds soon, keep hiking rates: Rosengren

The U.S. Federal Reserve should begin shedding its bond holdings soon but do so in a very gradual way that has little effect on its planned interest rate hikes, Boston Fed President Eric Rosengren said on Wednesday. The comments reinforced the central bank’s...