Alphabet is in talks to invest roughly $1 billion in Lyft, according to Bloomberg. It’s unclear which part of Alphabet is leading the talks, as the company has multiple investment arms. Axios separately reported that “top-level company executives like Alphabet CEO Larry Page” are driving the negotiation. Axios reporter Dan Primack tweeted that the conversations […]
Read moreNorth Korea launched a missile in the direction of the east ahead of Asia’s Friday trading day. The unidentified missile flew over Japan before landing 2,000 km east of Hokkaido, Reuters said, citing Japanese broadcaster NHK. Following the North’s latest launch, South Korea has responded by firing its own missile, according to Reuters. The hermit […]
Read moreNorth Korea launched an unidentified missile early Friday morning local time that landed in the sea after passing over Japan. That was the second time the pariah state fired a projectile along that general trajectory in recent weeks, but the most recent iteration flew higher and traveled farther than its last. The missile was launched […]
Read moreAs the Dow Jones average closed at a record high on Thursday, CNBC’s Jim Cramer saw a forgotten sector getting a bit of unexpected love. “Nothing gives you clues better than the stock market,” the “Mad Money” host said. “Remember that peak auto thesis that autos were now headed [down]? Well, that’s being disrupted by […]
Read moreThe Arab countries that have cut ties with Qatar may have more to lose from the spat compared to the gas-rich state they are targeting, according to the group chief executive of the Middle East’s largest bank by assets. The blockade, which first unfolded in June, saw Saudi Arabia, United Arab Emirates, Egypt and Bahrain […]
Read moreBrick-and-mortar retailers may be feeling the heat from Amazon, but CNBC’s Jim Cramer is keen on one chain that’s been thriving despite the online giant’s domination: Best Buy. “Five years ago, it looked like this electronics retailer was roadkill, and it was regularly dismissed as merely being a showroom for Amazon. Remember that? You’d go […]
Read moreCNBC’s Jim Cramer is convinced that analysts who weren’t thrilled about Apple’s new iPhone release are missing something, and it may have something to do with age. “I think one of the reasons why there was so little ‘Wow, got to have it’ about the new iPhone, at least among the analyst community, is that […]
Read moreAs the Dow Jones average closed at a record high on Thursday, CNBC’s Jim Cramer saw a forgotten sector getting a bit of unexpected love. “This market’s rotating into what’s been left behind of late. That’s healthy. Hey, you know what? It’s health care. That’s right, health care’s catching up. How can you spot these […]
Read moreIf rates continue to rise, the real estate sector could see pain ahead as rising yields may hit names in the sector often seen as fixed income proxies. As yields bounce meaningfully from their recent 2017 lows, many noted the decline in utilities stocks, which also sport high yields and thus are seen as a […]
Read moreWant to market Nazi memorabilia, or recruit marchers for a far-right rally? Facebook’s self-service ad-buying platform had the right audience for you. Until this week, when we asked Facebook about it, the world’s largest social network enabled advertisers to direct their pitches to the news feeds of almost 2,300 people who expressed interest in the […]
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