This year’s Burning Man festival in Block Rock City, Nevada, saw the arrival of the largest art car the playa has ever seen — in the form of a Boeing 747. The project comes from the Big Imagination Foundation, and was the brainchild of entrepreneur Ken Feldman. Others involved in the project include venture capitalists […]
Read moreBoth the dollar and U.S. Treasury yields spiked following big news out of the Federal Reserve. The Fed announced Wednesday it would start winding down its $4.5 trillion balance sheet in October. While the Fed left interest rates unchanged — as was widely expected — it indicated that one additional rate hike was probable this […]
Read moreThe stock of FedEx went on a wild ride after the shipping giant’s Tuesday earnings report, but CNBC’s Jim Cramer knew what was behind the move. Even though the quarter was widely seen as weak and shares initially fell, the stock turned around and closed up 2 percent on Wednesday. “It was a terrific moment […]
Read moreFacebook will lease all of the office space in a skyscraper under construction in downtown San Francisco, a new report says, as the company looks beyond its Silicon Valley home to house its fast-growing workforce. Facebook has leased 436,000 square feet at 181 Fremont St., which represents the city’s largest office lease in the last […]
Read moreWith the cybersecurity breach at Equifax top of mind on Wall Street, Mimecast chief Peter Bauer said employees are just as critical as technological security when it comes to protecting digital information. “Particularly with email security, attackers have figured out that the human sitting behind the computer is one of the weakest links,” Bauer told […]
Read moreAlphabet’s Nest unit designed its home security system with the help of police and “former burglars” during a years-long development process begun under former CEO Tony Fadell, company executives said. “We brought in a whole bunch of former burglars,” Nest general manager Michele Chambers Turner told a room full of media gathered in San Francisco […]
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As the stock of semiconductor manufacturer Nvidia tumbled in after-hours trading on news of a Tesla-AMD partnership focused on self-driving cars, CNBC’s Jim Cramer had to figure out what to do next. Shares of Nvidia hit an all-time high on Monday following several analyst upgrades that cited the company’s promising position in the fields of […]
Read moreIn a stock market consumed by news from the Federal Reserve, CNBC’s Jim Cramer was focused on three other events that were domino-like in how they toppled stocks. “What were today’s dominoes? Well, we got three of them: Apple, specifically issues with the Apple Watch, but also some concerns that the phone may not be […]
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AS EXPECTED, the Federal Reserve announced on September 20th that it will soon begin reversing the asset purchases it made during and after the financial crisis. From October, America’s central bank will stop reinvesting all of the money it receives when its assets start to mature. As a result, its $4.5trn balance-sheet will gradually shrink. […]
Read moreAlbertsons, one the largest U.S. grocers, is buying meal kit company Plated, the grocer announced on Wednesday. “This transaction is the latest example of Albertsons meeting our customers wherever and however they like to shop,” said Bob Miller, chairman and CEO of Albertsons. “We are excited to offer our customers more online options and fresh, […]
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