Jim Breyer shares his views on technology investing and important trends in an exclusive interview with CNBC PRO’s Mike Santoli. On how artificial intelligence is changing the industry: “It’s a new paradigm in terms of the skill sets the very best students and post-docs have at the top universities. So there’s this renewal that’s very […]
Read moreClosely followed trader Art Cashin told CNBC on Friday that North Korean leader Kim Jong Un will be in “big trouble” without China’s financial backing. On Thursday, Reuters reported that China’s central bank has told banks to stop doing business with North Korea amid U.S. concerns that Beijing has not been tough enough about Pyongyang’s […]
Read moreTiffany’s sales problems are not likely to be fixed anytime soon, according to a top Wall Street firm. Goldman Sachs lowered its rating for Tiffany shares to neutral from buy, predicting difficulties in the company’s higher-end luxury goods segment even though new management is working to revive revenue growth. “We remain constructive that new leadership […]
Read moreHere’s a round-up of the most important deals in venture capital this week. Gogoro raised $300 million in a series C round led by Temasek Holdings, and joined by Al Gore’s Generation Investment Management group, Sumitomo and others. Gogoro makes electric scooters and battery-swapping kiosks where users can charge or swap them out. SoftBank poured […]
Read moreUber’s London unit has launched a petition against the decision to revoke its license on Friday, saying that regulators were trying to “restrict consumer choice.” “We are sure Londoners will be as astounded as we are by this decision. By trying to ban the app from the capital, the Mayor and Transport for London have […]
Read moreAmazon bought grocery chain Whole Foods, and now it wants to work with more restaurants as it moves further into the food industry. The internet giant has partnered with Olo, a New York-based food delivery service, to list Olo’s clients on the Amazon Restaurants food delivery section of Amazon.com. GrubHub, a rival Chicago-based restaurant takeout […]
Read moreCurrency, United States Finance
In major new speech, UK leader Theresa May says UK hoping for a 'creative and practical' Brexit
U.K. Prime Minister Theresa May has asked for a “creative and practical” solution for the country’s exit from the European Union at a speech on Friday. Speaking to an audience in Florence, Italy, May said that the U.K.’s future partnership with the EU cannot be like the European Economic Area – where goods, services and […]
Read moreFinish Line shares are tumbling again after the retailer reported second-quarter financials on Friday morning that underwhelmed the Street. The retailer’s stock was down nearly 5 percent in early trading Friday after falling more than 11 percent at one point. “Our second quarter results were shaped by a very promotional marketplace for athletic footwear,” said […]
Read moreLoup Ventures’ Gene Munster told CNBC on Friday that Apple investors should brace themselves for a “rocky day” as the tech giant’s iPhone 8 and iPhone 8 Plus hit store shelves. Shares of Apple are more than 4 percent lower this week after some speculated that demand for the new iPhone 8 was weak. Apple […]
Read moreUber was banned from operating in London Friday, and a rival ride-sharing company celebrated with discounts. German company, mytaxi, tweeted Friday morning that customers would see an immediate drop in prices through the end of September, when Uber’s license officially expires. tweet The city’s ban on Uber has left some Londoners searching for alternatives. With […]
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