Microsoft co-founder Bill Gates, worth more than $85 billion, is one of the richest men alive, according to Forbes. He was a pioneer in the software industry. Facebook CEO Mark Zuckerberg became one of the most iconic tech entrepreneurs in the world for his innovations in social media. He’s now worth more than $68 billion. […]
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Goldman Sachs is betting on stocks with high revenue growth to perform well, while the broader stock market grinds slowly higher over the next two years. “The path to 2,600 at the end of 2019 will be driven by top-line sales growth,” David Kostin, chief U.S. equity strategist at Goldman, said in a Friday report. […]
Read moreA tech investor turned team owner says traditional broadcasting is still the best viewing experience for live sports coverage, shrugging off competition from streaming services. “There are so many different elements that can impact a broadcast and your experience with it when you stream,” owner of the Dallas Mavericks Mark Cuban told CNBC’s “Squawk Box” […]
Read moreThey’re completely airless, last virtually forever, and could be the perfect tire for our autonomous future. Michelin, the 128-year-old tire manufacturer based in Clermont-Ferrand, France, recently unveiled a 3D-printed tire concept that it says could be the ideal ride for self-driving cars. It just needs to figure out how to actually manufacture them first. Dubbed […]
Read morePresident Donald Trump will issue a new directive Monday to supercharge the U.S. government’s support for science, tech, engineering and mathematics, including coding education, three sources familiar with the White House’s thinking told Recode. To start, Trump is set to sign a presidential memorandum at the White House later today that tasks the Department of […]
Read moreShares of offshore drilling and services companies surged on Monday after UBS upgraded several stocks in the space and as oil prices hit multi-month highs. Transocean‘s stock jumped 7 percent to nearly $10. Shares of Diamond Offshore were up about 6.5 percent above $14 share. Noble Corporation rose 10.8 percent to trade above $4.50. Ensco […]
Read moreCurrency, United States Finance
German far-right party raises concerns about Nazi ideology of the past, warns ex-Merkel official
A former member of Chancellor Angela Merkel‘s government said Monday he’s concerned about the rise of the far-right Alternative for Germany party, which has secured a place in the Bundestag for the first time. “It is a movement. It is a protest movement,” said Karl-Theodor zu Guttenberg, who served as economics minister and then defense […]
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Gold surged Monday after North Korea’s foreign minister accused U.S. President Donald Trump of declaring war. Foreign Minister Ri Yong Ho told reporters in New York on Monday the U.S.’ alleged declaration gives North Korea the right to strike back. Actions could include shooting down U.S. bombers, he said, even when they are not inside […]
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The price of bitcoin rose sharply on Monday with its price spiking up 7 percent Monday morning, according to Coindesk market data. The price of the cryptocurrency is up nearly 300 percent year to date. It was unclear what was behind Monday’s sudden move higher. Bitcoin is still under the $4,000 level, which it broke […]
Read moreHere’s a bright and booming sector within retail. Off-price retailers — TJ Maxx owner TJX, Ross Stores and Burlington — are expected to see incremental sales growth of $18 billion to $19 billion by 2021, according to JPMorgan. And that boost will primarily stem from the demise of department store chains, analyst Matthew Boss wrote […]
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