As the debate continues over who will benefit most from the Trump administration’s tax reform plan, one clear winner will be corporate America’s bottom line. How much that translated into in raw numbers of course will depend on the final rates that Congress plugs in as it debates the proposal. However, estimates being tossed around […]
Read moreInvestors continue to wrongly underestimate Detroit automakers in the race to electric and autonomous cars, says former General Motors Vice Chair Bob Lutz. In particular, the Cadillac CT6 and its semi-autonomous Super Cruise system show that GM is actually in the lead on autonomous technology, Lutz told CNBC’s “Squawk Alley” on Wednesday. The CT6 is […]
Read moreMolly Jackson, an 82-year-old retired nurse, was sitting in the back seat of a self-driving taxi when the vehicle jerked to a halt at a crossing as its computer vision spotted an approaching golf cart. When the vehicle, a modified Ford Fusion developed by a start-up named Voyage, started to inch forward, it abruptly stopped […]
Read moreA growing global populist movement that will continue to generate backlash against big tech companies, according to technology investor Jason Calacanis. In Europe, for instance, Apple, Google and Amazon are all facing crackdowns over issues like taxes and monopoly. Tweet: Know it may be difficult, but more that 1 year after Apple decision, tax benefits […]
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It’s unlikely the self-proclaimed “King of Debt” can wave away Puerto Rico’s debts, but President Donald Trump’s interest in the island’s recovery may mean bondholders get an even smaller piece of the pie. “The president can’t just wipe out the debt,” said Jeff Lipton, managing director, head of municipal research and strategy at Oppenheimer. After […]
Read moreWith the announcement Tuesday that all three billion accounts were affected by a 2013 hack, Verizon-owned Yahoo became the victim of the biggest overall data breach by a long shot, according to a CNBC analysis of a database of reported breaches. In recent years, high-profile hacks have been bigger and more frequent. Part of that […]
Read moreThe S&P 500 just had its least volatile September ever, but one top Wall Street firm believes the recent sedate markets will not last. JPMorgan reiterated its overweight rating for Goldman Sachs shares, saying the investment bank’s trading results will improve as the markets get more volatile. Goldman Sachs “has shown excellent progress when it […]
Read moreGoogle is hosting an event in California on Wednesday where it’s unveiling new products. Here’s a look at what’s going down. Google’s senior vice president of hardware Rick Osterloh kicked off the show with a quick note that the company is introducing its second generation of Google-made hardware. Last year, Google unveiled the Google Pixel, […]
Read moreGoogle is expected to announce a new, upgraded Pixel 2 smartphone at an event today in California. Anticipated improvements include longer battery life and even higher quality photos. Our colleagues at the Verge are covering it live here. Google insists it has ambitious plans to create “compelling hardware products” and recently announced it would be […]
Read moreThe former CEO of Equifax returned to Capitol Hill on Wednesday, this time facing tough questioning from members of the Senate Banking Committee about the massive data breach the company disclosed last month. Sen. Elizabeth Warren of Massachusetts peppered Richard Smith with questions about the company’s business, which benefits when consumers buy credit protection and […]
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