Tesla is firing hundreds of employees, the San Jose Mercury News first reported on Friday. The news followed annual reviews at the company, and was revealed just one day after Tesla announced a recall impacting 11,000 of its Model X SUV’s worldwide. The recall concerned rear seats that may fail to lock safely in place […]
Read moreCNBC’s Jim Cramer remembers the days when the market declined and traders would flock to safety in “recession-proof” stocks like General Mills and Kimberly-Clark. But times have changed. Now, the “Mad Money” host sees traders fleeing to the FANG stocks, Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet when their favorite sectors go […]
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With the semiconductor space on fire, up 35 percent for 2017 according to the Philadelphia semiconductor index, CNBC’s Jim Cramer understands investors’ desire to own chip stocks. “At the moment, it feels like even a monkey with a dartboard could make a killing in the semis. That’s how strong they’ve been. But this is also […]
Read moreAfter Hewlett Packard split into two companies, Dion Weisler, the president and CEO of the newly formed HP Inc., crystallized his computer and printing company’s ultimate goals. Printing alone sounded stale, but 3-D printing presented much larger opportunities in mass production, personalization and new-age manufacturing, Weisler told CNBC on Friday. “This is why we got […]
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For CNBC’s Jim Cramer, the stock market’s major averages routinely hitting record highs is anything but humdrum. “But as much as I love it when stocks go higher, I recognize that the market can only go up as much the earnings let it, and next week we get a parade of numbers that will determine […]
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As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed. For example, it took well over 1,000 days for each leg of bitcoin’s climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this May, the digital currency has […]
Read moreCryptocurrencies like bitcoin will become so valuable and widespread that all money transfers are going to be free, according to a top tech investor. Cathie Wood, the CEO of ARK Invest, said the internet doesn’t have a built in payments system because it wasn’t conceived as a place of commerce. Bitcoin and other cryptocurrencies are […]
Read moreTech investor Cathie Wood shared her views on the impact that disruptive innovations such as bitcoin and companies like Tesla are having on the markets in an exclusive interview with CNBC PRO‘s Mike Santoli. “[Cryptocurrency] markets are huge. We believe that digital services are as integral, or maybe more integral to our lives, than commodities […]
Read moreCurrency, United States Finance
EU finance chief says name calling not helpful after 'enemy' jibe from UK
A top EU official has told CNBC that he wants solutions rather than name calling amid Brexit negotiations, following controversial comments made by the U.K. finance minister on Friday. Eurogroup President Jeroen Dijsselbloem responded to news that Britain’s finance chief Philip Hammond had called the EU “the enemy”, by pointing out that it isn’t likely […]
Read moreActivision Blizzard’s “Destiny 2” game sales are coming in significantly below expectations and faltering in comparison to the franchise’s first game, according to Wall Street. U.S. physical game sales of “Destiny 2” declined more than 50 percent in the month of September versus the 2014 release of “Destiny” in its first month, according to NPD […]
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