Facebook, under intensifying pressure from legislators and consumers to clean up its site, is pledging to double the number of people it has working on issues related to safety and security. Colin Stretch, a vice president and general counsel at Facebook, testified before senators on Tuesday alongside executives from Twitter and Google. He told them […]
Read morePresident Donald Trump’s expected decision on the next Federal Reserve chair is likely to impact the bond market, as some leading contenders are considered more hawkish or dovish than others when it comes to monetary policy. Trump is expected to name his pick for Fed chair Thursday, and the PredictIt market on Tuesday evening showed […]
Read more
ONE recent morning in Salem in the state of Massachusetts, a witch ran out of wands. Teri Kalgren, the owner of Artemisia Botanicals, an apothecary and magic shop, attributed the shortage to a witch-inspired boom. People have long flocked to Salem to learn about the infamous witch trials of 1692, in which Puritan hysteria led […]
Read more
Technology is a favorite sector on Wall Street, so CNBC’s Jim Cramer felt it was his duty to see if investors were too late to buy into one of its top groups: the software stocks. “It’s good to be a software company right now,” the “Mad Money” host said. “Whenever you see this kind of […]
Read moreWith the Dow Jones industrial average and the S&P 500 index on track for their seventh monthly gains in a row, CNBC’s Jim Cramer understands why investors might be skeptical of the rally. “This kind of rally seems unbelievable. The world’s been starved of growth for ages; we simply haven’t seen anything like it for […]
Read moreUnauthorized drones are flying an average of twice a day above critical military infrastructure just 4 miles from the White House, according to new study from drone-detection start-up Dedrone and the Department of Defense. “This is a concerning rate,” Dedrone CEO Jorg Lamprecht told CNBC, “especially in light of international incidents where drones have crashed […]
Read moreGrail, the cancer detection start-up backed by tech giants Alphabet and Amazon, is already seeking new funding, mere months after it closed a $900 million round in March. The company had previously raised $100 million in 2016. Grail is primarily pitching sovereign funds, with mixed success, according to two sources familiar. It has approached Softbank […]
Read moreElectronic Arts reported quarterly revenue that met analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Revenue: $1.18 billion vs. $1.18 billion expected according to Thomson Reuters consensus estimates. For the full year, EA said it expects net bookings of $5.15 billion, as compared to Wall Street estimates of […]
Read moreIt’s becoming more and more worthwhile to sign up for Apple‘s repair and protection services. The latest iPhone, the iPhone X, opened for preorder on Oct. 27 and hits stores Nov. 3. The pricey phone starts at $999, and every iPhone comes with a standard 90 days of support and one year of repairs. But […]
Read moreApple is set to report its quarterly earnings after the bell on Thursday, and while the market is largely expecting the company to beat its earnings expectations, some have a more bearish outlook. Even amid the company’s recent iPhone X launch and generally positive reviews out on Tuesday, Apple has lost some of its edge, […]
Read more