As the Dow Jones industrial average soared over 330 points on Thursday, CNBC’s Jim Cramer addressed the reasons behind the market’s wildly positive action. “Investors decided they were willing to pay more for stocks because good, old-fashioned companies, not just autonomous-driving, bitcoin-operated, artificial-intelligence-led, machine learning [plays], keep delivering upside surprises,” the “Mad Money” host said. […]
Read moreApple COO Jeff Williams is increasingly speaking out about his personal passion for health care. In Williams’ view, the future of medicine involves the patient at the center of the health experience armed with their data. And Apple can play a pivotal role in collecting this information through its massively popular consumer hardware like the […]
Read moreDon’t panic: this isn’t a tech selloff, according to famed tech investor Dan Niles. Niles, founding partner of AlphaOne Capital Partners, also recommended taking advantage of temporarily dragging FAANG stocks to invest in Facebook. “Let’s be realistic, this isn’t much of a selloff,” Niles said Thursday on CNBC’s “Fast Money.” “These stocks are all down […]
Read moreCNBC’s Jim Cramer is always on the lookout for the market’s most powerful secular trends, so the rise of electric vehicles wasn’t exactly lost on him. There’s just one problem. “When one of these themes gets big enough, when people realize it truly represents a major secular shift, a tectonic shift, in consumer behavior like […]
Read moreMicrosoft has elected four new members to its board of directors, bringing the total to 14. Nine of those 14 have been appointed since Satya Nadella became the company’s third CEO in February 2014. Nadella has already made a significant mark on the company, emphasizing its cloud products over its highly profitable but declining Windows […]
Read moreCNBC’s Jim Cramer hates parabolic moves, like the one he noticed in bitcoin’s rapid surge on Wednesday. “I particularly despise parabolic rallies, the kind with a huge upward slope, when you see them in slower growing industries. There’s a word for that kind of action, and the word is ‘unsustainable,'” the “Mad Money” host said. […]
Read moreNorth Korea’s 33-year-old dictator Kim Jong Un loves television. Under his rule, state-produced TV content has become one of Pyongyang’s primary tools for propaganda, replacing the feature-length films preferred by his father Kim Jong Il, according to Jean H. Lee, global fellow at the Woodrow Wilson International Center for Scholars. In new research, Lee described […]
Read moreAs the Dow Jones industrial average soared over 330 points on Thursday, CNBC’s Jim Cramer addressed the reasons behind the market’s wildly positive action. “Investors decided they were willing to pay more for stocks because good, old-fashioned companies, not just autonomous-driving, bitcoin-operated, artificial-intelligence-led, machine learning [plays], keep delivering upside surprises,” the “Mad Money” host said. […]
Read moreAsia markets were set to open higher on Friday, after U.S. stocks rallied overnight at the increasing likelihood that the Senate might pass a bill aimed at overhauling the U.S. tax code. The Dow Jones industrial average closed above 24,000 for the first time. Australia’s SPI futures traded at 6,008, rising from the ASX 200’s […]
Read moreGeneral Motors wants to create and cash in on operating a ride-hailing business featuring its self-driving vehicles. “This business is potentially bigger than our current core business,” GM CFO Chuck Stevens told analysts as the company unveiled its strategy for autonomous-drive vehicles. In short, GM thinks it can make billions of dollars building and operating […]
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