With self-driving vehicles moving closer to hitting the street beyond isolated test markets, AutoNation is positioning itself to service autonomous-drive vehicles. The country’s largest auto dealer has signed a multiyear deal to service the growing fleet of self-driving Chrysler Pacifica hybrid minivans. “We are excited to partner with Waymo, who is a leader of self-driving […]
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U.S. crude prices retreated after coming within striking distance of their 2017 high on Wednesday, raising questions about whether a rally that started in June has reached its peak. On the one hand, the trend of future oil prices suggests that a prolonged global glut of crude is coming to an end. But at these […]
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Shares of Activision Blizzard have soared 81 percent this year, and Oppenheimer technician Ari Wald says the stock’s about to fly even higher. “Activision is a high momentum stock and it does warrant a buy rating in our work,” he said Wednesday on CNBC’s “Power Lunch.” “The thing with these high momentum stocks is they […]
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Catalonia crisis a 'political win' for Rajoy as party sees popularity rise
Before the Catalonia crisis, Spanish Prime Minister Mariano Rajoy’s popularity ratings were in the doldrums. But his leadership during the Catalonia constitutional crisis has given him and his Partido Popular (PP) a boost. Over the last month, Rajoy’s government has been uncompromising with Catalonia’s separatists following the region’s illegal independence referendum on October 1. Last […]
Read moreGiants of commerce have been honored by the CNBC Asia Business Leaders Awards year in and year out since they were founded 16 years ago, and this year’s crop of winners lived up to the tradition. The soft-spoken chairman of an Indian conglomerate, an airport technology guru from Singapore, and a charity-minded health care CEO […]
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Spain's chief prosecutor calls for arrest of Catalan leader Puigdemont
Spain’s High Court is likely to issue a warrant for the arrest of the former Catalan President Carles Puigdemont after the pro-independence leader failed to appear at a court hearing on Thursday. Spain’s High Court issued a summons for Puigdemont and 13 of his colleagues to appear in the Madrid-based court on Thursday and Friday. […]
Read moreApple has just a few hours to answer Wall Street’s billion-dollar question — well, $85 billion to be exact. Apple on Thursday afternoon is set to report its financial results for the quarter ending in September and give Wall Street an idea of what to expect over the holiday season. Analysts surveyed by Thomson Reuters […]
Read moreOnce known primarily for cheap manufacturing, China is fast becoming a major tech innovator. It is now not only a major magnet for U.S. venture capital investment, but also a dominant force in innovation — as demonstrated by the fact that the country just set a new record for filing the most patents, ever. The […]
Read moreTwo Democratic senators recently created a fictitious Facebook group to prove just how easy it is to target specific people with fake news. Sens. Mark Warner of Virginia and Amy Klobuchar of Minnesota built a group on Facebook and named it “Americans for Disclosure Solutions” which has the acronym ADS. The senators then paid Facebook […]
Read moreTesla shares dropped more than 6 percent in pre-market trading on Thursday as Wall Street questioned how much leeway it should continue to give the automaker’s outspoken founder, Elon Musk. Tesla reported a wider-than-expected loss Wednesday evening and said the production of its mass market Model 3 sedan won’t meet previous forecasts for another three […]
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