Millennials are changing a host of industries, but perhaps none more drastically than the financial technology space, PayPal CEO Dan Schulman told CNBC on Monday. “You have to, to serve these markets, re-imagine how money can be managed and moved because there’s going to be more change in the next five years in financial services […]
Read moreI.am+, the tech startup founded by pop star and entrepreneur will.i.am, has raised $117 million in venture funding, the company told Reuters on Monday as it announced its entry into the corporate computing market with a voice assistant for customer service. The company, founded in 2012, initially focused on consumer electronics devices such as headphones. […]
Read moreU.S. stocks closed at record levels and oil prices traded at their highest marks since 2015 ahead of Asia’s Tuesday trading day. Amid that backdrop, investors will also be watching for headlines as President Donald Trump’s tour of Asia continues, with the president expected to arrive in South Korea on Tuesday following his two-day visit […]
Read moreSalesforce.com CEO Marc Benioff told CNBC on Monday that consumer “loyalty is dead.” “Loyalty is dead. It is,” Benioff told “Mad Money” host Jim Cramer. “Because it’s all about your community. Isn’t that how you buy anyway, from your friends? Don’t you want to join a community and be a part of a community?” Speaking […]
Read moreCNBC’s Jim Cramer wanted to explain why stocks were at record highs after Broadcom offered to buy Qualcomm for $103 billion in the largest deal the technology sector has ever seen. “[The deal] has sent shock waves through the whole tech sector,” the “Mad Money” host said. “The thing about technology is that many skeptics […]
Read moreWhat do you get if you combine Disney with parts of 21st Century Fox? For starters, you get a very big movie-making company. The two media conglomerates, which have talked about a deal in recent months, collectively control 29.4 percent of the U.S. film market, and a sizable chunk of the worldwide market. Here’s what […]
Read moreEtsy’s third-quarter sales were slightly higher than Wall Street expected, the company revealed on Monday. Etsy posted revenue of $106.4 million, higher than the $105 million expected by a Thomson Reuters consensus estimate. That revenue is up 21.5 percent from a year ago, when Etsy reported sales of $87.56 million. Earnings were 21 cents per […]
Read moreTesla‘s director of battery engineering, Jon Wagner, has left the electric car manufacturer, according to his LinkedIn profile. According to Wagner’s LinkedIn page, he is launching a battery and powertrain startup in California. The timeline of his departure is unknown. Wagner, who joined the company in January 2013, was involved in developing technology for all […]
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Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs. “The market has shown evidence of an impulsive rally since breaking above 6,044,” Sheba Jafari, vice president on the bank’s FICC Market Strats team, said in a Sunday note. “Next in focus [$]7,941. Might consolidate […]
Read moreSalesforce.com and Alphabet’s Google are teaming up to help their customers be more productive, Salesforce CEO Marc Benioff told CNBC on Monday. “You look to Google, you see this incredible world of information, you see the advertising but you also get Google Analytics,” Benioff told CNBC’s Jim Cramer in an exclusive interview on “Mad Money.” […]
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