Tesla shares have dropped more than 20 percent from an intraday all-time high set roughly two months ago in mid-September. The Tesla Semi and second-generation Tesla Roadster created a buzz since they were unveiled on Thursday. But some investors remain concerned over issues such as whether Tesla can deliver on both its production goals for […]
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Corporate debt is at its highest level relative to U.S. GDP since the financial crisis , and while not now a concern, that mountain of corporate IOUs could quickly turn into a heap of worry under the right circumstances. Fueled by low interest rates and strong investor appetite, debt of nonfinancial companies has increased at […]
Read moreSquare can add tens of millions of annual revenue by supporting bitcoin, according to one Wall Street firm. The company revealed on Nov. 15 it is testing support for bitcoin through its Cash payments app. “While we are positive on Square’s strategy, to the extent it confers legitimacy on Bitcoin and prompts adoption by other […]
Read moreForecasts for the holiday shopping season are strong, because economic indicators generally are as well: the stock market, wages and consumer confidence are all up. Bain & Company is forecasting growth 3.5 percent to 3.9 percent. The National Retail Federation is anticipating a rise between 3.6 percent and 4 percent. Those numbers though, don’t tell […]
Read moreFor more than two years, investors, gamers and executives have wondered whether French media conglomerate Vivendi would launch a takeover bid for video game publisher Ubisoft. Now they’ve got an answer, at least for the short term. Vivendi, which on Thursday will enter a time window compelling the company to either make a formal takeover […]
Read moreFanDuel CEO and co-founder Nigel Eccles is leaving the company and stepping down from its board, where he was chairman. Eccles, who’s been CEO since the company’s founding in 2009, announced internally that he is leaving to start an eSports company. Monday is his last day. Eccles had been kicking around new startup ideas ever […]
Read moreEven as some of the world’s most influential investors denounce bitcoin, the digital currency has steadily moved from the “dark web” into the real world and demonstrated where it may be most practical: big payments. CNBC spoke with individuals and businesses who have paid or received thousands of dollars in bitcoin in recent weeks. They […]
Read moreA former operations manager responsible for Facebook’s privacy efforts said the company “prioritized data collection from its users over protecting them from abuse.” In a sharply-critical New York Times opinion piece that published Monday, Sandy Parakilas said Facebook “has no incentive to police the collection or use of data,” on its users, given its business […]
Read moreTen years ago, paper books got some stiff competition: the first Amazon Kindle was released. Sunday, billionaire Amazon founder Jeff Bezos honored the 10-year anniversary on his personal Instagram page with a photo look-back at some of the older versions. “Ten years ago today, we launched the first-ever Kindle. Happy 10th birthday @AmazonKindle and thank […]
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CHOOSING a hotel for a trip is generally seen as an apolitical decision. In contrast, restaurants and cafes have sometimes taken on an ideological tinge, with conservatives mocking liberals for their latte coffees, and liberals ribbing conservatives for their deep-fried everything and well-done steaks. But for most hotel users, location and good Wi-Fi matter more […]
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