The recent weakness in tech stocks made many investors question the true strength of cloud stocks, but not CNBC’s Jim Cramer. “The answer from pretty much everyone in the industry is the same. It’s simple: the idea that the cloud has reached saturation is absurd,” the “Mad Money” host said. “If anything, given the prevalence […]
Read moreAs he rounds out his last few months as CEO of the now-private Panera Bread, Ron Shaich told CNBC that one of his biggest worries is the “pervasive short-term-ism” of the public market. “The greatest competitive advantage Panera had, the reason we produced these results we did, is because we could think long term,” Shaich […]
Read moreWhen “momentum stock” Autodesk lost its mojo after a less-than-perfect quarter, CNBC’s Jim Cramer knew he had to take another look at the software company’s business to vet the decline. Autodesk, which makes computer-aided design software for an array of industries from architecture to entertainment, posted a small earnings beat on Nov. 28. Cramer didn’t […]
Read moreThis profile is part of the inaugural Recode 100, a list of the people who mattered in tech, business and media in 2017. Read the full list here. Feb. 19, 2017, was Uber’s day of reckoning. The $69 billion ride-hailing company, which for years had operated as a freewheeling and rapacious startup with billions in […]
Read moreCurrency, United States Finance
An arm of al-Qaeda has reaped tens of millions to finance attacks in Africa — here’s how
An affiliate of al-Qaeda that has executed several attacks across Africa — and is considered the organization’s wealthiest branch — is still sitting on millions of dollars in ill-gotten gains that help fund its deadly activities across the region, according to a new report. According to the Foundation for Defense of Democracies’ Center on Sanctions […]
Read moreCNBC’s Jim Cramer knows that part of smart investing is learning from everyone. So when Carlyle Group co-CEO David Rubenstein said that the only thing he’s worried about for the next two years is some sort of unexpected geopolitical event, it got Cramer thinking. “The only thing we have to worry about, I think, in […]
Read moreOkta had a clean beat across the board for its third quarter earnings Wednesday, sending its stock up by as much as four percent in after hours trading. Here are the most important numbers: Revenue: $68.2 million vs. $62.8 million estimated, according to Thomson Reuters EPS: 19 cent loss vs. 24 cent loss estimated, according […]
Read moreMany of India’s top tech start-ups are establishing a lobbying group to push for governmental regulations to put an end to global companies’ continued success in the country. The group, called Indiatech, will begin its operations early next year. Chief among its agenda is to coax the government in New Delhi into passing regulations to […]
Read moreAmazon‘s Alexa voice technology is helping consumer brands sell more, according to a recent study, underscoring its potential as a major marketing platform. The study, run by Linc Global, shows that Echo owners increased their purchases of consumer products, like diapers, by 13.5% in the third quarter of 2017, up from the 7.5% jump seen […]
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MANY marijuana growers in northern California, America’s biggest source of the stuff, had expected this autumn’s harvest to be the largest ever. After all, recreational marijuana becomes legal in the state in January. Instead, wildfires in October—spreading so fast they killed 43 people—burned up half the marijuana growing in the area’s tri-county “Emerald Triangle” alone. […]
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