Walt Disney’s widely anticipated deal to buy Twenty-First Century Fox’s entertainment assets reminded CNBC’s Jim Cramer of his experience founding TheStreet.com. “Scale. Gotta have scale. I remember when I first heard that term, “scale.” It was when I started TheStreet.com 22 years ago. I would meet with bankers, of course begging for money, and they’d […]
Read moreCompanies that enforce employee-centric and customer-centric cultures are likely to see better financial gains than their competitors, Just Capital’s Dan Hesse told CNBC on Wednesday. “What we’ve seen from a financial performance point of view is that you have about a 33 percent higher return on equity of these companies that do good things,” Hesse, […]
Read moreU.S. stocks were mostly higher ahead of Asia’s Thursday trading day after the Federal Reserve raised interest rates for the third time this year. The Fed raised interest rates by a quarter point on Wednesday, in a move that was widely expected by markets. That increased the central bank’s target range to between 1.25 percent […]
Read moreAfter the Federal Reserve raised interest rates on Wednesday, CNBC’s Jim Cramer wanted investors to get a feel for the state of the U.S. economy. “Higher rates can kill the bull if they make bonds competitive with the return you get from stocks. We aren’t there yet,” the “Mad Money” host said. “A quarter-point rate […]
Read moreA penthouse condo in Miami is for sale and the seller will only accept bitcoin. It’s the first property that’s listed for sale where the seller only wants cryptocurrency, according to online real-estate broker Redfin, which spotted the listing on its site. “It’s the only one we could find where the seller was only accepting […]
Read moreThe Federal Communications Commission is set to vote Thursday on whether to repeal the 2015 Obama-era regulations protecting net neutrality, laws which ensure an open and free internet. A group of 21 pioneers of the internet including Vinton G. Cerf, often dubbed the “father of the internet” for his early work developing the technology, and […]
Read moreMicrosoft CEO Satya Nadella on Wednesday said he wished that the company had gotten into the public cloud business earlier. Nadella, who ran Microsoft’s cloud and enterprise business before becoming its CEO in 2014, made the admission to Marty Chavez, executive vice president and chief financial officer of Goldman Sachs, during a conversation streamed live […]
Read moreThe elevator is going omnidirectional. German company thyssenKrupp, has developed a ropeless elevator system calledMULTI. Each cabin can move horizontally as well as vertically. The technology used to move the elevators through the shafts is the same magnetic mechanism used by Japan’s maglev train. MULTI could be critical in the construction of higher buildings. The […]
Read moreApple is pushing U.S. investment with a big investment fund and a newly announced partnership with Finisar that keeps the chip maker’s expansion domestic. “We had to expand our capacity, and the question is where were we going to do it, were we going to do it overseas, in the U.S., subcontracted or whatever? And […]
Read moreThe Federal Reserve came through on a widely expected interest rate hike Wednesday following its two-day policy meeting and sharply raised its economic growth forecast for 2018. In their decision, the central bank policymakers mostly followed the script, though they did indicate that one less hike is on the way for 2019. Two Fed presidents […]
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