Berkshire Hathaway’s festival-like annual shareholder meeting in Omaha, Nebraska, told CNBC’s Jim Cramer a lot more than just how beloved the Warren Buffett-run company is. “For us, there’ll be talk of stocks galore, especially Buffett’s portfolio,” the “Mad Money” host said on Friday as the 40,000-person event kicked off. “You can bet he’ll be asked […]
Read moreThe cryptocurrency market is on the fritz with correction threats looming, but that might not be so bad for cybersecurity leaders like Kevin Mandia, the CEO of FireEye. “From a cybersecurity standpoint, an anonymous currency has not been a great thing,” Mandia told CNBC in a Friday interview with “Mad Money” host Jim Cramer. “It […]
Read moreAxon Enterprise may be the smallest competitor in its space — developing evidence-capture technology for law enforcement — but based on its deal flow, it might be the most refined. The company recently won contracts with the New York Police Department, the Miami-Dade Police Department and the Phoenix Police Department via its acquisition of privately […]
Read moreInequalities in unemployment levels are long-term and systemic, Marc Morial, president and CEO of the National Urban League, told CNBC. “There’s still implicit and explicit bias in the labor market,” Morial said on “Power Lunch” Friday. Earlier that day, the U.S. Bureau of Labor Statistics released the April jobs report, showing an unemployment rate of […]
Read moreCalifornia‘s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK’s economic output slightly shrunk over that time when measured in U.S. […]
Read moreBillionaire Warren Buffett‘s big bet on Apple is a telling sign for investors, closely followed trader Art Cashin told CNBC. That’s because the legendary investor stayed away from tech companies for a long time, saying he doesn’t buy anything he can’t understand, Cashin said. “For him to double down on Apple, that’s more of an […]
Read moreYou know the famous scene in “Dead Poets Society” where the students stand up one by one on their desk and say “O Captain, my Captain!” in salute of Robin Williams, while the headmaster struggles to maintain order? That’s a lot like what’s going on with the U.S. media and telecommunications industry right now. One […]
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May 4th 2018| BUENOS AIRES THE message to markets could not have been clearer. On the morning of May 4th, following a run on the peso, Argentina’s central bank raised interest rates by 6.75 percentage points, its third hike in a week. The interest rate now stands at 40%, up from 27.25% on April 27th. […]
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A cryptocurrency project backed by billionaire Stanley Druckenmiller and Federal Reserve chair runner-up Kevin Warsh is looking to rid the market of one massive problem: volatility. Bitcoin has a fixed supply, so, when demand for it rises, bitcoin’s price goes up, and the opposite is true when demand drops. The cryptocurrency project, called Basis, aims […]
Read moreThe surging popularity of Epic Games’ “Fortnite” is not significantly hurting Activision Blizzard’s gaming business. The game publisher reported better than expected first-quarter earnings on Thursday and slightly raised its financial guidance for fiscal 2018. Its stock rose 4.6 percent Friday. Epic Games introduced the free-to-play “battle royale” mode for “Fortnite” on computers and gaming […]
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