Homepage / 09 May 2018
Leaders of two Koreas hold surprise meeting as Trump revives hopes of summit with North Ireland set to end abortion ban as exit polls signal landslide vote Billionaire entrepreneur Richard Branson says he's 'neck and neck' with Bezos in the space race South Korea relieved about Trump-Kim summit revival efforts Top VC deals: Kroger buys Home Chef, PayPal buys iZettle and Rover raises $155 million Next time you buy a TV at Best Buy, you may be offered health care, too MVP robots won't take football players' jobs, but they may just save their legs The government could save $1 billion by combining its 12,062 data centers — but it's behind plan Elon Musk may actually be making a website to rate journalists for credibility and 'core truth' Bank of America outlines tips investors can use to beat the market Silicon Valley investors explain why they're scared of China YouTube Music is really good, but probably not enough to pull you away from Spotify Trump administration is telling Congress it has an agreement to save China's ZTE: New York Times No recession until late 2020, so keep buying stocks, Credit Suisse says Moody's warns of 'particularly large' wave of junk bond defaults ahead Cryptocurrency stunt to climb Mount Everest reportedly turns deadly Chinese police take down gang of inventive online reputation cleaners Italy's Conte struggles to form team; markets tumble Cramer: Foot Locker's stellar earnings show the 'mall is still not dead' yet Roku shares jump after short-seller reverses call, says he doesn't want to bet against cord-cutting Wyoming's plan to diversify its economy from fossil fuels … to blockchain Facebook, Google face complaints worth $8 billion over alleged breach of new EU data law Apple's self-driving partnership is the next phase of 'Apple as a service,' Gene Munster says Consumers expect smaller gains in income than a year ago, May sentiment survey finds Herbalife shares plunge after Carl Icahn said he is lowering his stake in the company South Africa's ailing state-owned firms set to invest billions in dramatic reform program Why you're suddenly getting lots of emails from sites you haven't visited in years 'Fortnite': This is how a free video game might make $3.5 billion White House official: Trump could take a harder line on trade with China now that the Kim Jong Un summit is off Stocks making the biggest moves premarket: FL, HIBB, BKE, GPS, DECK, ADSK, ROST, AZN & more Apple blocks Steam's plan to extend its video games to iPhones Foot Locker shares are jumping 15% after a blowout earnings report PayPal upgraded by Stifel because of its addition of new financial services Samsonite slides for a 2nd day after a short-seller attack, but some analysts are unfazed US Commerce Secretary Wilbur Ross to visit China for trade talks in early June A specialty retailer up 118% in one year could have more room to run after earnings Gold is back: The rise in geopolitical tensions boosts precious metal prices The 'Meghan Markle Effect' is boosting gold jewelry sales US media websites down in Europe after a huge data law shakeup Tencent's WeChat drops 'sugar daddy' dating website Autodesk forecasts second-quarter profit below estimates Turkey's leadership scrambles to regain investor confidence in its monetary policy Italy's Enel accuses Spain's Iberdrola of 'aggressive' tactics in Brazilian power struggle Sanctioned tycoon Deripaska resigns as director of his firm Rusal The battle for the biggest prize in soccer, worth $370 million, is taking place this weekend One of the biggest names in advertising thinks you're going to get paid for sharing your data European markets seen higher after Trump scraps US-North Korea summit US jury awards Apple $539 million in Samsung patent retrial How Europe’s new privacy law called GDPR is creating big business opportunities Trump can take some lessons from the failed summit with North Korea, says a former US ambassador A Trump-Kim meeting could still take place down the road China's box office recently beat the US, and is now on the cusp of a 'new growth cycle' Steve Cohen's Point72 is bullish on Asia — and they like these sectors The crackdown on cryptocurrencies is a good thing, say traders Read the full statement from South Korean President Moon Jae In here Asian stocks poised to slide after Trump cancels North Korea summit Cramer Remix: Don’t let this buying opportunity pass again Indigo Agriculture CEO wants to change economics for farmers with a 'revolution in agriculture' The phone company founded by Android creator Andy Rubin is reportedly for sale US bill would force tech companies to disclose foreign software probes Nutanix falls on a wider-than-expected quarterly loss Google employees are spending heavily to elect Democrats in California and to flip the House How to send your Twitter feed back 10 years and see early, silly tweets Facebook shows once again that it does not understand or value journalism Whip yourself into shape by using this Apple Watch feature to compete against friends and family Trump and Europe are entering a 'game of chicken' over Iran nuclear deal sanctions New Boeing 777 will have folding wings Facebook and Twitter announce stricter political ad guidelines ahead of midterms Here is the federal labor complaint the United Auto Workers just filed against Tesla Elon Musk has a history of wild ideas — some of them have worked out Netflix passes Disney and is now biggest pure media company in the world by market value Zuckerberg says Facebook has 'always shared' the values of Europe's new data law Best Buy’s big sell-off could soon be a buying opportunity, says market watcher Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal Ray Dalio said last year gold was good protection because of Trump and North Korea 'playing chicken' Classic dividend stocks are tanking, but think before you make the mistake of selling Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten North Korea summit cancellation part of 'downside risks' for the economy, Fed's Bostic says Spain economy minister says he's not concerned about Italian bond market contagion Art Cashin: Stock drop reflects mistaken assumption Trump would do everything to make North Korea summit work Uber ‘moving in the right direction’ and will hopefully keep London license, exec says Labour laws in 104 countries reserve some jobs for men only Dear oil helps some emerging economies and harms others Tailor shops are a thriving pocket of enterprise in Pyongyang Why it makes sense to invest in Treasury bonds Why even bears about the government-bond market can find merit in Treasuries Who will be the main loser from Europe’s new data-privacy law? What is an audit for? As Tesla’s share price falls, it becomes an inviting takeover target How kidnapping insurance keeps a lid on ransom inflation CEO says Crowdstrike's security platform could someday attract Amazon, Google Cisco CEO Chuck Robbins speaks at VivaTech 2018 amid heightened cybersecurity concerns South Korean stocks ETF tumbles after Trump cancels meeting with North Korea's Kim Jong Un Cramer: Trump's investigation into auto imports in the name of national security is a 'stretch' Existing home sales drop 2.5% in April Gold jumps after Trump cancels North Korea summit as global investors seek safety Uber's self-driving SUV saw pedestrian in fatal accident but didn't brake, officials say Trump cancels Singapore nuclear summit with North Korean leader Kim Jong Un JP Morgan: Charts show new market highs are coming soon, led by bank stocks GE doesn't plan to cut dividend again, sources say

If Thursday’s consumer inflation data comes in hotter than expected, it could trigger an important interest rate move, which is being watched across financial markets. Traders await the reaction in the benchmark 10-year Treasury yield to the 8:30 a.m. ET CPI data. The 10-year was hovering at 3 percent late Wednesday, just below a recent […]

Read more

Apple has envisioned its smartwatches as health devices since the product’s conception in 2012, according to a new interview with Apple’s top designer in Hodinkee Magazine. Jony Ive told Hodinkee, which covers the luxury watch industry, that health was “absolutely” an “early and significant focus” of the watch. The goal, he said, was “developing both […]

Read more

The U.S. Transportation Department’s 10 winning drone pilot projects aimed at spurring the use of unmanned aerial vehicles in a wide variety of fields do not include Amazon or China’s DJI, but do involve Alphabet, Qualcomm and Microsoft. Apple is also involved in the project through a partnership with the North Carolina Department of Transportation. […]

Read more

CNBC’s Jim Cramer was taken aback when shares of Disney and Walmart got slammed after the companies announced new investments. Shares of Disney closed down nearly 2 percent on Wednesday after the entertainment giant revealed that it was spending heavily to boost ESPN Plus’ online offerings. Walmart’s stock also lost more than 3 percent of […]

Read more

As energy stocks rose on Wednesday after President Donald Trump exited the Iran nuclear deal, CNBC’s Jim Cramer wanted to explain the simultaneous rally in the technology sector. The “Mad Money” host said it all started with a research note released by Morgan Stanley. The analysts wrote that near-term conditions for semiconductors and the cloud […]

Read more

British-based Vodafone has struck a deal to buy some European assets of U.S. cable company Liberty Global for $21.8 billion in a move Liberty Global’s CEO, Mike Fries, said will benefit both investors and mobile users. “It’s a total win for consumers,” Fries, who is also vice chairman of the company, told CNBC’s “Power Lunch” […]

Read more

Following a revenue beat on Wednesday, IAC CEO Joey Levin penned a letter assuring shareholders that the Match Group parent company was well-positioned to compete with Facebook in the dating space. The internet and media holding company reported revenue of $995 million, versus the $935 million analysts expected. (The company also reported GAAP diluted EPS […]

Read more

Amazon’s cloud business is now releasing numbers that show something important about its customer base: loyalty. Amazon disclosed in its latest quarterly report that it had $12.4 billion in backlog revenue for Amazon Web Services. The balance represents the total value of signed contracts that didn’t get reported as revenue because the agreements run for […]

Read more

Amazon Web Services CEO Andy Jassy said on Wednesday it’s “super dangerous” for Seattle to consider taxing large companies — and risk dampening job creation — to offset the effects of gentrification and homelessness. In particular, Jassy was critical of the proposed “head tax,” which would apply to 585 businesses with $20 million or more […]

Read more