Jim Chanos, who predicted the fall of Enron, has serious doubts about the legitimacy of bitcoin. “This is simply a security speculation game masquerading as a technological breakthrough in monetary policy,” Chanos in an interview with the Institute for New Economic Thinking published this week. Chanos, who teaches a course on the history of financial […]
Read moreWhether you use Siri, rely on Alexa or have a Roomba, there’s no escaping the fact that robots are part of our daily lives now. It’s not a bad thing that we can automate some of life’s most mundane, tedious tasks. Did you know that you could also get robots to help you with your […]
Read moreRipple will have “dozens” of banks using its blockchain product that requires a digital currency known as XRP to work, the start-up’s CEO told CNBC on Tuesday. The company is developing a solution that allows cross-border money transactions between banks in a faster and cheaper way than the current system allows. It’s based on a […]
Read moreBumper revenues via its App Store have placed Apple among the largest gaming firms globally — despite the fact it does not make its own games, an analyst told CNBC. “I think what’s often lost is we’ve got hundreds of thousands of apps in the (Apple) App Store, but 82 percent of revenues is in […]
Read morePayPal-competitor Adyen is barreling toward an IPO that could value the fintech firm at $8.3 billion
The listing of Adyen, the Dutch firm whose payments processing technology is used by Facebook and Netflix, got off to a strong start on Tuesday when investor demand for its shares covered those on offer within an hour. Existing shareholders in Adyen, whose customers also include Uber and eBay, are selling a stake of up […]
Read moreOutgoing Starbucks Executive Chairman Howard Schultz told CNBC on Tuesday he doesn’t think the stock market will “continue to grow at the rate it has between now and 2020.” Schultz, who acknowledged he’s not an economist, also took aim at Donald Trump for using the stock market as an indicator of success in his presidency. […]
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Stock-market bulls have plenty to be proud of after two months of hard-won progress, but they still have a bit more to prove. The S&P 500 benchmark is up more than 6 percent since early April, chopping sideways and grinding higher through a well-hyped series of ills that threatened to compromise the health of the […]
Read moreOppenheimer Asset Management’s John Stoltzfus believes too many investors are watching the technology and small-cap rallies like a “Vegas lounge act.” In an interview on CNBC’s “Trading Nation,” the firm’s chief investment strategist suggested it’s a big mistake to view those groups as a sideshow to the struggling broader market. Rather, he suggests, it’s the […]
Read moreBritain’s transport minister said on Tuesday that senior government ministers have backed the expansion of Heathrow Airport, paving the way for lawmakers to vote on the new runway within the next 21 days. “The scheme is crucial to our national interest,” minister Chris Grayling said in parliament. Source: cnbc europe UK ministers back Heathrow airport […]
Read moreCheck out which companies are making headlines before the bell: Starbucks — Shares of Starbucks fell more than 1 percent in the premarket after the company announced Howard Schultz is stepping down as executive chairman, effective June 26. The move by Schultz has sparked speculation about a possible future in politics, having been a supporter […]
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