Indonesia’s massively popular ride-hailing start-up Go-Jek is expanding abroad. It will invest about $500 million to move into four new markets in Vietnam, Thailand, Singapore and the Philippines over the next several months, the company said in a Thursday announcement. Initially, Go-Jek will start with ride-hailing before introducing additional services. Go-Jek started off as a […]
Read moreNorth Korea’s vice foreign minister said the future of the summit between Pyongyang and Washington is “entirely” up to the United States and condemned a media interview by U.S. Vice President Mike Pence in which he compared the North to Libya. “We will neither beg the U.S. for dialogue nor take the trouble to persuade […]
Read moreAsian markets were set to decline on Thursday following slight gains seen stateside after the release of the Federal Reserve’s latest minutes. Markets in Japan looked set for further losses after a more than 270-point decline in the last session. Nikkei futures traded in Chicago were down 0.35 compared to the index’s previous close. Australian […]
Read moreApple had already curtailed its grand vision for disrupting the automotive industry by building its own self-driving car. Now the tech giant has narrowed its auto aspirations even further. For the past several years, Apple sought partnerships with the luxury carmakers BMW and Mercedes-Benz to develop an all-electric self-driving car, according to five people familiar […]
Read moreIn an emotional market where investors struggle to process the White House newsflow, CNBC’s Jim Cramer likes to fall back on the technicals to find actionable opportunities. “In the stock market, emotional decisions tend to be bad decisions,” the “Mad Money” host warned. “So we need to do everything we can to check our emotions […]
Read moreTop U.S. cryptocurrency exchange Coinbase announced it would acquire trading platform Paradex in the start-up’s latest attempt to stay ahead in an increasingly competitive crypto economy. The San Francisco-based company, which landed at the No. 10 spot on the 2018 CNBC Disruptor 50 list, is also overhauling its flagship trading platform GDAX designed for professional […]
Read moreImagine a world where your entry ticket to an event, or boarding pass for a flight, or your form of payment for a good or service, was invisible data transferred by way of sound waves. That world is already here, and it’s exactly what Rodney Williams is doing at the company he founded, LISNR, a […]
Read moreThe eruption of the Kilauea volcano on Hawaii’s Big Island will certainly hurt the island’s economy – but it doesn’t necessarily have to, one local business owner told CNBC on Wednesday. The Hawaii Volcanoes National Park, a popular tourist destination, has been shut down since the volcano began spewing lava and toxic gases earlier this […]
Read moreThinx CEO Maria Molland Selby wants to change the way women think about feminine hygiene products. The company, ranked No. 37 on CNBC’s sixth annual Disruptor 50 list, makes a line of panties that look like regular underwear but can replace or reinforce traditional period products. However, Thinx was plagued by controversy last year when […]
Read moreRide-hailing company Uber claims strong revenue growth and reduced losses in the first quarter, while also announcing a tender offer from new and existing investors that would value it at $62 billion. Uber told CNBC it had net revenue of $2.5 billion, up 67 percent year-over-year, on gross sales of $11.3 billion, an increase of […]
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