SoFi CEO Anthony Noto says the “modern finance” company wants members to be able to invest in cryptocurrency as soon as 2019. “We want to accelerate our investment in some new products, one of which is our wealth products, and we want to add cryptocurrency to that,” Noto said on CNBC’s “Power Lunch.” SoFi, short […]
Read moreThe hot trade in aerospace and defense – including that of industry leader Raytheon – is coming to an end, according to Credit Suisse, which downgraded both the sector and the company to neutral on Tuesday. “After six consecutive years of relative outperformance, defense hardware stocks have reached valuation multiples not seen since 2001. But […]
Read moreInstagram is introducing new features to help people manage what they see and how much time they spend on the app. The moves to allow people to have more control could be a reflection of parent company Facebook‘s tweaks to protect users’ “well-being” on its platform. Facebook admitted in December that using its productscould have […]
Read morePresident Donald Trump said Tuesday that there’s a substantial chance that his summit with North Korean leader Kim Jong Un “may not work out” for June. Trump made the remark while he met with Moon Jae-in, South Korea’s president, for pivotal discussions ahead of the American president’s planned meeting with the North Korean dictator. The […]
Read moreFacing charges of yielding to Chinese demands, President Donald Trump said Tuesday that his administration has not yet reached a deal with Beijing to save telecom company ZTE. The president contradicted a Wall Street Journal report indicating the Trump administration came to a tentative agreement with Beijing to revive the company currently sanctioned by the […]
Read moreLeon Cooperman, chairman and CEO of Omega Advisors, shared his market views Tuesday on CNBC’s “Halftime Report.” “A lot of these FANG stocks with the exception of Amazon support very very reasonable valuations relative to their growth rates,” he said. “The biggest concern I have frankly is government intervention. The government looking at their success […]
Read moreChina’s move to lower tariffs on imported autos and vehicle parts is a step in the right direction, but it’s a tiny one. The news China would lower tariffs on some imported vehicles by 10 percent drove shares of U.S. automakers Ford, GM and Tesla higher in Tuesday morning trading. The decision is encouraging for […]
Read moreMark Zuckerberg is meeting with European Union leaders Tuesday in his third appearance before regulators to address Facebook‘s Cambridge Analytica scandal. The social media founder and CEO spent 10 grueling hours before the U.S. Congress last month. He’s likely to face harsher questioning from European leaders, who have historically been tougher on Silicon Valley and […]
Read moreMark Zuckerberg is meeting with European Union leaders Tuesday in his third appearance before regulators to address Facebook‘s Cambridge Analytica scandal. He’s likely to face harsh questioning about widespread abuse on the platform and foreign meddling in world elections. The meeting will be lived streamed on CNBC starting at 12:15 p.m. ET. Here’s some of […]
Read moreIf you’re a recent college graduate or headed into your senior year of school and wondering where your generation is looking for work, here’s a tip: try IBM, JP Morgan Chase, Amazon, Tesla and Deloitte. Those firms receive more entry-level job applications from college students than any other companies. That’s according to a new annual […]
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