Just say no — to bro culture. That’s the rallying cry behind an emerging type of co-working space, created by women and for women, and expanding to industrial-chic streets across the country. From cozy community start-ups like The Coven in Minneapolis, to a business with much larger ambitions, like The Wing — which has locations […]
Read moreSHANGHAI — President Trump has said that he will help save ZTE, a Chinese electronics maker. The company was on the brink of collapse after United States officials punished it last month for breaking American sanctions against countries including Iran and North Korea. Here’s a look at how a Chinese electronics maker with an awkward […]
Read moreTaiwan’s Foxconn, the world’s largest contract electronics maker and supplier to Apple, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker. Net profit for the first three months of 2018 for the company known formally as Hon Hai Precision Industry reached $24.08 […]
Read moreShares of NXP Semiconductors jumped 10.3 percent in the premarket Monday on a report that Chinese regulators will restart a review of Qualcomm’s takeover bid for the company. Bloomberg News reported, citing people familiar with the matter, the Chinese Ministry of Commerce has been asked to hasten the deal’s review as well as Qualcomm’s plans […]
Read moreFor the first time, Lyft is disclosing internal market-share numbers, and they show its momentum isn’t letting up after it capitalized on Uber’s disastrous 2017. Lyft says it has 35 percent of the national ride-sharing market, up from 20 percent 18 months ago. That would represent growth of 75 percent. Lyft credits more activations of […]
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Facebook has ricocheted back to prescandal levels and is now within reach of record highs again. The charts tell a different story, says Craig Johnson, chief market technician at Piper Jaffray. “I see a lot of technical damage that has been done in this stock,” Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s […]
Read moreBuy and hold billionaire Ron Baron is defending his investment in Tesla, saying he doesn’t care that he hasn’t made much money from the electric car maker yet. “I think we’re going to make 20 times our money because the opportunity is so enormous,” the 75-year-old founder of Baron Capital told CNBC’s “Squawk Box” on […]
Read moreFacebook has so far suspended around 200 apps in the first stage of its review into apps that had access to large quantities of user data, in a response to a scandal around political consultancy Cambridge Analytica. The apps were suspended pending a thorough investigation into whether they misused any data, said Ime Archibong, Facebook’s […]
Read moreXerox has scrapped a planned $6.1 billion deal with Fujifilm in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management. The victory for the billionaire investors puts the Japanese company further on the back foot in any new negotiations with Xerox, although […]
Read moreProminent emerging markets investor Mark Mobius said he would “definitely” be interested in putting money into North Korea if he could. South and North Korea is a “beautiful combination,” he told CNBC’s “Street Signs” on Monday. “The South has technology, it has the know-how, it has the manufacturing ability and the North has resources,” he […]
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