CNBC’s Jim Cramer remembers the days when kids bought the same brands as their parents, afraid that deviating would mean they were questioning their elders’ judgment. But now, consumer patterns are suggesting that the exact opposite idea has taken hold. “Customer loyalty? Hard thing to come by these days,” the “Mad Money” host said. “Now […]
Read moreBitcoin has almost doubled in value since November, when commodities king Dennis Gartman last disparaged the cryptocurrency. Bitcoin’s biggest bear still won’t bite, though. “Bitcoin on a volatile day moves 15 and 20 percent,” Gartman said on CNBC’s “Fast Money.” “How can you margin something that can move 15 to 20 percent on a regular […]
Read moreAnzu Partners has closed its debut tech fund at $128.4 million and plans to invest in anything but the next Facebook, CNBC has learned. The Washington, D.C.-baesd firm is instead looking to industrial opportunities, and hopes to land the next generation’s Foxconn, Dow Chemical or Cree Lighting. Anzu Partners’ Whitney Haring-Smith, who co-founded the firm […]
Read moreMicrosoft finance chief Amy Hood was complimentary of Google’s cloud computing unit on Tuesday, and had particularly flattering words for CEO Diane Greene. Speaking at the 2017 Wells Fargo Tech Summit in Utah, Hood said that Microsoft has been seeing Google’s rival cloud more frequently in a competitive setting. Microsoft’s Azure cloud service and Office […]
Read moreSo much for the iPhone X being the best phone ever. At least according to Consumer Reports. The influential publication just released its full review of the $1,000 device, and concludes that Samsung’s latest smartphones, and even the cheaper iPhone 8 series, are better options for most people. “Taken as a complete package, this phone […]
Read moreAmazon and Google aren’t playing nice over the holidays. On Tuesday, Google said that it’s pulling YouTube from Amazon’s streaming devices, the FireTV and Echo Show. It’s the latest adversarial move in an increasingly thorny relationship between the two tech giants, which are going head-to-head in hardware, content, cloud services and even digital advertising. YouTube […]
Read moreAmazon appears to have cancelled a pharmaceutical wholesaler application in the state of Maine, analysts at RBC Capital Markets pointed out Tuesday, raising further questions about the tech giant’s plans to enter the pharmacy space. The Maine Board of Pharmacy website shows an application from Amazon.com was cancelled on Dec. 1, RBC analysts George Hill, […]
Read moreDisclosure: Affiliates controlled by Eric Jackson have long positions in DIS and NFLX. David Faber reported this morning on CNBC that 21st Century Fox is getting close to a deal with Disney to sell a prime set of assets worth $60 billion. A deal could be announced as early as next week, according to Faber. […]
Read moreTesla and SpaceX could grow closer in the future and possibly even combine, says one analyst. Tighter collaboration between Elon Musk‘s two largest companies could help Tesla fend off competition and access capital while allowing both companies to share resources and information and collaborate on new businesses, said Morgan Stanley analyst Adam Jonas in a […]
Read moreBitcoin‘s run is very similar to that of silver’s nearly 40 years ago, renowned trader Mark Fisher told CNBC on Tuesday. “The reason people are so attracted to bitcoin is because people want something that’s actually moved dramatically, that there’s no Wall Street to it,” said Fisher, founder and CEO of MBF Clearing. “The thing […]
Read more