Volkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market. The world’s largest automaker by sales said on Monday it would roll out 80 new electric cars across its multi-brand group […]
Read moreApple‘s stock will likely see a significant drop after the company’s highly anticipated iPhone event Tuesday, Loup Ventures’ Gene Munster told CNBC on Monday. “We’re probably expecting more like … a 7 or 8 percent drop,” Munster said on “Halftime Report.” Munster didn’t specify a time frame for that fall, but last week hepredicted a […]
Read moreApple may be releasing a potentially $1,000 iPhone Tuesday, but CEO Tim Cook maintains not all of the company’s products are for the rich. “If you look across our product lines, you can buy an iPad today for under $300. You can buy an iPhone, depending upon which one you select, for in that same […]
Read moreBrad Garlinghouse is the CEO of Ripple — owner of XRP, the fourth-most-valuable cryptocurrency. That currency is now worth almost $9 billion after starting the year being valued around $250 million. I spoke to Brad last week about the explosion in popularity of cryptocurrencies this year, whether we are in another dot-com era, and what […]
Read moreDropbox has added high-profile Silicon Valley exec Meg Whitman to its board, according to a blog post by the cloud storage company. The CEO of Hewlett Packard Enterprise was most recently in the news as a possible candidate to run Uber — a job that ultimately went to former Expedia CEO Dara Khosrowshahi. Whitman had […]
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Expensive … but attractive? Investors shouldn’t necessarily shy away from the highest-valuation stocks in the S&P 500, experts advise. In fact, one of the five stocks sporting the highest forward price-earnings ratios looks downright attractive, according to S&P Global portfolio manager Erin Gibbs. “I like Amazon,” she said Monday on CNBC’s “Trading Nation.” “Even though […]
Read moreNissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts. Now Ms. Scott, 21, watches her […]
Read moreNetflix and Amazon are racing to expand their original video offerings, and most filmmakers, production houses and distributors say that it’s creating new opportunities — and bringing in more money — for their movies. While there are positives for both services, several independent film production houses and distributors told CNBC Netflix and Amazon have distinct […]
Read moreAmazon is gearing up to launch two new Fire TV devices, according to a report from AFTVNews on Monday. The report says Amazon will launch a new HDMI dongle that plugs into the back of the TV and provides access to Amazon’s library of content, similar to current devices including the Amazon Fire TV Stick. […]
Read moreFacebook has been fined 1.2 million euros ($1.4 million) for allegedly collecting personal information from users in Spain that could then be used for advertising, the national data protection watchdog said on Monday. The fine stemmed from an investigation into the social network company conducted alongside similar probes in Belgium, France, Germany and the Netherlands, […]
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