Facebook and many of its apps have been blocked in China for years. To change that, Mark Zuckerberg has made a big point of meeting with Chinese politicians, reading stodgy Communist Party propaganda, studying Mandarin and — perhaps more daunting — speaking it in public. Now the social network is trying a different way into […]
Read moreTesla launched its first high-yield junk bond offering Friday at $1.8 billion, $300 million more than expected and at a yield of 5.25 percent, according to Informa Global Markets. The greater-than-expected amount indicated high demand. Pricing was expected later in the afternoon. Earlier in the week, Elon Musk’s luxury electric car maker was expected to […]
Read moreGabriel Puliatti is an up-and-coming company CEO who, at some point in his career, will need to raise money from investors. Don’t count on Benchmark Capital being one of them. After Benchmark filed an unprecedented lawsuit against Uber’s former CEO on Thursday, Puliatti now says there is “no way” that he will accept an investment […]
Read moreThis was not the week off that Silicon Valley had planned. Google CEO Sundar Pichai now leads a workforce divided by the issue of diversity, according to an email he sent to employees cancelling an all-hands meeting on the topic. “The vast majority of you are very supportive of our decision. A smaller percentage of […]
Read moreBarclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000. In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone. Most folks only want to spend $582, or $48.50 per month on a […]
Read moreAt least this week, bitcoin earned some points towards being a safe haven trade. The digital currency jumped more than 20 percent to a record high this week, while global stocks fell amid escalating tensions around the North Korea nuclear threat. Prices of the traditional safety asset, gold, rose just 2 percent to a two-month […]
Read moreFacebook‘s mini-network initiative is part of the company’s aggressive push into video. The Watch video platform, announced Wednesday, is Facebook’s new home for episodic shows and live events. Publishers include Group Nine Media, Hearst, Condé Nast, Refinery 29 and NASA, with more companies to be announced. CNBC spoke to several media companies who have signed […]
Read moreIn an effort to make the batteries that power wearables and medical devices safer, scientists have developed new flexible batteries that can run on saltwater — and maybe one day blood, sweat, or tears. The lightweight batteries, described in a paper published this week in the journal Chem, can withstand being folded in half a […]
Read moreAs shopping continues to shift away from brick-and-mortar-stores to e-commerce, Nordstrom is investing in technology to connects its physical stores to digital. Specifically, Blake Nordstrom, the company’s co-president, announced plans to expand a “Reserve Online and Try in Stores” option from a handful of stores in Seattle to Chicago, immediately, and then to Nordstrom stores […]
Read moreTechnology shares were the first area to show cracks in the market sell-off, and remain the most vulnerable, the charts indicate. The Nasdaq 100 index, which is the basis of the popular Powershares QQQ Trust ETF, is the major index most susceptible to a correction, according to Jason Hunter, head of fixed income and equities […]
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