Another member of Congress is urging fellow lawmakers to take a closer look at Amazon and its $14 billion bid to buy Whole Foods. As the Trump administration prepares to review the merger, the top Democrat on the House’s leading competition committee is pushing for a hearing, arguing that Amazon’s newest gambit in the grocery […]
Read more“You sound cute, got a picture?” “Nicole, your [sic] beautiful, are you single?” “I love you, Jen.” Those may sound like messages from a dating app, but they’re actually real emails people have sent to customer service representatives at places like car dealerships, insurance companies and education firms. The problem: Those customer service reps aren’t […]
Read moreBillionaire Steve Ballmer said Friday that government data show it’s not clear whether tax policy will have an impact on business investment. Ballmer, founder of a nonpartisan database for government statistics, told CNBC’s “Squawk Box” that his USAFacts group looked at capital investment and research and development. “No matter what tax policy we’ve seen, it […]
Read morePolitics is a big topic at the annual Allen & Company conference in Sun Valley, with Jared Kushner and Ivanka Trump attending the event for the first. And President Donald Trump’s policies and the political process have been in the spotlight in both the conversations on stage and off. CBS CEO Les Moonves said in […]
Read moreFew, if any, literary philosophers have had as much influence on American business and politics as Ayn Rand, especially now that Donald J. Trump occupies the White House. President Trump named Rand his favorite writer and “The Fountainhead” his favorite novel. Secretary of State Rex W. Tillerson has cited “Atlas Shrugged” as a favorite work, […]
Read moreThe race to create A.I. and robotic technology that will change the way we work and live is dominating countless industries. But the chaos and disruption these ground-breaking fields are set to have on numerous areas of the economy, the job market, the banking system and the transportation industry have also incited fear. Alibaba Chairman […]
Read moreTwitter has been “on top of” product and monetization improvements, and the stock market is starting to take notice, Steve Ballmer told CNBC on Friday. “Twitter is a very good asset,” said Ballmer, a major investor in the social media company. “So improving the products some and improving and making the monetization better, I think […]
Read moreWal-Mart is “as well positioned as any mass market retailer — in an admittedly imperfect world for mass market retailers,” Goldman Sachs wrote in a Friday note to clients. The investment bank upgraded Wal-Mart to buy from neutral, also adding the stock to Goldman’s so-called Conviction List, with an $84 price target. Wal-Mart shares closed […]
Read moreVisa is hoping to extend its “war on cash” agenda to businesses in the U.K. after announcing new incentives for U.S. businesses to go cashless. The payment technology company revealed on Wednesday that it was launching a “cashless challenge” which would see 50 U.S. businesses receive $10,000 each to help them convert to a cashless […]
Read moreFormer Microsoft CEO Steve Ballmer said Friday he can see why investors could be worried the stock market is in a bubble. “Are we in a market bubble or not? I don’t know. I’m silent on it. Where multiples are, etc., you could be a little worried,” Ballmer said on CNBC’s “Squawk Box.” “I killed […]
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