President Donald Trump’s Chief Strategist Steve Bannon didn’t mince his words about the White House’s outlook on China in a new interview published Wednesday by the American Prospect. The president on Monday signed a memorandum that could lead to a trade investigation of alleged Chinese theft of intellectual property. That came as Trump presses for […]
Read moreSilicon Valley joined a swelling backlash against neo-Nazi groups in the United States on Wednesday as more technology companies removed white supremacists from their services in response to weekend violence in Charlottesville, Virginia. Social media networks Twitter and LinkedIn, music service Spotify and security firm CloudFlare were among the companies cutting off services to hate […]
Read moreA rally in the dollar was halted on political turbulence stateside while investors digested the Wednesday release of the Federal Reserve’s minutes ahead of the Asia market open on Thursday. President Donald Trump unexpectedly said on Wednesday he was disbanding two advisory councils comprising prominent business executives. The move came after several members of Trump’s […]
Read moreAfter President Donald Trump disbanded his strategic and manufacturing councils as top CEOs denounced his reaction to the fatal violence at a Charlottesville, Virginia, protest, Jim Cramer expected the stock market to collapse. But it didn’t. Instead, the S&P 500 Index, the Dow Jones Industrial average and the Nasdaq composite all traded upward and equities […]
Read moreAs major U.S. retailers continue earnings season with their quarterly reports, Jim Cramer spotted some that managed to fend off the storm cloud that is e-commerce giant Amazon. “Despite the endless onslaught from Amazon, not every retailer is rolling over here. We’re starting to see some chains that can actually compete, that can even win, […]
Read moreAlphabet has acquired AIMatter, a start-up with Android and iOS apps that transform selfies using artificial intelligence. Terms weren’t disclosed. AIMatter CEO Andrei Kulik and a Google spokesperson confirmed the deal to CNBC on Wednesday. The mobile apps will remain available, the Google spokesperson said. TechCrunch first reported the news. AIMatter’s Fabby apps might not […]
Read moreColor Genomics, a start-up that sells genetic tests to assess cancer and other health risks, just raised an additional $80 million from a slew of high-profile investors. That brings its total financing to $150 million, making it one of the most well-funded health-technology companies in Silicon Valley. These investors include General Catalyst; CRV’s George Zachary, […]
Read moreAn online group formed to discuss internal Facebook issues morphed into a pro-Trump forum that attracted hundreds of company workers before CEO Mark Zuckerberg shut it down, according to a report in Business Insider. The anonymous group, called Facebook Anon, gave Facebook employees the chance to candidly complain about the company’s policies and culture, the […]
Read moreAfter President Donald Trump disbanded his strategic and manufacturing councils as top CEOs denounced his reaction to the fatal violence at a Charlottesville, Virginia, protest, Jim Cramer expected the stock market to collapse. But it didn’t. Instead, the S&P 500 Index, the Dow Jones Industrial average and the Nasdaq composite all traded upward. Equities traded […]
Read moreThe Federal Reserve’s meeting minutes published Wednesday afternoon revealed the central bank is quite divided when it comes to future interest rate increases, and one portfolio manager laid out in a interview with CNBC’s “Trading Nation” how the Fed’s upcoming hikes may begin affecting markets. “What the Federal Reserve is going to do with their […]
Read more