The eruption of the Kilauea volcano on Hawaii’s Big Island will certainly hurt the island’s economy – but it doesn’t necessarily have to, one local business owner told CNBC on Wednesday. The Hawaii Volcanoes National Park, a popular tourist destination, has been shut down since the volcano began spewing lava and toxic gases earlier this […]
Read moreThinx CEO Maria Molland Selby wants to change the way women think about feminine hygiene products. The company, ranked No. 37 on CNBC’s sixth annual Disruptor 50 list, makes a line of panties that look like regular underwear but can replace or reinforce traditional period products. However, Thinx was plagued by controversy last year when […]
Read moreRide-hailing company Uber claims strong revenue growth and reduced losses in the first quarter, while also announcing a tender offer from new and existing investors that would value it at $62 billion. Uber told CNBC it had net revenue of $2.5 billion, up 67 percent year-over-year, on gross sales of $11.3 billion, an increase of […]
Read moreAre you sitting on a forgotten-gadget goldmine? Dusty video game systems, old TVs and record players, and abandoned iPods often seem like trash. Except they aren’t. “Vintage electronics are hot sellers,” says Jordan Barnes, senior director for resale app Mercari. “There’s an increasingly hot secondary market for old-school electronics.” For instance, over the past 90 […]
Read moreElon Musk is not happy with Tesla’s recent media coverage, to put it mildly. The Tesla CEO said on Twitter on Wednesday that the public no longer respects “big media companies” because they “claim to the truth, but publish only enough to sugarcoat the lie.” Musk He also said President Donald Trump was elected because […]
Read moreSomebody has a lot of explaining to do. Yes, officials in Lake Worth, Fla., a city next to Palm Beach, are trying to find out who sent out a cellphone alert warning of a zombie attack. Lake Worth spokesman Ben Kerr told the Palm Beach Post that an independent investigation is underway to determine who […]
Read moreUBS shared with its clients the firm’s best current stock picks. In addition to screening for factors like the potential for gains over the price targets, sector weightings and liquidity, the list focuses on “stocks where we believe our analysts have a truly differentiated view versus consensus,” the firm’s research group said in a report […]
Read moreDraftKings is setting its sights on its future now that the Supreme Court is allowing states to legalize sports betting, CEO Jason Robins told CNBC on Wednesday. That could mean an initial public offering, but he’s not ruling out a possible merger. “My preference has always been to IPO, but we’re open to different outcomes,” […]
Read moreFrench President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society. The French leader paints himself as a champion of France‘s plugged-in youth and wants to transform France into […]
Read moreIn Aldie, Virginia, about an hour’s drive from downtown Washington, D.C., the biggest name in retail and the biggest name in homebuilding are test driving a collaboration that could benefit both in a very smart way. Amazon is opening “experience showrooms” in Lennar smart homes. A show-and-sell strategy for the home, the smart home products […]
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