Jeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing. “It’s a bubble,” Robinson said on “Squawk Alley.” “It’s a loaded roulette wheel. You’re better off in Vegas. The food is better.” In his 2014 book “BitCon,” he called bitcoin “pretend currency,” and […]
Read moreThe U.S. stock market will likely run higher for another 11 years, according to Tom Lee, a widely followed Wall Street market strategist. “Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” said Lee, head […]
Read moreInvestors tend to disregard the threat of government shutdowns, but there’s one reason this time around that they might want to pay attention. True, a shutdown likely would have little effect on corporate earnings and long-term economic growth or the things that should matter most to investors with a horizon that goes beyond that of […]
Read moreValueAct Capital, the $15 billion activist firm led by Jeff Ubben, is launching a fund focused on promoting environmental and social goals for the companies it invests in. In a letter to ValueAct’s limited partners, Ubben outlines a new effort for his firm built on the premise “that there is not just a societal good […]
Read moreBoeing shares have been on fire. Even after falling on Friday and the previous session, the stock is the best-performing Dow component this year, up 14 percent year to date and on pace for its fifth straight positive month. Its rise over the last year has soared into triple-digit gains. This meteoric price action is […]
Read moreIf you don’t know how to code, fret not, you can still have a successful career in a tech-powered job. So says the CEO of Google, Sundar Pichai. While education and workplace training for an automated future has focused largely on coding, there will be many jobs that depend on softer tech skills, Pichai says […]
Read moreNetflix has been on a tear this year, and traders are expecting a big move when the company reports quarterly earnings Monday after the market close. The options market is implying about a 7.5 percent move in either direction for the streaming giant, which is more than the average 5.5 percent move over the past […]
Read moreNetflix’s growth in international markets and its large investment in content will boost its shares, according to one Wall Street firm. KeyBanc Capital Markets reiterated its overweight rating for Netflix shares, predicting strong subscriber numbers for the company this year. “We see Netflix as the global leader in subscription video in the internet era and […]
Read moreExpect “America First,” a broadside against unfair trade practices, tough talk toward enemies and a fair bit of bragging when U.S. President Donald Trump speaks at the World Economic Forum (WEF) next week, according to a range of policy commentators. CNBC spoke to experts from the fields of defense, foreign policy, economics and politics to […]
Read moreWe decided to replace the battery in an iPhone 6 and document exactly how it went. Quick backstory: Apple announced in early January that owners of the iPhone 6, iPhone 6s, iPhone 6s Plus and iPhone 7 could replace the batteries in their phones for just $29. Apple began replacing the batteries after backlash from […]
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