CNBC’s Jim Cramer didn’t want to be so quick as to write off Thursday’s rally to the House of Representatives passing its first iteration of tax reform. Instead, the “Mad Money” host argued that much of the rally resulted from the performance of two stocks, Cisco and Wal-Mart, “which pleasantly surprised us with their numbers. […]
Read moreIndia should be able to return to its “normal” growth range by next year as the short-term fallout from a new goods and services tax plan and last November’s currency ban ebb, the country’s finance minister told CNBC. The Indian economy grew at its slowest pace in three years between April and June at 5.7 […]
Read moreA robotics company that Alphabet recently sold to SoftBank on Thursday posted a new video that shows one of its more widely known robots doing a backflip. While some other robots have been shown performing backflips in the past, Boston Dynamics’ two-legged Atlas robot has never been seen doing one. To emphasize the achievement, Boston […]
Read moreComcast has approached 21st Century Fox and expressed interest in an acquisition of some of Fox’s assets, sources said Thursday. Talks are ongoing, a source said. Comcast is interested in the same set of assets that Disney approached Fox about earlier this year, sources said. Also of interest to Comcast is acquiring the international assets […]
Read moreMedia start-up BuzzFeed is no longer on track to go public next year as its revenue for 2017 is on pace to fall far short of expectations, according to The Wall Street Journal. Revenue for the high-flying publisher is set to fall 15 percent to 20 percent short of the of the goal of around […]
Read moreSpire Global has been launching small satellites to keep watch over the Earth’s oceans and remote lands since 2014. The start-up now has $70 million in fresh capital to fuel its expansion, which includes opening a new office in Luxembourg, CNBC has learned. At least 100 times each day, Spire satellites take a reading of […]
Read moreSquare Cash users can now access their virtual funds at any ATM, the company announced Thursday. The mobile banking company first introduced its Cash Cards in May as prepaid cards — meaning any transaction pulls funds from the user’s Square Cash app, not from a bank account. Users could previously only use the cards in […]
Read moreFacebook hoping to court more video creators to its platform with the launch of a new app. The Facebook Creator App will make it easier for users to create original video and livestreams via their mobile devices. It will also give them new tools, including the ability to add intros or outros to live broadcasts, […]
Read moreTwo and a half months before MongoDB revealed plans to go public, its board members still faced “tremendous uncertainty” about going public, and weren’t sure if the company would go public this year or later, according to a newly posted regulatory filing. The disclosure came on Oct. 3, two weeks after the database software company’s […]
Read moreOnline personal shopping company Stitch Fix is likely to price its IPO below its targeted $18 to $20 range and roughly $1.8 billion valuation, the Wall Street Journal reported on Thursday. It is more likely to price the IPO at $15 to $16 a piece. Stitch Fix founder, Katrina Lake, will no longer sell $1 […]
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