Fresh off a recent victory at Buffalo Wild Wings, activist investor Mick McGuire is ramping up his campaign at Deckers Outdoor Corporation, the parent company of Ugg. McGuire is laying out an ultimatum for Deckers, saying that if the company’s strategic review process doesn’t lead to a sale, he’ll seek to replace the entire board. […]
Read moreWhen it’s 35 degrees in Tahoe with fresh powder accumulating by the hour, a 4-1/2-year-old boy should be overjoyed. My son Theo wasn’t. He was miserable. It was Presidents’ Day weekend. I was with my wife Anne, Theo and his younger brother Hugo in South Lake Tahoe, about 200 miles from our home in the […]
Read moreSalesforce‘s stock has a lot of runway ahead of it and could easily double within the next three years, tech fund manager Josh Spencer told CNBC on Tuesday. “This is the biggest position in my fund. It’s close to 15 percent of the fund right now, and I think it’s got a lot of upside […]
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Nvidia, the market’s best-performing stock, is going to launch graphics cards specifically designed for cryptocurrency mining through its partners. Product listings for Nvidia-based and AMD-based cryptocurrency mining cards recently appeared on the website of ASUS, a leading maker of graphics cards. “ASUS Mining P106 is designed for coin mining with high-efficiency components – delivering maximum […]
Read moreFacebook now has 2 billion monthly users, CEO Mark Zuckerberg said on Tuesday. The milestone comes as Zuckerberg has revealed a new mission for the social network over the past few months. The company, which in the past had focused on connecting the world, is now shifting slightly toward bringing the world closer, a sentiment […]
Read moreRates are jumping right now after global central bankers promised inflation is eventually coming. Bond yields jumped dramatically in Europe and are rising in the U.S. as central bankers have re-emphasized inflation. The moves started when European Central Bank head Mario Draghi said the European economy was “strengthening and broadening.” But it was this comment […]
Read moreGoogle shareholders won’t be phased by the EU’s $2.7 billion fine against the company for competition abuses related to its shopping business, Elevation Partners co-founder Roger McNamee told CNBC on Tuesday. “As a shareholder of Google you’re looking at this and saying: ‘We won again,'” McNamee said. The venture capitalist spoke hours after EU regulators […]
Read moreThe record fine European Union regulators just slapped on Alphabet’s Google unit — at least $2.7 billion if it withstands a possible appeal — is only the beginning of the financial effect that Google will suffer from EU investigations. To start, the company will also have to change how it displays comparison shopping ads for […]
Read moreTesla’s reported plan to develop a streaming music service is a good way to hedge against the possible decline of the auto business, says one analyst. Outfitting its cars with its own entertainment services could help the electric car maker earn money in a future where the auto industry becomes “a highly regulated and commodified […]
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Steel stocks rose Tuesday amid expectations of a favorable Trump administration announcement on trade policy. U.S. Steel briefly rose more than 2 percent, while AK Steel jumped 3 percent in midday trading. Steel Dynamics and Nucor each traded more than 1 percent higher. The Department of Commerce is expected this week to announce findings from […]
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