Martha Stewart says she’s now a friend to Jack Ma and applauds how the CEO has been able to grow Alibaba. “I’m a great admirer of what [Ma’s] accomplished in encouraging sellers to find buyers through Alibaba,” the domestic maven said Wednesday on CNBC’s “Squawk on the Street,” from the sidelines of Alibaba’s Gateway ’17 […]
Read moreIt’s “too soon” to be scared for Wal-Mart based on news that Amazon plans to acquire grocer Whole Foods, Moody’s retail analyst Charles O’Shea said. In fact, Whole Foods wouldn’t give e-commerce giant Amazon “any discernible edge,” as Wal-Mart should remain the world’s biggest retailer and biggest grocer, O’Shea wrote in a Wednesday note to […]
Read moreThis week, Travis Kalanick — the legendary take-no-prisoners CEO whose Silicon Valley home is known as a hotbed of entrepreneurial ideas— stepped down from the company. Susan Fowler, an Uber engineer who now works at Stripe, blew Uber wide open with her blog post, “Reflecting on one very, very strange year at Uber.” But Susan […]
Read moreInvestors should buy PayPal shares as the company will report earnings above Wall Street expectations next year, according to Pacific Crest, which raised its rating on the online payments giant to overweight from sector weight. “PayPal is moving beyond the ‘investment’ phase of Consumer Choice [credit card or bank account funding] and Venmo to the […]
Read moreSprint subsidiary Virgin Mobile announced on Wednesday that it will sell only iPhones. Customers interested in using the service, which operates on Sprint’s network, can buy an iPhone at full price directly from Virgin Mobile or Apple. Virgin Mobile is celebrating the partnership by offering a full year of data, text and voice for just […]
Read moreAs one of the few women in a top job at a major U.S. tech company, IBM CEO Ginni Rometty did not have an easy time getting there. In a wide-ranging interview with “Mad Money” host Jim Cramer, Rometty opens up about her difficult childhood. “When I was young, my father left. And he left […]
Read moreBiotech stocks are on a tear, on pace for their best weekly performance of 2017, as word from Washington indicates President Donald Trump’s expected action on drug prices may not be as onerous as investors feared. But hold on. Trump hasn’t yet publicly acted on drug prices — sources told CNBC this week the administration […]
Read moreSnapchat launched a new feature called Snap Map on Wednesday. Snap Map lets you see where your friends are Snapchatting from. It’s easy to access and available on the iPhone version of Snapchat now. Here’s a quick look at how it works and what you can do with it. I can see why this might […]
Read moreBiotech stocks have been on a tear this week. The SPDR S&P Biotech (XBI) exchange-traded fund climbed more than 3 percent on Wednesday, putting it on track to post its best weekly performance since March 13. The biotech ETF has already outperformed the broader market year to date, rising 30 percent in the period. The […]
Read moreArtificial intelligence could set off a third world war, but humans will win the battle, according to Alibaba founder Jack Ma. “The first technology revolution caused World War I,” Ma told CNBC in an interview that aired on Tuesday. “The second technology revolution caused World War II. This is the third technology revolution.” Workers and […]
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