Even though President Donald Trump loudly withdrew the U.S. from the Paris climate agreement, one of his advisors said the break may not be permanent. “I do believe we will find a way back to [the Paris Agreement],” said Andrew Liveris, Dow Chemical CEO & chairman, addressing a small crowd at the New Lab in […]
Read moreT-Mobile posted quarterly earnings on Wednesday that far exceeded Wall Street’s wildest expectations. Customers flocked to T-Mobile during the quarter, according to the company’s financial results, which showed record low churn of postpaid phone service for the telecom company. The mobile carrier’s net adds, a key measure of the number of customers added during the […]
Read moreElon Musk says his plan to dig tunnels under Los Angeles is a “low stress activity” because “everyone expects it to fail.” Musk was at the International Space Station (ISS) Research & Development Conference in Washington, D.C., on Wednesday, where he also said the knowledge they gain from tunneling under Los Angeles might be useful […]
Read moreThe key to opening up low-Earth orbit, and space travel in general, is building rockets and spacecraft that are almost entirely reusable, said Elon Musk. Spacecraft have to become as much like any terrestrial or sea-faring vehicle as possible — meaning they can be reused again and again —Musk said, speaking at the International Space […]
Read moreBefore computers completely take over the hedge-fund industry, they need to overcome one tiny obstacle: investment returns. In the first half of the year, computer-generated strategies, or what they call in the business, systematic strategies, returned 3.17 percent, according to data by Preqin. That compares with the more-traditional discretionary strategy, which returned almost double that, […]
Read moreThere’s been talk about Facebook CEO Mark Zuckerberg making a presidential run in 2020. Zuckerberg has nixed those rumors. But if it were true? What if Mark Zuckerberg and Donald Trump were to face off in the next election? As of now, it would be a dead race, according to a new poll: 40 percent […]
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Fund managers see Nasdaq stocks as the most crowded trade in the world, and as a result, they trimmed technology positioning in June and reduced allocations to U.S. stocks to the lowest since 2008. For three months, Nasdaq has been dubbed the most crowded trade by global fund managers in the monthly Bank of America […]
Read moreDaymond John knows a thing or two about starting a business. While waiting tables at Red Lobster, he founded streetwear brand FUBU on the side, building it into a company worth $6 billion. Now a judge on ABC’s “Shark Tank,” John identifies up-and-coming ventures and helps new founders get their businesses off the ground. But […]
Read moreAfter selling DreamWorks animation to NBCUniversal for $3.8 billion, executive Jeffrey Katzenberg’s next move is to create a TV service for the mobile generation. The proposed New TV, which Katzenberg told CNBC will cost about $2 billion to launch, will feature original shows. Episodes will be no longer than 10 minutes in length, but retain […]
Read moreMore than 9 billion tons of plastic have been made since the 1950s, and the vast majority of it has been thrown in the trash, says a new study. The paper says it is the first attempt to measure the total amount of plastic produced since the beginning of mass plastic production in the middle […]
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