Analysts on Wall Street are predicting that Amazon could become the first trillion-dollar company, but in its early days, the e-commerce giant didn’t look like much. A tweet showing Amazon’s very first landing page has been making the rounds after the company marked its 22nd anniversary in July. For one venture capital expert who works […]
Read moreGoogle and Facebook are doubling down on products to promote content like news and entertainment articles — but that doesn’t mean publications should partake, according to one technology investor. “Google should be looked at — is being looked at — as the enemy of content companies,” Jason Calacanis said on Wednesday. “They’ve really screwed over […]
Read moreDespite their surging popularity, initial coin offerings for digital currency start-ups remain almost entirely unregulated, leaving many institutional investors on the sidelines waiting for more clarity. They’re unsure if the cryptocurrencies should be treated as securities, which would subject them to heavier regulations and scrutiny from the SEC. Often the companies have no product to […]
Read moreCNBC interviewed legendary entrepreneur Richard Branson following an earlier panel discussion at DS Virgin Racing’s Innovation Summit in Brooklyn, New York. The Summit was held in advance of the inaugural New York City ePrix event, a fully electric, single-seater auto race. Branson spoke about start-ups, sustainability and some of his signature shenanigans. CNBC: You’re very […]
Read moreApple on Wednesday introduced the Apple Machine Learning Journal, a website for highlighting its artificial intelligence research. In contrast to academic research papers — the conventional format for publishing research — the blog posts on the new site appear in Apple’s signature San Francisco system font with plenty of white space, and blocks of text […]
Read morePinnacle Foods jumped amid fresh speculation that Conagra or some other bidder is interested in an acquisition of the company. “We cannot comment on market speculation,” said a Pinnacle spokesperson. Pinnacle stock was up more than 3.4 percent at $61.20 per share. Conagra Brands was also higher, up 1.3 percent. Sources had told CNBC in […]
Read moreMicrosoft shares have rallied nearly 40 percent in the last year, and traders are betting that there’s more room to run ahead of its earnings report Thursday after the bell. The tech giant hit another all-time high on Wednesday, as Wall Street continues to see more growth opportunity in its cloud business. According to Mike […]
Read moreA U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee subcommittee overseeing consumer protection, said he […]
Read moreYou won’t find “PlayerUnknown’s Battlegrounds” on any of The NPD Group’s monthly video game sales charts. It’s not available at GameStop. And it, officially, won’t be finished until the end of the year. (In fact, it’s quite buggy and has fairly shoddy graphics.) But that hasn’t stopped the online action game from selling nearly 5 […]
Read moreMorgan Stanley’ research team highlighted several “high conviction” stock picks for investors ahead of the second quarter earnings season. The firm’s analysts highlighted 15 stocks in their note on Wednesday. “The team observes that recent revisions have been strong in Technology, Industrials, Health Care and Utilities, and weak in Energy, Discretionary and Materials,” the note […]
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