A massive blaze was engulfing one of the world’s tallest residential buildings in Dubai early on Friday, residents said, but authorities said the tower had been evacuated and no injuries were reported. Flames shot up the sides of the Torch tower in the upscale Marina district in the second blaze at the building since 2015, […]
Read moreReflecting on his infamous 2007 rant where he accused Federal Reserve members of ignoring signs of potential financial collapse, Jim Cramer reluctantly offered some bad news. “I’m still seeing loans being made that they should intervene on right now, tomorrow, tomorrow morning, this time by reckless lenders in the subprime auto industry, offering paycation, nothing […]
Read moreYou may not have heard of Monkey, but there’s a good chance your teenager has. Monkey is a video-chat app for iPhone and iPad, and connects users around the world with like-minded individuals for 10-second video chats using their Snapchat usernames. If you make a connection, you could have a friend on social media, which […]
Read moreIt is not secret that Jim Cramer loves when companies engineer rational break-ups, and in the case of Wyndham Worldwide, his sentiments were no different. Wyndham Worldwide CEO Steve Holmes told the “Mad Money” host on Thursday that the split would, indeed, be “great for the business,” particularly because Wyndham’s hotel and timeshare components had […]
Read moreWhen President Donald Trump tweeted that “business is looking better than ever,” adding that “that just doesn’t happen,” Jim Cramer took the leader of the free world up on his claim. “Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn’t just happen!” Trump wrote. […]
Read moreThe White House asked Apple, Google and other tech giants to help give the government a tech upgrade
The White House has asked the likes of Apple, Amazon, Oracle and Qualcomm to lend some of their digital expertise to Washington, D.C. in the coming months to help the Trump administration rethink the way that federal agencies use technology. On a private call with those and other major tech companies Thursday, top advisers to […]
Read moreCheck out which companies are making headlines after the bell on Thursday: Shares of Viacom fell more than 6 percent after initially jumping nearly 4 percent during after-hours trading. The company reported earnings of $1.17 per share on revenue of $3.36 billion, topping expectations for $1.05 per share on revenue of $3.29 billion, according to […]
Read moreThe pressure is on for Tesla’s Model 3. If Tesla’s latest model fails to produce margins, the popular automaker could potentially be spending more than $1 billion a quarter, said an analyst. “[Tesla has] a billion dollars of capital spending per quarter. So they could be burning through more than a billion dollars per quarter […]
Read moreKleiner Perkins, one of Silicon Valley’s old-guard venture capital firms, is moving fast to plug holes in its investment team. The firm, which was founded in 1972, just nabbed Mamoon Hamid as a general partner. Hamid co-founded Social Capital, and led investments there in Slack, OneLogin and other enterprise tech deals. Hamid confirmed the move […]
Read moreGoPro reported quarterly results and revenue that beat analysts’ expectations on Thursday. Here’s how the company did compared to what Wall Street expected: Loss per share: 9 cents vs. 25 cents expected, according to Thomson Reuters Revenue: $296.5 million vs. $269.6 million expected, according to Thomson Reuters In the year ago quarter, GoPro reported adjusted […]
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