Ryan Graves announced he would step down from an operating role at Uber on Thursday. This profile originally ran in May. Travis Kalanick has become the face of Uber, the brash and super-successful entrepreneur that “holds no prisoners” and bleeds “Uber blood.” But central to Uber’s recent unraveling is a less familiar face — Ryan […]
Read moreLet’s all assume Google CEO Sundar Pichai has a really hard day ahead of him. That’s because at 4 pm PT, the tech giant will hold an all-hands meeting to discuss the firing of James Damore and the controversial internal memo he wrote about women and their biological weaknesses related to tech that got him […]
Read moreGoldman Sachs released a list of stocks to stay away from if market volatility continues to climb in a report by the head of global securities research Robert Boroujerdi. “The confluence of low volatility, a fluid reflation narrative and signs of complacency in rates & credit markets have created positioning and correlation extremes for equity […]
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A company’s best defense against an activist investor is its ability to improve the business to boost the stock price. And these companies are evaluated every three months with their quarterly earnings. So CNBC took a look at these report cards for the largest targets where activists announced stakes this year. And the results indicate […]
Read moreA number of high-level executives at large media companies have expressed frustration and anger with Disney CEO Bob Iger’s decision to create two direct-to-consumer offerings, according to conversations these executives have had with CNBC. The common refrain of these executives was that the cost of sports programming led by Disney’s ESPN has made the cable […]
Read moreWhile tensions with North Korea have taken a bite out of the stock market, defense stocks are benefiting. Shares of defense companies like Lockheed Martin, L3 Communications and Raytheon have surged to record highs in the wake of remarks President Donald Trump made Tuesday about meeting North Korea with “fire and fury” if the nation […]
Read moreOne of Uber’s original employees — and one of former CEO Travis Kalanick’s top boosters — is stepping down from his leadership role at Uber. Ryan Graves — one of the company’s first employees, the first full-time CEO, and one of its biggest shareholders — said he will transition out of his operating role and […]
Read moreDiane does not look like someone who would drug your venison chili. She sits on a San Francisco patio, her dewy blue eyes lucid, her blonde, subtly asymmetrical hair recently trimmed, her white jeans spotless. It is noon. I imagine she has enjoyed several fruitful meetings. Now, she will probably advise me on the meditation […]
Read moreClosely followed trader Art Cashin said Thursday that DoubleLine CEO Jeffrey Gundlach may have played a small role in moving Wall Street’s fear gauge higher this week. Billionaire bond guru Gundlach predicted Tuesday on CNBC that the S&P 500 will fall at least 3 percent by the end of the year, and when that happens, […]
Read moreHoward Marks, one of the most respected value investors out there, warned on Thursday about inflated financial markets and the growing risk of passive investing in the infamous technology ‘FANG’ stocks. “The willingness of people to say, ‘I love the FANGs, there is no price too high,'” is worrisome, he said Thursday on CNBC’s “Halftime […]
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