President Trump has repeatedly attacked Amazon and its CEO Jeff Bezos for dodging financial obligations, tweeting as recently as June that the company avoids “paying internet taxes.” While the president’s claims have remained vague, at least one state is now making a similar allegation — and providing some substance to back it up. In June, […]
Read moreA legal dispute between Alphabet and Uber has gotten personal, after text messages to and from Uber’s former CEO were unsealed in court filings. The text messages are between Uber’s then-CEO Travis Kalanick and Anthony Levandowski, a former engineer from Alphabet’s Waymo that later founded a start-up that was acquired by Uber. The two companies […]
Read moreIt’s a hard time to be an established venture capital firm. There are a ton of investors chasing a few great ideas, and the pressure is showing in a number of ways, according to a midyear report from Fenwick & West. A surge of newcomers. The report found that 2017 is on pace to see […]
Read moreGoDaddy CEO Blake Irving told CNBC on Tuesday that the domain name provider cut ties with The Daily Stormer because the neo-Nazi website crossed the line from exercising freedom of speech to provoking further mayhem in the immediate aftermath of the white supremacist chaos over the weekend in Charlottesville, Virginia. “We always have to ride […]
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Facebook updated its camera application on Tuesday with fun new features, including the ability to create GIFs and add filters to live broadcasts. They’re silly, but your kids might get a kick out of them. Unlike many of Facebook’s recent updates, this isn’t an obvious copy of any specific Snapchat feature. Instead, it’s a set […]
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Big hedge fund managers such as David Einhorn and Bill Ackman get much of the attention, but there are under-the-radar stars that are performing even better. Who are these top stock pickers and what stocks are they buying? CNBC used Symmetric.io, a hedge fund tracking firm, to find the best under-the-radar managers and which stocks […]
Read moreWarren Buffett’s Berkshire Hathaway invested more money in financial stocks. Berkshire Hathaway reported a 17.5 million share stake in Synchrony Financial in its June quarter 13F filing revealed Monday. The position is worth nearly $520 million using Monday’s closing stock price. Synchrony shares rose over 4 percent midday Tuesday after the news. Synchrony is the […]
Read moreAs the Moon blocks the Sun’s light completely next week in a total solar eclipse, more than 50 high-altitude balloons in over 20 locations across the US will soar up to 100,000 feet in the sky. On board will be Raspberry Pi cameras, weather sensors, and modems to stream live eclipse footage. They’ll also have […]
Read moreHedge fund honcho David Tepper is rejecting arguments that stocks are overvalued and believes there are still plenty of opportunities in the market. The head of Appaloosa Management, a long-time bull, said the latest leg up for the market has not changed his position. “Any comparisons to past overheated markets are ridiculous,” he told CNBC’s […]
Read moreClosely followed strategists Bob Doll and James Paulsen agreed Tuesday that sentiment surrounding the U.S. market remains skeptical. They spoke after U.S. stocks opened higher Tuesday as investors breathed a sigh of relief after it appeared tensions between the U.S. and North Korean would ease. In an appearance on CNBC’s “Squawk on the Street,” Paulsen […]
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