With all the turmoil inside Uber, it’s unlikely that miffed shareholders will get an offer that’s close to Uber’s current valuation, one technology investor said. Uber’s not worth the nearly $70 billion it’s valued at now, and could be worth tens of billions of dollars less, technology investor Roger McNamee told CNBC’s “Squawk Alley” on […]
Read moreThe US Department of Commerce houses the patent and trademark office, whose mission is to protect our nation’s innovators and their intellectual property. Above our entrance is inscribed a quote from Abraham Lincoln: “The patent system added fuel to the fire of genius.” But today the American patent system and the American genius it protects […]
Read moreThe cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes. Sales there are rising, but only on the higher end, and that is leaving the majority of entry-level buyers out of luck and out of home ownership because there are so […]
Read moreDisney made big waves recently when it said it would remove its movies from Netflix by 2019. But in an interview with Variety, Netflix chief content officer Ted Sarandos said the company is preparing for a future without Disney — or any other major media company. “I would say that the relationship between studios and […]
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The best hedge funds for technology stock picking are betting on China, social media and gaming. Technology is by far the best-performing S&P 500 sector this year, up 23 percent and raising worries for some that the stock sector may have gotten ahead of itself. Some hedge funds, however, have outperformed those stellar gains and […]
Read moreNegotiators from Canada, Mexico and the United States are aiming for an ambitious first round of trade talks, a senior U.S. official said on Tuesday, as the countries try to fast-track a deal to modernize the pact by early next year. The United States Trade Representative official, speaking to reporters on a conference call, said […]
Read moreCryptocurrency mining demand for AMD’s graphics cards may be all the rage, but a top Wall Street firm says investors shouldn’t overlook its improving processor chip business. Bank of America Merrill Lynch reiterated its buy rating for the chipmaker’s shares, saying the company’s recently launched Ryzen processors are selling well against Intel. “Our industry checks […]
Read moreJuly’s surprisingly strong retail sales relieved some of the fears that the real cause of sluggish inflation this year is a weakness in the U.S. consumer. The 0.6 percent jump in July retail sales was the best in seven months and is expected to bump economists’ GDP targets for the third quarter. June headline retail […]
Read moreIt’s no surprise that Amazon is one of the most sought after companies millennials want to work for after graduating. But, if you want to nab a job at the online retailer, you should be “relentlessly curious” and care about helping the retail giant’s customers. That’s according to Miriam Park, director of Amazon’s university recruiting, […]
Read moreWhile tensions from North Korea appear to have eased, a threat from Amazon still hangs over the market, CNBC’s Jim Cramer said Tuesday. U.S. stocks were higher Tuesday as investors breathed a sigh of relief after North Korean leader Kim Jong Un said he would wait for further action from the U.S. before making a […]
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