Bernstein is downplaying the significance of the recent announcement that Disney intends to pull its movies from Netflix. The firm reiterated its overweight rating on the video streaming company’s shares, predicting Netflix’s international growth will continue to surge. Disney’s movies are shown on Netflix in the U.S. and Canada but only in two other countries, […]
Read moreBillionaire investor Warren Buffett told CNBC on Wednesday that he’s never sold a share of his Apple stock. “I’ve never sold a share,” the chairman and CEO of Berkshire Hathaway said on “Squawk Alley.” But Buffett declined to answer whether he is buying more. “I certainly was buying last quarter and I don’t pay attention […]
Read moreTech companies are already counting the cost of sweeping EU rules on data protection that will not be introduced until next year. A Financial Times survey has revealed that he sector is scrambling to hire new staff and redesign products as it faces millions of dollars in higher costs and lost revenues. The FT contacted […]
Read more“I have to tell you, I am scared.” So says Uber’s new CEO pick, Dara Khosrowshahi, in a note he sent to his staff at Expedia, where he was CEO for more than a decade. Of course he’s scared. Who wouldn’t be? Uber is one of the most fabled start-up stories of all time and, […]
Read moreSamsung launched two new fitness-focused smartwatches and a pair of wireless earbuds equipped with its voice assistant Bixby, in a bid to challenge the likes of Apple and Fitbit in the health space. The three products are: The Samsung Gear Sport smartwatch The Gear Fit 2 Pro fitness band The IconX 2018 wireless Bluetooth earbuds […]
Read moreIranian-born Dara Khosrowshahi, who will soon become Uber’s new CEO, did not hide his patriotism in a May conversation with CNBC’s Jim Cramer. The Expedia CEO shed light on his personal experience as an immigrant to the United States on an episode of “Mad Money.” “I emigrated here when I was nine years old,” Khosrowshahi […]
Read moreAlmost 20 years ago, a new company came on the scene promising to revolutionize the tedious and often frustrating chore of securing a restaurant reservation. No more waiting on the phone and pleading with snooty receptionists. With just a few clicks of a mouse, a diner could secure a table at prime times in the […]
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COUNTRIES find it easier to get rich once their neighbours already are. East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries: over the past decade, for example, […]
Read moreIn the hours after European antitrust regulators levied a record $2.7 billion fine against Google in late June, an influential Washington think tank learned what can happen when a tech giant that shapes public policy debates with its enormous wealth is criticized. The New America Foundation has received more than $21 million from Google; its […]
Read moreBillionaire investor Warren Buffett told CNBC on Wednesday that U.S. economic growth does not feel like 3 percent. The 3 percent threshold is what President Donald Trump and his administration want to achieve for gross domestic product growth. The government reported on Wednesday that GDP increased at a better-than-expected 3.0 percent annual rate in the […]
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