Uber now officially has a new CEO. But that doesn’t mean the drama is over for former boss Travis Kalanick. Some shareholders and board members are still fighting over the role of board member Kalanick in a nasty lawsuit. That suit could stymie a “major” investment round for Uber, an early personal investor in Uber […]
Read moreFew people can say they’ve received stock advice straight from legendary investor Warren Buffett himself. But back in 1999, Buffett sold his 20-year-old wallet to the highest bidder for $210,000, with all proceeds going to Girls Inc., a charity that supports young girls in Omaha. To sweeten the deal, he included the name of a […]
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Shares of Mondelez erased earlier gains Wednesday after investing legend Warren Buffett suggested Kraft Heinz isn’t interested in buying the snack company. Mondelez’s stock was trading about 0.7 percent higher in the morning. It fell 3.1 percent after Buffett’s remarks and was down 1.81 percent midday. Buffett’s Berkshire Hathaway is Kraft Heinz’s largest shareholder, owning […]
Read moreWhen President Donald Trump predicted that his policies would spur growth of 3 percent or more, a lot of economists didn’t take him seriously. They may now. The latest figures on the economy show that breakout economic growth may not just yet be at hand, but it’s certainly within reach. A revision to second-quarter gross […]
Read moreBernstein 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 […]
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