Wall Street closed at record levels following the latest minutes from the Federal Reserve while the dollar sagged against the euro ahead of Asia’s Thursday trading day. Minutes from the Federal Reserve’s last meeting showed that one more interest rate increase in the U.S. this year was “likely to be warranted” given that the economic […]
Read morePresident Donald Trump on Wednesday made lofty pledges about the benefits of the work-in-progress Republican tax plan — and threw in a promise to rid roads of potholes, to boot. Speaking in Pennsylvania to a crowd that included truckers, Trump promoted a tax framework he claimed would boost job creation and put more money in […]
Read moreHealth care is hard. Few founders understand that better than Kyle Hill, who folded his home care start-up HomeHero after raising more than $20 million in capital earlier this year. Now, Hill is ready for his second attempt to crack the health care market. CNBC has learned that his team has been quietly working for […]
Read moreIn a market hungry for spin-offs, CNBC’s Jim Cramer keeps an eye out for company break-ups that could prove to be lucrative for investors. That’s why the “Mad Money” host caught sight of the “corporate divorce” between commodity chemical giant Huntsman and its recently spun-off entity, Venator Materials, which came public at $20 a share […]
Read moreSince Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness. Just this year, Nike shares have inched up less than 1 percent, Columbia Sportswear’s shares are up about 4 percent and Under Armour shares have shed 43 percent of their value. At first, […]
Read moreIn many ways, CNBC’s Jim Cramer finds each trading day in the stock market to be very similar to a good fishing trip. “This is like fishing, catching a 40-inch edible fish every day, each different from the day before,” the “Mad Money” host said about the bounty of high-quality stocks. Wednesday’s catch was the […]
Read moreAnalysts and bloggers have speculated for a few years now that foldable phones were the next major form factor for the smartphone. But while Lenovo and Samsung have demonstrated concept devices with foldable screens, and numerous other companies have filed patents, the devices have yet to materialize in stores. Nonetheless, a media outlet in Korea […]
Read moreOdds are gaining for Jerome Powell to be chosen as the next Federal Reserve chairman. Powell, currently a Fed governor, is now the leading contender, according to PredictIt, a website that predicts political and financial events. It puts his odds of selection at 47 percent, higher than the 28 percent odds on Kevin Warsh and […]
Read moreFacebook dropped $2 billion to acquire virtual reality platform Oculus in 2014. Unlike the company’s other big acquisitions, Instagram ($1 billion in 2012) and WhatsApp ($19 billion in 2014), Oculus does not appear to be paying off. Although Oculus Gear VR headsets are practically handed out with Samsung smartphones, the company’s more expensive Oculus Rift […]
Read moreBuying shares in public companies is easy these days, and has been since the advent of sites like E-Trade and Schwab.com. But that’s not the case when it comes to investing in a privately held company, whether it’s a hot tech start-up or century-old manufacturing conglomerate. That process still requires physical paperwork, lawyers to negotiate […]
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