SAN FRANCISCO — In June, Mark Zuckerberg spoke about “community” with a gathering of influential Facebook users in Chicago. It was an important moment for the 33-year-old chief executive of the social media company. He was promoting Facebook Groups, a product that millions of people on Facebook used to talk about shared interests, debate, discuss […]
Read moreAfter Amazon, Alphabet, Microsoft and Intel strongly capped off a busy week of earnings, CNBC’s Jim Cramer said the action in their stocks told an important story about this market. “I think it’s all business as usual, except with some incredibly large-capitalization companies as the focus,” the “Mad Money” host said. “Businesses that deliver amazing […]
Read moreWith investors more interested in cyclical stocks that do well when the global economy is growing, CNBC’s Jim Cramer revisited Coca-Cola to check on the beverage maker’s prospects. Shares of Coca-Cola are hovering around their 52-week high, but as money flows out of consumer stocks and into industrial and technology names, the “Mad Money” host […]
Read moreCNBC’s Jim Cramer was blown away by the hugely positive earnings reports from the market’s top technology companies that tricked in after Thursday’s bell. “Who did the best job? Who stole the show? Was it Amazon? Was it Alphabet? Maybe Intel. Could be Microsoft. The answer? All of them, and all for different reasons,” the […]
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After Amazon, Alphabet, Microsoft and Intel strongly capped off a busy week of earnings, CNBC’s Jim Cramer said the action in their stocks told an important story about this market. “I think it’s all business as usual, except with some incredibly large-capitalization companies as the focus,” the “Mad Money” host said. “Businesses that deliver amazing […]
Read moreBig tech is getting bigger. Apple, Alphabet, Microsoft, Amazon and Facebook, the world’s five most valuable public companies, added $181 billion to their combined market value on Friday. Investors piled into the group a day after Alphabet, Microsoft and Amazon reported better-than-expected earnings. For the stock market, it was more of the same. Those five […]
Read moreNorth Korea stepped up its defiant rhetoric against the U.S. on Friday and said the U.S. is making “criminal moves for igniting a war of aggression,” according to a state-run outlet. The communist state also chided calls for negotiations for denuclearization and again slammed President Donald Trump for seeking “extinction” of North Korea through “pressures […]
Read moreCVS Health appears to have chosen a friendlier foe in insurers than the Seattle-based giant that has been lurking in the shadows. The drugstore operator is in talks to buy health insurer Aetna for a proposed $200 per share or more, sources familiar with the matter say. In owning Aetna, CVS would become the first […]
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More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such “crypto-funds” to 124, according to financial research firm Autonomous Next. Data shared exclusively with CNBC Friday showed that the largest share of the funds, 37 percent, used venture capitalist-type strategies and had about $1.1 billion […]
Read moreCEOs of companies with billion dollar market caps have been in the news – and not in a good way. This seems to be occurring more and more. Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. Here’s why it generates bad CEO behavior. […]
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