The Indian government is not reforming its banking sector quickly enough, as troubles such as high levels of bad loans hold back economic progress, a top consultant told CNBC on Thursday. Prime Minister Narendra Modi’s administration has done “many good things” such as implementing a goods and services tax and a new bankruptcy law, according […]
Read moreDan Morehead, chairman of digital currency exchange Bitstamp, said bitcoin and other digital currencies will likely become assets serious investors will want in their portfolios. “Bitcoin’s essentially going to revolutionize currency, or money,” Morehead said on Wednesday at the Sohn Investment Conference in San Francisco, which was attended by portfolio managers and asset allocators. “If […]
Read moreA Facebook post promoting a dating app was so explicit about its racism and discriminatory stance on foreign workers that many around the world thought it may have been fake. It’s now available for some users on Apple’s App Store. Herbert Eng, the founder of Singapore-based dating app HighBlood, first made waves in March when […]
Read moreThe gunman responsible for the deadliest mass shooting in modern U.S. history meticulously planned the event and spent decades acquiring weapons, while he lived a secret life, Las Vegas police said on Wednesday. Police also told a news conference that 317 of the 489 people injured in the Las Vegas shooting have been discharged from […]
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Oracle is bringing artificial intelligence into its software and making its database autonomous, like a self-driving car. But some things at Oracle just can’t be automated. At Oracle’s big annual OpenWorld bash in San Francisco on Tuesday, CEO Mark Hurd spent much of his day meeting face to face with executives from companies that spend […]
Read moreFacebook CEO Mark Zuckerberg and COO Sheryl Sandberg are unlikely to testify before Congress early next month, when Facebook will face a grilling on how Russia-based groups used the company’s ad-buying technology to influence the 2016 U.S. election, a source familiar with the situation told CNBC. While the company hasn’t finalized who will represent Facebook […]
Read moreOnly the most hardcore Google fans with plenty of disposable income should consider dropping $999 for Google’s new Pixelbook ChromeOS laptop. I’m sure it’s a nice machine. The Verge called it “stunning,” “well-built,” and “beautiful.” Google told the Verge that it’s aimed at students who really love the inexpensive Chromebooks they use at school today […]
Read moreIn a red-hot stock market that can’t seem to slow its winning streak, CNBC’s Jim Cramer has been inundated with requests from viewers to lay out the market’s negatives. “Now, I have endlessly told you how errant tweets, dysfunctional tax policy and ‘little Rocket Man’ can all create a hideous backdrop at any given moment,” […]
Read moreImmigration reform has enough support in Washington that Congress should be able to take action this year, said Brad Smith, Microsoft’s president and chief legal officer, in an interview on Wednesday with CNBC’s “Closing Bell.” Smith has spoken out on several social issues in his role as a technology leader, tweeting in support of marriage […]
Read moreIt is a “magical time” for autos, but maybe not so much for traditional automakers, says one analyst. Traditional automakers such as Ford and General Motors are rushing to bolster investments in technologies such as autonomy and electric powertrains to fend off a growing threat that seems to be coming from all sides, said Morgan […]
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