A prominent bond broker says his clients who are holding Puerto Rican debt are just about “suicidal” after President Trump threatened to wipe them out. After visiting the devastated island, Trump said the U.S. territory’s $72 billion debt should be wiped away. Most of Puerto Rico’s credits are now moving through the Title 3 bankruptcy […]
Read moreAlphabet’s Google group on Wednesday unveiled a funky new pocket-sized camera called Google Clips that’s designed to capture meaningful moments without you needing to click the shutter. Like an increasing number of other Google products, the $249 camera relies on artificial intelligence. Whenever it’s on, Google Clips is constantly looking out for certain people, facial […]
Read moreGoogle released a line of new products on Wednesday, including its first pair of premium wireless headphones, which can support live translation between languages. When the Google Pixel Buds are paired with a new handset, the Google Pixel 2, the earbuds can tap into Google Assistant, Google’s artificially intelligent voice-activated product. In addition to the […]
Read moreOn Wednesday GoPro stock dipped in mid-day trading after Google revealed a new clip-on camera, Google Clips, and improved cameras in its forthcoming Pixel 2 and Pixel 2XL smartphones. Clips is a new concept for a camera: It automatically takes photos as you go throughout your day. An artificial intelligence engine inside looks for smiles, […]
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As the debate continues over who will benefit most from the Trump administration’s tax reform plan, one clear winner will be corporate America’s bottom line. How much that translated into in raw numbers of course will depend on the final rates that Congress plugs in as it debates the proposal. However, estimates being tossed around […]
Read moreInvestors continue to wrongly underestimate Detroit automakers in the race to electric and autonomous cars, says former General Motors Vice Chair Bob Lutz. In particular, the Cadillac CT6 and its semi-autonomous Super Cruise system show that GM is actually in the lead on autonomous technology, Lutz told CNBC’s “Squawk Alley” on Wednesday. The CT6 is […]
Read moreMolly Jackson, an 82-year-old retired nurse, was sitting in the back seat of a self-driving taxi when the vehicle jerked to a halt at a crossing as its computer vision spotted an approaching golf cart. When the vehicle, a modified Ford Fusion developed by a start-up named Voyage, started to inch forward, it abruptly stopped […]
Read moreA growing global populist movement that will continue to generate backlash against big tech companies, according to technology investor Jason Calacanis. In Europe, for instance, Apple, Google and Amazon are all facing crackdowns over issues like taxes and monopoly. Tweet: Know it may be difficult, but more that 1 year after Apple decision, tax benefits […]
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It’s unlikely the self-proclaimed “King of Debt” can wave away Puerto Rico’s debts, but President Donald Trump’s interest in the island’s recovery may mean bondholders get an even smaller piece of the pie. “The president can’t just wipe out the debt,” said Jeff Lipton, managing director, head of municipal research and strategy at Oppenheimer. After […]
Read moreWith the announcement Tuesday that all three billion accounts were affected by a 2013 hack, Verizon-owned Yahoo became the victim of the biggest overall data breach by a long shot, according to a CNBC analysis of a database of reported breaches. In recent years, high-profile hacks have been bigger and more frequent. Part of that […]
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