At Dreamforce two years ago, Microsoft CEO Satya Nadella had a prime speaking spot and Salesforce’s Marc Benioff touted the blossoming partnership between the two companies. Those days are gone. On Tuesday, Benioff used part of Salesforce’s investor day meeting at Dreamforce to talk up Salesforce’s expanded partnership with Google and its growing relationships with […]
Read moreThere’s no way Snap Inc. would have been able to have the same kind of bombastic IPO it had if it came public in the wake of its latest earnings report, CNBC’s Jim Cramer said on Wednesday. “I’ll tell you one thing: you wouldn’t get these prices, no way. There’s no way we’d actually pay […]
Read moreTake Two Interactive Software Inc. CEO Strauss Zelnick told CNBC on Wednesday that his company wasn’t expecting the success it’s seen with its latest Grand Theft Auto games. “It’s amazing what’s happened with Grand Theft Auto V,” Zelnick told “Mad Money” host Jim Cramer. “We’ve sold in 85 million units and we’re having another record […]
Read morePlenty of investors are wondering whether President Donald Trump is to thank for the stock market’s monster rally since his election in 2016. But CNBC’s Jim Cramer had some other ideas. True, the S&P 500 index is up 21 percent since Trump’s election. But the Japanese Nikkei has rallied 33 percent, the German DAX is […]
Read moreIt’s no secret that Amazon is turning itself into a major physical retailer. Besides Whole Foods, which it bought for more than $13 billion this year, Amazon now has 13 bookstores, dozens of pop-up stores and partnerships to put products in stores run by Kohl’s and Safeway. According to The New York Times, Amazon also […]
Read moreFor about 48 hours after a deadly rampage at a Texas church, the FBI and other law enforcement agencies did not ask Apple to help them unlock the gunman’s iPhone or associated online accounts, a source told Reuters on Wednesday. A cellphone belonging to Devin Kelley — accused of killing 26 people before taking his […]
Read moreThe odds “clearly favor” AT&T if the wireless giant and the Department of Justice were to head to court over AT&T’s merger with Time Warner, former FCC official Blair Levin told CNBC on Wednesday. CNBC confirmed on Wednesday that the Justice Department demanded that CNN parent Turner Broadcasting or Direct TV be sold before approval […]
Read moreRoku shares popped more than 20 percent after hours on Wednesday after the company posted a narrower loss than Wall Street estimated, thanks to better-than-expected sales in its first earnings report as a public company. Adjusted loss per share: 10 cents loss, excluding items, vs. loss of $1.37 expected by a Thomson Reuters consensus estimate. […]
Read moreAudi is expanding production of what it says is a nearly carbon neutral kind of gasoline and diesel from entirely renewable sources. The German automaker, a unit of Volkswagen, said Wednesday that it plans to build a new pilot facility where it will make synthetic “e-diesel” in Laufenburg, Switzerland. Audi says its e-diesel fuel allows […]
Read moreApple shares hit an all-time intraday high on Wednesday, according to FactSet, and closed with a market capitalization above $900 billion for the first time. The stock closed at $176.24, giving it a valuation of $904 billion. Apple is fresh on the heels of the release of the iPhone X, which was released to critical […]
Read more