Asia markets on Friday are expected to focus on the overnight slide on Wall Street and the softer dollar after Senate Republicans unveiled their tax reform plan. Senate Republicans released their tax plan, which contained several differences from a bill introduced by the House, on Thursday. While the bill also called for the corporate tax […]
Read moreCNBC’s Jim Cramer knows that the cybersecurity industry isn’t going anywhere but up anytime soon. “Cybersecurity is, unfortunately, a secular growth business, meaning that long term, hackers and digital terrorists [are] going to keep trying to steal our data and mess up our systems,” the “Mad Money” host said. “That’s why I think it’s worth […]
Read moreThe government must collaborate with businesses if it wants to solve some of society’s most pressing problems, Johnson & Johnson Chairman and CEO Alex Gorsky told CNBC on Thursday. “It takes all of us working together,” Gorsky told “Mad Money” host Jim Cramer in a special Veterans Day show at the U.S. Military Academy at […]
Read moreCNBC’s Jim Cramer has noticed that some folks on Wall Street find it difficult to reconcile how veterans relate to the world of business. “I think there is some commonality, because leading an enterprise these days is all about the same processes that cadets learn here,” the “Mad Money” host said from a special Veterans […]
Read moreOne of the most successful hedge funds over the last two decades is betting on global growth through stakes in a mall operator, an energy company and a payments processor. In the third quarter, Dan Loeb‘s Third Point hedge fund made new investments in Macerich, a real estate investment trust for mall properties, oil refiner […]
Read moreCheck out the companies making headlines after the bell: Disney shares climbed 2 percent in the extended session after the mass media company missed fourth quarter earnings estimates. Operating income for most of Disney’s businesses declined year over year. Media networks, the company’s biggest segment, saw that figure decline 12 percent year over year. Nordstrom‘s […]
Read moreFacebook and Micron are among the favorite ways to play the boom in artificial intelligence, according to top technology analysts. The analysts were identified by looking at the average return of their recommendations and their success rate in those calls, as tracked by TipRanks, a Wall Street analyst database. Here are five favorite AI stocks […]
Read moreTwitter CEO Jack Dorsey said on Thursday that it should not have been possible for one of his employees to deactivate the president’s Twitter account. “We had an employee who, on this person’s last day, took it upon themselves to deactivate the account,” Dorsey said. “There are a number of things that came out of […]
Read moreSouth Carolina has just put a price tag on Amazon’s tax obligations: $500 million. That’s how much the state could lose over about five years if Amazon doesn’t start collecting sales tax as required by state law, South Carolina’s Department of Revenue said in a motion filed on Wednesday. The motion said that Amazon owes […]
Read moreAnother round of layoffs is hitting ESPN, CNBC has learned. ESPN plans to layoff more than 100 staffers after the Thanksgiving holidays, with SportsCenter in particular expected to lose jobs a source close to the situation told CNBC. The news was first reported by Sports Illustrated. ESPN declined to comment. The company has gone through […]
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