Initial public offerings seem to be coming back in style on Wall Street, so CNBC’s Jim Cramer wanted to zoom in on one part of the market that caught CNBC’s attention in recent weeks: Chinese IPOs. “Now, it’s not just that Chinese IPOs have been surging. According to the IPO experts at Renaissance Capital, we’ve […]
Read moreHere’s a round-up of the most important deals in venture capital from the past week. Stitch Fix went public on Friday, pricing shares below its expected range at $15 the night before. The e-commerce company sends subscribers boxes of stylish outfits to wear and return by mail, so they don’t have to shop in stores […]
Read moreApplied Materials President and CEO Gary Dickerson told CNBC on Friday that “there’s never been a better time to be an investor” in his company in its 50-year history. “The future of competition is going to change,” Dickerson told “Mad Money” host Jim Cramer. “A.I. and big data are transforming major industries. We see this […]
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As stocks drifted down from their highs on Friday, CNBC’s Jim Cramer urged investors not to blame earnings action for the market’s failure to rally. “Even the amazing numbers and the stock moves from Foot Locker, from Ross Stores, from Gap, even from Abercrombie & Fitch, they weren’t enough to prop up the averages,” the […]
Read moreNaming hedge-fund billionaire Nelson Peltz to the Procter & Gamble board will be beneficial to shareholders, Anne Sheehan, director of corporate governance at CalSTRS, told CNBC on Friday. The activist investor won a proxy-vote recount for a board seat earlier this week after the initial results showed he failed to secure enough votes. P&G can […]
Read moreTesla’s most bullish analyst says the electric-car maker can bring in revenues of $60 billion by early next decade, and success is based in part on his confidence in demand for the Model 3. While the California electric-car maker is unveiling ambitious new vehicle designs, some analysts are still wondering how well the company is […]
Read moreTesla is a “losing enterprise” that won’t last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday. “The company, folks, is going out of business. At this rate they’ll never get to 2019,” the well-known Tesla skeptic said in an interview with “Power Lunch.” Among the issues facing the electric-car maker are […]
Read morePayPal co-founder Peter Thiel has parted ways with start-up incubator Y Combinator. A blog post on the company’s website, which previously listed Thiel as a part-time partner, now says, “Edit: Peter Thiel is no longer affiliated with Y Combinator.” BuzzFeed News previously reported on the edited post. According to BuzzFeed, Y Combinator ended its part-time […]
Read moreThere are still plenty of questions about Tesla’s new Semi, but there is no doubt it is innovative, and represents a number of firsts for the trucking industry, says one analyst. “To be honest we think the truck is a little bit of a game changer, not so much for Tesla but for the trucking […]
Read moreThe U.S. Senate is considering two bills that could, if made into law, dent ad growth at Facebook, Google parent Alphabet and other internet companies. As is often the case in Washington, the bill with the lower profile has a better chance of becoming law. That’s the bill the Senate Committee on Commerce, Science and […]
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