In a rare rebuke to the United States, British Prime Minister Theresa May’s office on Wednesday condemned President Donald Trump‘s decision to retweet three anti-Muslim videos from a leader of an anti-immigrant political group in the U.K. The far-right fringe group Britain First is an ultra-nationalist party that opposes what it calls the “Islamization” of […]
Read moreAmazon’s consumer marketplace has gone from an online bookseller to an “everything store.” And Amazon’s head of cloud services just revealed that the company’s enterprise division could achieve a similarly grandiose position. CNBC’s Jon Fortt asked Amazon Web Services CEO Andy Jassy if Amazon could become the world’s largest enterprise company. “It has the chance, […]
Read moreSelf-help guru and former hedge fund manager James Altucher thinks bitcoin will reach $1 million in three years. Bitcoin surged to a record high of $11,377.33 Wednesday morning, according to CoinDesk. Outspoken libertarian and MGT Capital Investments CEO John McAfee subsequently tweeted that he predicts bitcoin will reach $1 million by the end of 2020, […]
Read moreRepublican leaders will pass a tax bill, but it’ll be a “watered down” version from what was originally envisioned, closely followed strategist Jim Paulsen told CNBC on Wednesday. The full Senate could vote on a tax reform bill as early as Thursday, but some lawmakers and conservative groups remain in disagreement about certain parts of […]
Read moreIf you’re wondering just how much of an effect Amazon‘s HQ2 could have on real estate in the city it chooses, take a look at its presence is in the Seattle metropolitan area. There, the company currently occupies 13.6 million square feet, or the equivalent of five Empire State Buildings. That’s based on a new […]
Read moreNasdaq plans to launch bitcoin futures as early as the second quarter of 2018, according to exchange officials. The CBOE and the CME have also announced plans to launch futures tied to the cryptocurrency shortly. A Nasdaq spokesperson said that the exchange’s futures would differentiate from CBOE and CME because Nasdaq would base its price […]
Read moreBuzzFeed will restructure its business team, resulting in layoffs of about 100 people, and the transition of the company’s president to the role of senior advisor. Company CEO Jonah Peretti said in a memo Wednesday that the company needed to shift away from direct advertising sales to more diverse revenue streams. The company will search […]
Read moreFidelity clients are unable to access their online accounts Wednesday after the company experienced an internal, technical problem. The issue affected all online accounts. Fidelity spokesman Mike Aalto told CNBC that “our site’s down, but I can tell you it’s an internal issue. Clients aren’t able to log in to their accounts right now.” He […]
Read moreAmazon’s behemoth cloud division has swallowed eight or nine companies in the past few years — and it would buy up even more if not for Silicon Valley’s sky-high valuations, the top executive said. Andy Jassy, Amazon’s highest-paid executive and head of Amazon Web Services, told CNBC’s Jon Fortt that Amazon is more rigorous than […]
Read moreSome of the market’s best-performing technology stocks so far this year are tanking Wednesday. Shares of Facebook, Netflix, Nvidia and Micron are all down more than 4 percent. Micron was down more than 7 percent. The Technology SPDR fund dropped 2.2 percent, its biggest one-day decline since June. As popular tech stocks fell, the Financial […]
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