Bitcoin saw a massive, sudden spike just after it broke through a closely watched milestone Tuesday night. The cryptocurrency traded at an all-time high of $10,819.56 at 12:33 a.m. ET, according to industry site CoinDesk. That represented a more than 10 percent jump from its price around $9,830 just 24 hours earlier. In fact, much […]
Read moreUber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at $2 billion, up 14 percent from the previous quarter, the FT reported citing new documents sent to shareholders. Uber’s quarterly gross bookings were $9.7 billion, the […]
Read moreAs digital video consumption continues to increase, companies hoping to advertise through the medium are moving beyond the conventional pop-up ad. New tools include customizing in-video messages for each viewer, and allowing users to interact with streams right inside a media player. Wootag, a Singapore start-up, is one company helping to drive the new technology […]
Read moreNorth Korean state media confirmed on Wednesday that the rogue nation’s latest rocket launch was a new type of intercontinental ballistic missile called the Hwasong-15 that is capable of reaching the U.S. The ICBM launch, ordered by leader Kim Jong Un, was a success and is the most powerful missile so far, state media said. […]
Read moreChina’s deep-rooted relationship with Zimbabwe, formed under recently deposed leader Robert Mugabe, has weakened in recent years. But under the watch of new President Emmerson Mnangagwa, seen as a friendlier face to Beijing’s commercial interests, bilateral ties could strengthen. In fact, many speculate that it was China’s concerns over its investments that resulted in the […]
Read moreOne bitcoin can now buy a Tiffany engagement ring. The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year. Since bitcoin’s market capitalization is less than $200 billion, enthusiasts point out the digital currency could rise […]
Read moreCNBC’s Jim Cramer thinks Macy’s new CEO Jeff Gennette has more than a fighting chance to bring his retailer back in style. “In the end, we need Macy’s to raise its earnings forecast and pay down even more debt if its stock’s going to have a sustainable run back to $30,” the “Mad Money” host […]
Read moreU.S. markets closed at record highs on Tuesday, shrugging off North Korea’s latest missile launch. In Asia, meanwhile, futures indicated gains at the open for major markets in the region. North Korea on Wednesday local time launched a likely intercontinental ballistic missile that landed in the Sea of Japan, according to the Pentagon. The launch, […]
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With discounts and deals top-of-mind for consumers this holiday shopping season, CNBC’s Jim Cramer zeroed in on another type of discount happening in the stock market. “Let’s talk about Square, SQ, the payment technology company with a very popular mobile credit card reader and a stock that got put on sale big-time yesterday, losing 16 […]
Read moreAfter shares of Thor Industries surged over 13 percent on Tuesday off a strong earnings report, President and CEO Bob Martin broke down the recreational vehicle maker’s forward drivers for CNBC. “It’s the change of lifestyle, it’s a younger demographic, it’s an industry that’s really reaching this younger buyer,” Martin told “Mad Money” host Jim […]
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