On a wild day for the markets, CNBC’s Jim Cramer wanted to take a step back and focus on an under-the-radar name to help investors unwind. “Of course, the trouble with under-the-radar [stocks] is that sometimes you’re too late to the party and it’s already been discovered, so you need to walk away,” the “Mad […]
Read moreCNBC’s Jim Cramer urged investors to keep their cool on Friday as stocks fell following reports that President Donald Trump’s former national security adviser pleaded guilty to lying to the FBI. “I never dismiss the big picture,” the “Mad Money” host said. “Through all of the Dow 24,000 hubbub, the sturm und drang surrounding theSenate […]
Read moreA siren that frightened Lorraine Godoy as a child will wail once again in Hawaii, decades after the Cold War-era threat of nuclear attack subsided. The state on Friday is dusting off the system intended to warn people of an impending nuclear strike just days after North Korea launched its most powerful missile yet. Godoy, […]
Read moreThree senior managers have resigned from Uber’s international, business operations, and physical security teams, amid a fresh wave of scrutiny over the company’s data security and competitive practices, the company said. Two of the managers are staying on through the rest of the year to help with the transitions of the teams, Uber said. While […]
Read moreGeneral Motors‘ leading position in autonomous vehicle (AV) technology is underestimated by the market, according to one Wall Street firm. Barclays reiterated its overweight rating for the automaker’s shares, saying the company will attain a large market share of the new AV market. GM held a technology day for analysts and investors Thursday. “The day […]
Read moreFor all of JPMorgan Chase CEO Jamie Dimon‘s criticism of bitcoin, a strategist at the bank said Friday that bitcoin futures could “add legitimacy” to the potential new asset class. “The prospective launch of bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the […]
Read moreTax cuts versus potential legal troubles for the president: Which wins out in the markets? The markets have been focused for months on global economic growth, record earnings and the premium in the market for tax cuts. But traders have spent almost no time thinking about the risk premium in the market for President Trump‘s […]
Read moreFacebook might be experimenting with a new ad format, according to a report in Ad Age, amid jitters about the company’s advertising growth and swelling costs. Facebook plans to test so-called pre-roll ads at the beginning of “Watch” tab videos, a shift from the mid-roll ads that appear in the middle of videos now, according […]
Read moreA growing number of students at America’s elite business schools say they plan to pivot away from conventional jobs in finance for the lure of blockchain, the underpinning of bitcoin and other cryptocurrencies. Robbie Mitchnick is one of those students. “We’ve got a lot of people who came from traditional finance backgrounds that are forgoing […]
Read moreNokia halted its effort this week to acquire Juniper Networks, according to people familiar with the matter, after CNBC reported the two companies were in talks to merge. The push by Nokia to acquire Juniper — and marry that multibillion-dollar networking company with Nokia’s infrastructure resources — is off for now, said the people, who […]
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