Even though CNBC’s Jim Cramer always tells investors to buy stocks when they decline because of some unrelated event that shakes the market, he knows they don’t always do it. “Today, after Sen. Marco Rubio said he can’t vote for the new tax bill and other Republican senators might be balking too, the market took […]
Read moreU.S. markets closed in the red ahead of Asia’s Friday trading day as investors shifted their attention from the Federal Reserve’s recent meeting to new uncertainty about the chances of tax reform. Sen. Marco Rubio, R-Fla., on Thursday confirmed he opposes the Republican party’s current tax plan. Other holdouts include Sen. Mike Lee, R-Utah, who […]
Read moreU.S. President Donald Trump spoke by phone on Thursday with Russian President Vladimir Putin and a statement about their conversation will be released later in the day, White House spokeswoman Sarah Sanders said. “President Trump spoke with Putin earlier today and a read out will be sent later tonight,” she said in an emailed statement. […]
Read moreAeroVironment’s latest product isn’t your regular stocking stuffer. The $16,500 autonomous drone, available on Amazon starting Thursday, is a product for farmers and others in the agricultural industry, AeroVironment CEO Wahid Nawabi told CNBC. “What we’ve done is we’ve taken drones and software analytics and turned it into an app,” Nawabi told “Mad Money” host […]
Read moreThe leading U.S. platform for buying and selling major cryptocurrencies will likely go public in the future, its new president said. “The most obvious path for Coinbase is for us to go public at some point,” Asiff Hirji, the company’s president and COO, said Thursday on CNBC’s “Fast Money” in his first televised interview since […]
Read moreMaroon 5, Dana Carvey and David Blaine supplied the evening entertainment. The afternoons were for horseback rides, massages and 18 holes on some of the country’s most famous golf courses. It was mid-October at California’s Pebble Beach, and about 75 of Silicon Valley’s top executives and dealmakers joined their spouses for an intimate three-day event […]
Read moreUber’s purchase of self-driving truck company Otto came at a price that was much lower than originally thought, according to a new analysis from Mark Harris at IEEE Spectrum. It was widely reported in August 2016, that Uber paid the equivalent of 1 percent of its stock, or $680 million, to acquire Otto. But new […]
Read more(Disclosure: Affiliates controlled by Eric Jackson have long positions in Disney and Netflix. Comcast is the parent company of NBCUniversal, which owns CNBC.) Today’s announcement about Disney buying Fox‘s assets for consideration over $60 billion has generated lots of commentary. However, there are some opinions about the deal which appear to me to be way […]
Read moreOracle on Thursday saw its stock fall by almost 5 percent after reporting better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on Nov. 30. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, 70 cents in earnings per share vs. 68 […]
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Ripple is vying with bitcoin cash to be the third-largest cryptocurrency by market value. Ripple, or XRP, surged 89 percent Thursday to a record high of 89.2 cents and was last trading near 81 cents, giving it a market value of $31.6 billion, according to CoinMarketCap. Those gains temporarily pushed ripple’s market value past that […]
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