It used to be common sense that investors couldn’t simply realize that it’s cold outside, buy shares in a “cold weather play” like Canada Goose and make money, CNBC’s Jim Cramer said on Friday. But in this market, Cramer has watched common-sense investing come back into the fold as a winning strategy. “Now, I’m not […]
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The stock market’s bullish reaction to Friday’s placid jobs report from the U.S. Labor Department gave CNBC’s Jim Cramer pause as he looked ahead to next week. “Once again, this market is downright shocking,” the “Mad Money” host said. “The bank stocks had been rallying for days because the economy’s red-hot, hot enough that the […]
Read moreLast year was the year of the tech mega-cap, with the six most valuable companies in the world now coming from that industry. Yet, even with the consolidation of money and power, 2017 featured a notable dearth of large tech deals. Don’t expect 2018 to be so quiet. As Alphabet, Amazon and Apple expand their […]
Read moreVuzix will unveil a set of smart glasses powered by Alexa next week, as Amazon’s smart assistant continues to pose a threat to leading platforms from Apple and Google. Shares of Vuzix popped as much as 12 percent on Friday afternoon on the news. The $1,000 glasses are aimed at a “prosumer” market, like golfers, […]
Read moreTechnology companies will thrive from the hundreds of billions in cash parked outside the country coming into the U.S. this year, according to one Wall Street firm. “With the Trump administration and Beltway imposing a 15.5% tax on [repatriated] cash earnings vs. the previous 35% tax rate we expect a surge of overseas cash to […]
Read moreGoogle just announced that it has sold “tens of millions” of its home devices over the last year, including its smart speakers and Chromecast TV streaming devices — and more than one Home speaker every second since the Home Mini started shipping in October. Some quick math: That means that Google has sold at least […]
Read moreBillionaire entrepreneur Richard Branson has harsh words for the Trump administration’s move to end the legalization of non-medical marijuana — calling it both backwards and unproductive. Thursday, Attorney General Jeff Sessions rescinded the Obama-era policy that enabled states to sell non-medical marijuana. The move came the same week that the policy went into effect. In […]
Read moreBenchmark Capital will end up selling about $900 million of its Uber stock to SoftBank and other buyers, or about 14.5% of the venture capital firm’s holdings in the company. Benchmark, which said last year that Uber could soon be worth more than $100 billion, tried to sell about 25 percent of its shares in […]
Read moreAfter the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year. Here are five predictions for digital currencies, based on those interviews: “Our institutional investor base is very interested in learning more and getting exposure,” […]
Read moreA FedEx employee from Tennessee has made mathematical history with the discovery of the largest known prime number. Jonathan Pace, a 51-year-old engineer living in Germantown, Tennessee, discovered the number after running a special piece of computational software for six days straight. Pace is a volunteer for a project called the Great Internet Mersenne Prime […]
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