Renault-Nissan-Mitsubishi Alliance CEO Carlos Ghosn elaborated on the alliance’s plans to start a corporate venture fund intended to invest up to $1 billion over five years in start-ups developing appealing new mobility technologies. The fund expects to invest up to $200 million in start-ups making new mobility technologies, such as vehicle electrification, autonomous systems, connectivity […]
Read moreThe Children’s Place has undergone transformations in various key areas including inventory, distribution and digital channels under President and CEO Jane Elfers. As she steers the company towards international success, Elfers told CNBC on Tuesday that the company’s digital efforts are being driven by a crucial customer demographic: millennials. “We have the dream customer. We […]
Read moreWhat do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided Tuesday by Eastman Kodak, is KodakCoin. The iconic company filed for bankruptcy protection in 2012 after fumbling the shift to digital images. Now it’s betting its future on […]
Read moreOne thing became clear to CNBC’s Jim Cramer as he spoke to various consumer-facing CEOs at ICR’s annual investment conference: the consumer is better off than many people think. “The consumer is alive and well and spending. The consumer wants value. The consumer wants reliability. And the consumer will pay for it,” the “Mad Money” […]
Read moreUber Technologies Inc agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their fares. A preliminary settlement was filed on Monday with the federal court in Brooklyn, New York, and requires approval […]
Read moreWalmart is expanding its “Scan & Go” technology to an additional 100 locations across the U.S., the retailer announced Tuesday, playing into a growing trend of companies giving consumers the option to shop their stores without interacting with a cashier. Others working to perfect their own digital shopping scanners include grocery giant Kroger and internet […]
Read moreThe pending AT&T–Time Warner deal isn’t necessarily the model other media and telecom companies need to follow to stay relevant, said Cox Communications CEO Patrick Esser. “I don’t think you have to get bigger to compete,” Esser said on CNBC’s “Closing Bell” on Tuesday. “I think we have to invest.” Cox Communications has invested about […]
Read moreSigns and banners for Paytm, India’s biggest digital payments service, festoon Pooran Singh’s cellphone shop, where people drop in all day to add data or talk time to their prepaid phones. Yet few of these people actually use Paytm at the store, which straddles two dusty streets in this sleepy north Indian city in which […]
Read moreTesla said on Tuesday it began manufacturing its premium solar roof tiles at the company’s Buffalo, New York factory last month and has started surveying the homes of customers who made a deposit of $1,000 to reserve the product last year. The solar roof, which generates electricity without the need for traditional rooftop panels, is […]
Read moreOne of Wall Street’s biggest bitcoin bulls says the cryptocurrency could “easily double” or even triple in 2018. In August 2017, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, predicted bitcoin’s rally above $10,000 and declared that the digital currency would outperform equities through the end of the year. Sure enough, bitcoin […]
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