CNBC’s Jim Cramer may be a big fan of index funds — one of his best-known mantras is that investors should have $10,000 in an index fund before they start stock-picking — but he doesn’t think they should control the entire market. Yet the “Mad Money” host has watch the power of the major averages […]
Read moreMajor U.S. indexes closed lower on Wednesday — two notching their first decline of the year — setting the stage for Asia’s Thursday trading day. One reason cited for the decline was a report that China, the largest buyer of U.S. Treasurys, could potentially slow or halt its purchases following recommendation from officials in Beijing. […]
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Booming Nintendo Switch sales have put video game stocks back on Jim Cramer’s mind, so the CNBC host turned to the charts to see what 2018 could have in store for the gaming names. “There’s a whole generation of people out there who can’t remember a world without Nintendo, and many of them are now […]
Read moreThe next top table tennis trainer just might be a towering robot with facial recognition. Omron’s Forpheus robot straddles a standard table and uses facial recognition to improve its opponent’s skills. Forpheus reads your expressions to tell what kind of player you are, advancing the level of play as needed. “That human-machine interface is the […]
Read moreActivision Blizzard is making a big bet on esports, kicking off the inaugural season of its Overwatch League on Wednesday night. While it may take a while to see an impact on the company’s bottom line, CEO Bobby Kotick told CNBC there has already been a lot of excitement surrounding the league. “It’s a ways […]
Read moreAs stocks fell on Wednesday on a report that China is considering slowing down or even stopping its purchases of U.S. sovereign debt, CNBC’s Jim Cramer gave the bears a warning. “Logically, you can’t be worried about one thing and then suddenly freak out when the opposite happens. It’s totally lacking in rigor, but it […]
Read moreThe problem with bitcoin, “Dean of Valuation” Aswath Damodaran says, is that investors don’t know why they’re paying so much for it. That doesn’t mean it will all end badly for cryptocurrency, as billionaire investor Warren Buffett projected. Buffet made headlines Wednesday for sharing some apocalyptic words about the future of cryptocurrency. “In terms of […]
Read moreAmazon‘s aggressive poaching tactics in Israel have the country’s start-up community riled up, causing some companies to explore abandoning Amazon’s cloud service in retaliation. Shai Wininger, the co-founder of Lemonade, an insurance start-up that’s raised $180 million, took his frustration to social media, writing multiple posts on LinkedIn and Facebook about Amazon’s poaching activity. “Just […]
Read moreFrench police say that five thieves, some of them armed, have entered the luxury Ritz Hotel in Paris and stolen goods, likely jewels, worth “an important sum.” The French TV station BFM said that 4.7 million euros ($5.64 million) worth of jewels have been taken. A police official says that no one was injured in […]
Read moreAvocado sales to China are expected to more than double this year as demand continues to grow for the fruit from the country’s expanding middle-class population. “It appears to just double every year, from what we’ve seen,” Steve Barnard, president of Oxnard, California-based Mission Produce, the world’s largest distributor of avocados. “It maybe more than […]
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