Reviews of the Tesla Model 3 praise the car as a futuristic, mold-breaking car that may be the best electric vehicle at its price point. But that doesn’t mean it’s perfect. Overall, Tesla’s first attempt at a less expensive car than their higher-end S and X models has received strong acclaim for its smooth, quiet […]
Read moreApple is increasing the amount it plans to spend on data centers by $10 billion over the next five years, the company said in its announcement on Wednesday about contributing $350 billion to the U.S. economy. The buildout will help Apple support its growing web services, like the App Store and Apple Music. Services is […]
Read moreStock prices could soon be outrunning the herd. The S&P 500 has risen so quickly this month that it has already topped or matched many of Wall Street analysts’ freshly minted 2018 full-year forecasts, collected in CNBC’s strategist survey. The median target for year-end is currently 2,975, about a 6 percent gain from current levels. […]
Read more
The digital currency plunge has wiped billions from the paper fortune of a cryptocurrency billionaire in just a few weeks. Ripple’s XRP coin has fallen 74 percent from an all-time high of $3.84 hit on Jan. 4, erasing $44 billion from the holdings of Chris Larsen, co-founder and executive chairman of Ripple. With XRP trading […]
Read moreThe 19-year-old polling company SurveyMonkey is preparing to go public later this year, according to people familiar with the company’s plans, accelerating its conversations with bankers ahead of what would be one of 2018’s most closely-watched IPOs. Last valued at $2 billion, SurveyMonkey is advised by Silicon Valley heavyweights like Sheryl Sandberg and Meg Whitman, […]
Read more
Equity markets bounced back Wednesday after a wild ride in the previous session, and one top technical strategist sees a more pronounced decline ahead as we near the latter half of the month. The S&P 500 will likely see a loss of momentum in the coming sessions with a potential 4 to 5 percent pullback […]
Read more
While bitcoin may look like it will continue to crash and burn, its chart suggests it could be trying to find at least a temporary price floor. Technical analysts say it’s way too soon to say whether the price of the cryptocurrency is bottoming, after its stunning collapse, but they are watching the 100-day moving […]
Read more
Bitcoin, the world’s largest cryptocurrency, is not really money and Visa won’t touch it, the credit card giant’s CEO told CNBC. “I don’t view it as payment system player,” Alfred Kelly said in an interview recorded on Tuesday at the National Retail Federation conference in New York City. Despite the emergence of bitcoin as digital […]
Read moreApple said that it’s opening a second campus in the U.S., as part of a plan to pour billions of dollars into the domestic economy. “The company plans to establish an Apple campus in a new location, which will initially house technical support for customers,” Apple said in a statement on Wednesday. “The location of […]
Read moreApple just announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S. “Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest […]
Read more