As the broader markets make new highs, General Electric can’t get out of its own way. And according to one chart watcher, investors should expect more pain for the oldest component of the Dow. GE share prices are down 8 percent in January and on track for the 11th-straight month in the red. “This is […]
Read moreCoinbase, the bitcoin trading broker that has exploded in popularity as cryptocurrencies surge and nose dive, has encountered an unusual problem for a Silicon Valley startup: Too many investors are trying to get in. The six-year-old company crossed $1 billion in revenue last year, Recode has learned from industry sources, a tremendous rise fueled by […]
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The North American Free Trade Agreement is “something to be improved upon,” Canada’s finance minister told CNBC Tuesday as the sixth round of NAFTA talks get underway in Montreal. “Our goal is to make real progress. We’ve got some constructive ideas. And we’re really focused on how we can improve NAFTA,” Finance Minister Bill Morneau […]
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If you’re struggling to find ways of elevating openness and morale in the workplace, how about taking a leaf out of the book of one of the world’s largest tech companies? Ruth Porat, the chief financial officer of Alphabet, as well as its subsidiary Google, said there’s one morale booster that the conglomerate does that […]
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Oil prices could soon soar toward $80 a barrel amid escalating concerns over falling output from one of Latin America’s biggest producers, Crescent Petroleum’s chief executive told CNBC Tuesday. Speaking at the World Economic Forum (WEF) in Davos, Majid Jafar, CEO of the United Arab Emirates-based oil and natural gas producer, said prices could skyrocket […]
Read moreVerizon reported quarterly earnings on Tuesday that missed expectations, but revenue that topped estimates. EPS: 86 cents per share vs. 88 cents per share expected by a Thomson Reuters consensus estimate Revenue: $33.96 billion vs. $33.26 billion expected by a Thomson Reuters consensus estimate Net increase of 1.2 million retail postpaid connections (431,000 phone, 647,000 […]
Read moreThe search is under way for the next group of the most ambitious, innovative private companies transforming the economy and forcing the public giants to rethink the way they do business. CNBC is now accepting nominations for the 2018 CNBC Disruptor 50, our annual list of private companies transforming the economy and altering industry. In […]
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The world is facing many new and serious challenges from the rise of anti-globalization to technological changes and the environment, Indian Prime Minister Narendra Modi said Tuesday. Giving the opening plenary speech at the World Economic Forum (WEF) in Davos, Switzerland on Tuesday, Modi laid out his vision for India and the world in a […]
Read moreFor the last several years, there has been speculation about Elon Musk’s future at Tesla, and whether he would step down as chief executive in the next year or two. Mr. Musk stoked that speculation as far back as five years ago when he said he wanted to stay through the introduction of the Model […]
Read moreThe U.S. decision to impose tariffs on imported solar cells will have little impact on wind energy business Vestas, its CEO said Tuesday. In an announcement Monday, the U.S. Trade Representative Robert Lighthizer said that President Donald Trump had approved recommendations to impose “safeguard tariffs” on both imported solar cells and modules as well as […]
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