Sales of new U.S. single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in parts of the South affected by hurricanes faded. The Commerce Department said on Thursday new home sales declined 9.3 percent to a seasonally adjusted […]
Read moreMajor global technology providers SAP, Symantec and McAfee have allowed Russian authorities to hunt for vulnerabilities in software deeply embedded across the U.S. government, a Reuters investigation has found. The practice potentially jeopardizes the security of computer networks in at least a dozen federal agencies, U.S. lawmakers and security experts said. It involves more companies […]
Read moreCryptocurrencies are not in “dotcom bubble territory” in terms of market capitalization, a venture capitalist said at the World Economic Forum (WEF) on Thursday. During a CNBC panel at The Sanctuary in Davos, Switzerland, Richard Muirhead, a general partner at Fabric Ventures, Ethereum co-founder Joe Lubin and Blockchain co-founder Nic Cary discussed the future of […]
Read moreApple is going to again challenge Amazon dominance of digital books with a redesigned iBooks app, and has recently hired a former Amazon executive to help, according to a Bloomberg report. The updated app will feature a simpler interface and a new tab specifically for audio books and is set to be released in the […]
Read moreThe companies featured on CNBC’s annual Disruptor 50 list often threaten the establishment and are on their way to becoming the next generation of giants. But increasingly, the largest public companies are partnering with CNBC Disruptors to speed up their own pace of innovation. Just last week education technology company Coursera announced a new partnership […]
Read moreCurrency, United States Finance
What's happening in Saudi Arabia is 'extraordinary,' says Blackstone CEO
The reform efforts underway in Saudi Arabia are extremely positive, Blackstone Group CEO Stephen Schwarzman said Thursday. Speaking at a CNBC-hosted panel at the World Economic Forum (WEF) in Davos, Switzerland, Schwarzman added that change in the kingdom is occuring at a rapid rate. “It’s sort of extraordinary what’s going on in Saudi Arabia… you […]
Read moreSaudi Arabia‘s modernizing reforms show human capital is the new currency for the Arab kingdom, a member of the royal family said Thursday. During a panel at the World Economic Forum (WEF) in Davos, Switzerland, Reema bint Bandar Al Saud said: “Please just don’t look at us as oil… Human capital is the new currency […]
Read moreA team of six Stanford University scientists has used artificial intelligence to predict when people will die in order to improve access to palliative care, or specialized care for patients with particularly serious illnesses. Currently, less than half of the 7 to 8 percent of individuals admitted to a hospital who need palliative care receive […]
Read moreThe FANG stocks’ earnings season started off strong as Netflix crushed subscriber expectations Monday. One analyst is optimistic the other internet giants in the famed technology basket will also report strong earnings results next week. Netflix shares surged 15 percent in the two days following the stunning results. “We expect its FANG brethren to continue […]
Read moreTwitter is working on a tool to make it easier to post video instantly, according to a report from Bloomberg. The social media company is working on a Snapchat-like video feature that would cut down the process of taking video in a separate camera app before uploading to Twitter, Bloomberg reported, citing people familiar with […]
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