Wall Street ended mixed and the dollar tumbled ahead of Asia’s Thursday trading day. U.S. stocks closed mixed on Wednesday despite touching all-time highs earlier in the session. The moves came as markets focused on a mix of corporate earnings, trade war concerns and the broad decline in the U.S. currency. The Dow Jones industrial […]
Read moreNorth Korea sent a rare announcement addressed to “all Koreans at home and abroad” on Thursday, saying they should make a “breakthrough” for unification without the help of other countries, its state media said. It said all Koreans should “promote contact, travel, cooperation between North and South Korea” while adding Pyongyang will “smash” all challenges […]
Read moreAs Logitech International gains market share around the world, CEO Bracken Darrell told CNBC on Wednesday that he sees three central growth drivers for the company going forward. “We have three ways to grow: the markets we’re in are generally growing, some of them strongly. We can gain share if we innovate well, and we’re […]
Read moreAfter a whiplash in the major averages on Wednesday drove the stock market to soaring highs before it fell to tumultuous lows, CNBC’s Jim Cramer realized he needed to reevaluate. Stocks opened to a healthy rally in the morning, but by midday, the Dow had fallen over 250 points. Shortly after Cramer wrote a piece […]
Read moreAmazon has been hiring thousands of new employees each year, growing headcount by 40 percent a year. According to the Seattle Times, Amazon had 5,000 Seattle employees when it moved to downtown from a different neighborhood in 2010. As of August, it had more than 40,000 employees in the city. It occupies more than 13 […]
Read moreAs the new owner of Whole Foods, Amazon is doing exactly what the grocery chain would’ve done on its own, but has the capital to do it faster, said Panera founder and former Whole Foods board member Ron Shaich. “What is Amazon doing that Whole Foods wasn’t going to do?” Shaich told CNBC for Fortt […]
Read moreFord is expected to turn in financial results for the fourth quarter and full year of 2017 late Wednesday. Here’s what Wall Street expects: EPS: 42 cents, according to Thomson Reuters Revenue: $36.99 billion, according to Thomson Reuters In mid-January, Ford warned its earnings would be below Wall Street estimates. The second largest U.S. automaker […]
Read moreConsumers should not be concerned about their data if they choose to use Apple’s new way of storing medical records in their devices, former Apple CEO John Sculley told CNBC on Wednesday. Earlier that morning, Apple announced it was testing a new product that would let people view their medical records via mobile devices, such […]
Read moreAlphabet’s latest Google X business is in cybersecurity. On Wednesday, Google’s parent company introduced Chronicle and described it in a Medium post as a “new independent business within Alphabet that’s dedicated to helping companies find and stop cyber attacks before they cause harm.” Getting its start in X — the Google affiliate that has spawned […]
Read moreThe biggest threat to Lebanon’s stability is Israel, Lebanese Prime Minister Saad Hariri told an audience at the World Economic Forum in Davos Wednesday. “The only threat I see is Israel taking some kind of action against Lebanon, out of a miscalculation,” Hariri said. “And this is the real threat, I believe. I think the […]
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