Asia markets were subdued in early morning trade, with investors watching how U.S.-China trade talks progress on Friday. The ASX 200 was up 0.16 percent in morning trade, despite the heavily weighted financials subindex slightly lower. Gains were seen in the materials sector as well as gold producers. The Kospi was down 0.31 percent with […]
Read moreCNBC’s Jim Cramer felt for Tesla CEO Elon Musk after the auto chief’s bizarre post-earnings conference call on Wednesday. “Last night was absolutely, hands-down Musk’s best conference call, ever. By far,” the “Mad Money” host said on Thursday, not long after applauding Musk’s unusual behavior on CNBC’s “Squawk on the Street.” The call, which sent […]
Read moreA new report by the New York City Comptroller directly links the explosion of Airbnb rentals to rising rents in the Big Apple. The report charges Airbnb with costing renters $616 million in additional rent in 2016 alone, and disproportionately burdening neighborhoods with higher concentrations of Airbnb rentals. “For years, New Yorkers have felt the […]
Read moreFacebook has been hammered by investors, politicians and consumer groups over its handling of user data in the seven weeks since the Cambridge Analytica scandal surfaced. In response, the company has placed greater restrictions on partners, taking away their ability to access information on where photos were tagged as well as the names and biographies […]
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WHEN the Gulf carriers trumpet a new route, it tends to be one that goes to a major city with an international reputation. The big three—Emirates of Dubai, Etihad of Abu Dhabi and Qatar Airways—usually put on a good show to celebrate new flights to places such as London, New York or Beijing. And so many […]
Read moreTwitter said on Thursday that it found a bug in how it stores passwords, which meant they weren’t scrambled to protect them from attack. tweet Twitter said it hashes passwords so that they’re stored as a random mix of numbers and letters. It discovered password logs where the passwords hadn’t been hashed, however. “Due to […]
Read moreShort-seller Mark Spiegel believes Tesla will suffer from new competition in the electric car market. The noted skeptic of the electric car maker reiterated his bearish stance on the company saying his speech “almost seems redundant” after Musk’s bizarre conference call performance last night. “Tesla is still a zero,” he said at the Kase Learning: […]
Read moreElon Musk is acting like he’ll never need to raise capital again. Musk’s behavior on a Tesla conference call on Wednesday raises questions about Musk’s relationship with the investors who have bought equity from the company year after year, including those who think Tesla may need to return to markets in the not-so-distant future. Musk […]
Read moreYou can now store payment information and buy products directly inside the Instagram app, the company confirmed to CNBC Thursday. The payment feature appears under Settings in the app, with an option to add debit or credit card information, track previous payments and set a pin for extra security. (TechCrunch first reported the Instagram update […]
Read moreThe White House on Thursday warned China of “consequences” for its ongoing militarization of the hotly contested waters of the South China Sea. Press secretary Sarah Huckabee Sanders issued the warning while she was responding to a question regarding CNBC’s report that China had installed missile systems in outposts in the Spratly Islands, which are […]
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