Asian markets looked set for a higher open on Tuesday on the back of Wall Street’s gains, as oil prices got a boost on concerns that the U.S. could potentially reinstate sanctions on Iran. U.S. stocks closed higher, with technology shares recording a third consecutive day of gains, although stock indexes closed off their intraday […]
Read moreWhen CNBC’s Jim Cramer thinks the stock market misjudged an earnings report — like he says it did with Spotify’s first report as a public company — he feels obliged to step in and clear things up. “Whenever the market makes a particularly egregious error, I like to go back and set the record straight,” […]
Read moreThe rise of digital peer-to-peer payment services in the banking world is paving the way to a new, cashless reality, Bank of America’s Head of Digital Banking, Michelle Moore, told CNBC. “We would like to get cash out of the system,” Moore said in an interview with “Mad Money” host Jim Cramer. “It needs to […]
Read moreWhen CNBC’s Jim Cramer thinks the stock market misjudged an earnings report — like he says it did with Spotify’s first report as a public company — he feels obliged to step in and clear things up. “Whenever the market makes a particularly egregious error, I like to go back and set the record straight,” […]
Read moreComcast is planning a $60 billion all-cash bid to top Walt Disney on its deal to acquire most of Twenty-First Century Fox’s assets, if the U.S. government approves AT&T‘s acquisition of Time Warner, according to people familiar with the matter. The bid would top Disney’s offer of $52 billion. Comcast also plans to acquire 100 […]
Read moreComcast is speaking to investment banks about obtaining bridge financing for an all-cash bid to displace Walt Disney on its $52 billion deal to acquire most of Twenty-First Century Fox’s assets, three people familiar with the matter said on Monday. The move is the first concrete step that Comcast is taking to upend Disney’s deal […]
Read moreAs Berkshire Hathaway wraps up its event-filled annual shareholder meeting, CNBC’s Jim Cramer reflected on some of the weekend’s most interesting revelations. Warren Buffett, the CEO of Berkshire and a widely renowned investor, admitted on Saturday that he “made the wrong decisions on Google and Amazon,” having considered both stocks with his longtime partner, Charlie […]
Read moreAt its big conference for developers on Monday, Microsoft executives were showing what it will be like to live in a world infused with artificial intelligence. Cortana, the company’s digital assistant and its rival to Amazon Alexa and Apple’s Siri, is at the heart of Microsoft’s effort to embed voice and image recognition into more […]
Read moreDrive.ai, a California-based computer software company, will launch an autonomous car ride-hailing service in Texas. The pilot program begins in July, amid increased scrutiny over the safety of driverless cars. But Sameep Tandon, the company’s co-founder and CEO, said the fleet of cars has been tested and they are safe. He said the vehicles’ bright […]
Read moreYou can now use Amazon‘s Alexa instead of Google Assistant by default on your Android phone. The new option was noticed by a user on Reddit over the weekend. That means you can hold the home button and pull up Alexa. This is particularly compelling if you own an Amazon Echo at home, where you […]
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