With the stock market locking in the largest weekly gain since March, CNBC’s Jim Cramer wondered if newfound optimism around trade and U.S.-China relations could continue. “To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North […]
Read moreCNBC’s Jim Cramer didn’t rename his dog Everest to Nvidia for nothing — he did it because the company is a “remarkable” leader in the world of computing chips, he said on Friday. “Nvidia’s a rescue dog, and I feel compelled today to rescue Nvidia, the company, from the narrative that I most feared: the […]
Read moreHere’s a round-up of the most important deals in venture capital from the past two weeks. Walmart is paying $16 billion for a 77% stake in India’s e-commerce leader Flipkart. Earlier investors in the company have included: Softbank Vision Fund, Tiger Global and Accel, among others. Morgan Stanley projects India’s e-commerce market to become a […]
Read moreSometimes, CNBC’s Jim Cramer finds it useful to compare two completely different companies to find out what works and what doesn’t in a given market environment. So, on Friday, the “Mad Money” host looked into the stocks and businesses of luxury retail play Michael Kors and beer brewer Molson Coors to see which one would […]
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With the stock market locking in the largest weekly gain since March, CNBC’s Jim Cramer wondered if newfound optimism around trade and U.S.-China relations could continue. “To some degree, I think that’s wishful thinking,” the “Mad Money” host admitted on Friday. “But, hey, wishful thinking worked when it came to the unlikely progress between North […]
Read moreVerily, the Alphabet company formerly known as Google Life Sciences, has been working for several years on a device that is designed to collect blood painlessly using a system of exploding micro-needles and magnets. The Silicon Valley team, which is run by Verily’s chief technical officer Brian Otis, has gone as far as to produce […]
Read moreFor nearly a decade, SpaceX evolved its Falcon 9 rocket every launch, trying to keep up with lead designer Elon Musk’s relentless pursuit of innovation. Until now. An enhanced version of Falcon 9 called Block 5 launched for the first time on Friday. Musk plans for this new rocket to achieve a host of new […]
Read moreAfter raising more money from top Silicon Valley investors, Robinhood has quadrupled its valuation in about a year to more than $5 billion. Less clear is how the operator of a commission-free stock trading app generates enough money to justify such a lofty amount. On Thursday, the start-up announced it raised $363 million in capital, […]
Read moreSpaceX founder Elon Musk took questions before the company launches the new version of its Falcon 9 rocket known as Block 5. Musk dove into a plethora of new information and technical data, detailing the goals and upgrades for the workhorse orbital-class rocket, which has become the company’s backbone. Here are a few highlights from […]
Read moreAs Silicon Valley technology executives have amassed enormous fortunes in recent years, one relatively obscure group — the Silicon Valley Community Foundation — has emerged as the local charity of choice. Facebook’s chief executive, Mark Zuckerberg, has donated stock worth more than $1.8 billion to the foundation. Reed Hastings, the founder and chief executive of […]
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