Asian stocks looked set to follow Wall Street higher on Thursday, with the small-cap Russell 2000 notching a record close as the yield on the U.S. 10-year Treasury stayed above 3 percent. Nikkei futures traded in Chicago were up 0.5 percent at 22,830 compared to the benchmark’s previous close. Australian SPI futures were 0.18 percent […]
Read moreSometimes, CNBC’s Jim Cramer gets frustrated with how frequently stock market stories are framed as lose-lose situations for the bulls. From the marketwide panic around the 10-year U.S. Treasury yield crossing 3 percent to worries about rising oil prices to buzz around a strengthening dollar, Cramer argued that a lot of the negative headlines are […]
Read moreMiss your mother’s home-made soup? There’s an app where you can “rent a mum” to cook some for you. Need someone to courier a package at 2.30am? Looking for a pet dog for an Instagram project? There are apps for those too. The sharing economy has moved well beyond ride sharing and renting spare rooms. […]
Read moreBlizzard Entertainment’s Overwatch League, the first franchised esports league, kicked off its inaugural season earlier this year. Twelve teams from around the world compete every week in Burbank, California, at an arena that housed the stages for The Tonight Show with Johnny Carson and Jay Leno. Blizzard is entering a well-established market. Revenue in esports […]
Read moreWhen Jim Freeman, the Alexa VP in charge of messaging products, told Amazon he’s leaving for the German e-commerce company Zalando earlier this year, the higher-ups asked him to stay, according to a person familiar with the matter. Freeman didn’t budge, and in April he ended up joining the Berlin-based company. Freeman, who first joined […]
Read moreHere are four top stock ideas for the long haul from Morgan Stanley, including JP Morgan, Salesforce
Morgan Stanley revealed its 30 best long-term stock picks on Wednesday, predicting choppy, range-bound equity trading at the index level to come. “We have tried to identify the best franchises, not the most undervalued stocks,” Morgan Stanley’s research group wrote Wednesday. “The main criterion is sustainability — of competitive advantage, business model, pricing power, cost […]
Read moreThe National Highway Traffic Safety Administration on Wednesday confirmed it had launched an investigation of a Tesla crash in South Jordan, Utah. “Consistent with NHTSA’s oversight and authority over the safety of all motor vehicles and equipment, the agency has launched its special crash investigations team to gather information on the South Jordan, Utah, crash. […]
Read moreCisco stock fell more than 4 percent in after-market trading on Wednesday after the company reported better-than-expected earnings for its fiscal third quarter, which ended on April 28. Earnings: 66 cents per share, excluding certain items, vs. 65 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $12.46 billion, vs. $12.43 billion […]
Read moreThe Uber cybersecurity executive who was fired for his role in attempting to cover up a massive data breach last year is joining internet security start-up Cloudflare. Joe Sullivan, who also previously worked at Facebook, wrote in a blog post on Wednesday that he’s joining Cloudflare’s security team. A spokesperson said in an email that […]
Read moreArtists have to produce a lot more content to keep up in today’s streaming music industry, Grammy Award-winning singer Ashanti told CNBC on Wednesday. “You have to continue to put out new records. It’s way faster pace now. You can’t really wait because there are so many other artists dropping different things, the consumer will […]
Read more