Lachlan Murdoch will become chairman and CEO of the new Fox company that will be formed if the Disney-21st Century Fox merger is approved. But missing from the plans is James Murdoch, who is the current CEO of 21st Century Fox. A source told CNBC James is planning to lead the company through the transition, […]
Read morePresident Donald Trump said Wednesday “we’ll have to see” if a planned summit with North Korean dictator Kim Jong Un will still take place, as Pyongyang threatens to pull out of the meeting. Speaking to reporters at the White House, the president stressed he would still insist on the isolated regime dismantling its nuclear program. […]
Read moreA new blockchain exchange-traded fund launched Wednesday on the New York Stock Exchange. The REX BKCM ETF (BKC) holds shares of 32 companies working in cryptocurrencies or their underlying blockchain technology. The ETF is run by Rex Shares and actively managed by Brian Kelly, a CNBC contributor and head of BKCM, which runs a digital […]
Read moreIn this 2010 interview with CNBC, Facebook CEO Mark Zuckerberg talks about overhauling privacy controls on the social network. “This is a big misperception that people have about the site,” Zuckerberg told CNBC on May 26, 2010. “They think the more openly that people share information with everyone that that somehow helps us make more […]
Read moreMark Zuckerberg Tuesday declined an invitation to testify before UK officials, but he’s agreed to meet with the EU Parliament as soon as next week. “The Conference of Presidents has agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament,” […]
Read moreIntel’s problems in moving to its next generation chip manufacturing technology may be a boon for AMD’s sales, according to one Wall Street firm. Susquehanna raised its rating to neutral from negative and increased its price target for AMD shares, citing the company’s improving server chip sales. Intel revealed on its Apr. 26 earnings conference […]
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CNBC’s Jim Cramer on Wednesday praised Macy’s Chairman and CEO Jeffrey Gennette for the shakeup he brought to the department store chain since taking the helm 14 months ago. “He has a feel, he has an eye, he’s a merchant,” Cramer said on “Squawk on the Street.” “The stores have a better look and feel. […]
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ON MAY 11TH a Nigerian woman filed a lawsuit against United Airlines for removing her and her two children from a flight after a fellow passenger complained of her smell. Queen Obioma accuses the airline of singling her out “because of her black race and Nigerian citizenship”. The incident took place two years ago on […]
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“YOU only have one vote so use it wisely,” advised the captain of a lunchtime AirAsia flight from Singapore to Kuala Lumpur on May 9th. It was the third time he had reminded passengers of Malaysia’s election that day. Travellers delighted by the personal touch shook his hand as they disembarked. The pilot was not […]
Read moreMicrosoft is building a cheaper Surface tablet to compete against Apple’s iPad, according to Bloomberg. Microsoft has tried this before — and failed. Here’s what it needs to do to succeed. Microsoft’s Surface tablets, which run a full version of Windows, are excellent computers. They’re also very expensive. The Surface Pro starts at $799 and […]
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