World Wrestling Entertainment is talking to other networks about its “Smackdown” television franchise, according to The Hollywood Reporter. “WWE’s Smackdown is being shopped to various networks after NBCUniversal — whose USA Network airs the highly rated pro wrestling matches — declined to re-up its deal,” the report said. “NBCU is said to be focusing on […]
Read moreNorth Korea’s chief negotiator called the South Korean government “ignorant and incompetent” on Thursday, denounced U.S.-South Korean air combat drills and threatened to halt all talks with the South unless its demands are met. The comments by Ri Son Gwon, chairman of North Korea’s Committee for the Peaceful Reunification of the country, were the latest […]
Read moreElectric car company Tesla may require as much as $10 billion in additional capital by 2020 to fund the company’s operations, according to Goldman Sachs. “We believe this level of capital transactions may be funded through multiple avenues, including new bond issuance, convertible notes, and equity,” analyst David Tamberrino wrote in a note to clients […]
Read moreApple’s potential role in delivering health records to consumers was underscored this week by a government watchdog report that showed how costly and complex it is for patients to retrieve their most sensitive data. In a 25-page report about the “fees and challenges” that patients face in getting their medical records, the Government Accountability Office […]
Read moreCoca-Cola shares will rise due to its new business turnaround plans, according to one Wall Street firm. Barclays raised its rating to overweight from equal weight for Coca-Cola shares, saying its new product changes will lead to sales growth next year. “KO is executing a thoughtful business transformation that’s among the most comprehensive we’ve seen,” […]
Read morePeris Bosire and Rita Kimani should by all rights have had venture capitalists knocking down their door. Computer science graduates of a top university, they have a growing fintech start-up with a product that could reach 50 million people. Oh, and their idea could help feed the world, or at least a continent. But there […]
Read moreToday, Steve Jobs is regarded as the brilliant mind behind Apple, the most valuable company in the world. But in 1976, when Jobs was in his early 20s, he made a much different impression: He seemed to be “flaky,” and a “joker.” That’s according to letters written by Mike Rose, a Silicon Valley advertising executive […]
Read moreCurrency, United States Finance
Two-thirds of global population will live in cities by 2050, UN says
Two-thirds of the world’s population will be living in cities by 2050, the United Nations has projected, with India, China and Nigeria set to drive a surge in urbanization. Today, around 55 percent of the world’s population is thought to be living in an urban area or city, with that figure set to rise to […]
Read moreSteve Eisman, the investor whose forecast of the financial crisis was depicted in “The Big Short,” criticized a German bank and digital currencies on CNBC’s “Squawk Box” Thursday. The Neuberger Berman portfolio manager confirmed his fund is short Deutsche Bank. “Deutsche Bank has a very simple problem. It doesn’t make money. That’s a pretty shocking […]
Read moreCheck out the companies making headlines before the bell: Walmart – The retail giant reported adjusted quarterly profit of $1.14 per share, 2 cents share above estimates. Revenue also beat forecasts. US comparable-store sales were up 2.1 percent, beating consensus estimates. Cisco Systems – Cisco reported adjusted quarterly profit of 66 cents per share, a […]
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