Asian markets looked set for a mixed start on Tuesday after Wall Street notched gains on the back of an apparent cooling in recent U.S.-China trade tensions. Nikkei futures traded in Chicago were higher by 0.05 percent compared to the index’s Monday close at 23,015 while Australian SPI futures were lower by 0.21 percent at […]
Read moreAfter news that the United States and China reached a momentary truce on trade pushed stocks higher on Monday, CNBC’s Jim Cramer broke down some of the side effects of better relations. “Right now, many of our companies are forced to have these 50-50 joint ventures with local Chinese affiliates if they want to operate […]
Read moreEpic Games’ “Fortnite” has taken the world by storm, slashing gaming giant Activision Blizzard’s market value by billions and becoming the biggest esport on the planet. But if you ask Strauss Zelnick, the chairman and CEO of video game developer Take-Two Interactive Software, the free-world, survival-based mega-hit is actually helping the industry. “There seems to […]
Read moreMicron Technology shares spiked nearly 4 percent in after-hours trading after it announced a deal with Intel to make and ship the next generation of chips used in flash drives and digital cameras. And then came news that Micron would buy back $10 billion in shares. It was already a good day for Micron. Shares […]
Read morePeter Navarro, one President Donald Trump‘s top trade advisors, recommended a man identified by some news outlets as an FBI informant for a top Trump administration job, Axios reported Monday. Navarro floated Stefan Halper’s name for unidentified ambassadorships in Asia, according to the news outlet. Navarro, a harsh critic of China, knew Halper, an academic […]
Read moreOn Monday, Netflix announced that the newest contributors to its streaming platform would be former U.S. president Barack Obama and former first lady Michelle Obama. The news comes less than two years after Mic first reported that Obama had plans to continue a career in digital media after his presidency and only months after Barack […]
Read moreThe Trump Administration’s economic policies remind me of the Al Pacino film, “Dog Day Afternoon.” It was based on the true story of a bank robbery gone bad, largely because of the slap-dash approach to the crime, the lack of contingency planning and the fundamental incompetence of the two hapless criminals, Sonny and Sal, who […]
Read moreOne analyst says “there’s zero empirical evidence” that Google acts as a monopoly and does real harm, even though “60 Minutes” put the search engine back in the antitrust cross hairs. “We need to be extraordinarily careful before we think about heavily regulating them — breaking them up,” James Pethokoukis of the American Enterprise Institute […]
Read moreTesla CEO Elon Musk revealed that the standard version of the Model 3 — priced at $35,000 — is still a long way off. Making them today would be a money-losing proposition and pose an existential crisis for Tesla, he suggested on Twitter this weekend. tweet When Tesla first unveiled its Model 3 in 2016, […]
Read moreShares of e-commerce platform Shopify plunged as much as 5 percent after Adobe announced the acquisition of rival e-commerce platform Magento Commerce. Adobe said on Monday that it’s paying $1.68 billion for Magento. Magento is a cloud-based e-commerce service used by companies including Coca-Cola, Warner Brothers Music, Canon, and Nestle. Businesses use Magento and Shopify […]
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