Apple said on Wednesday that it is giving a $50 credit to customers who had to pay for a battery replacement if their iPhone 6, or a later model, was out of warranty before Apple began offering discounted battery replacements in store. The credit is available to owners of iPhone 6 or newer models who […]
Read moreCurrency, United States Finance
Sanctions are a ‘ridiculous thing’ and companies are still happy to invest in Russia, sovereign wealth fund chief says
U.S. sanctions haven’t scared off international businesses from investing in the Russian Federation, the head of Russia’s investment fund said at the St. Petersburg International Economic Forum on Wednesday. “Existing restrictions don’t preclude from co-investing with us, from meeting with us,” Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF) told CNBC’s […]
Read moreNetflix may be worth a lot more than HBO owner Time Warner, but HBO creative consultant Frank Rich says HBO has Netflix beat as far as quality of content and transparency for creators. “Our point about HBO is, we don’t dump everything out there,” Rich said on CNBC’s “Squawk Alley.” “And a lot of Netflix […]
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FEW firms have more power to heat up the cauldron of global geopolitics than Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to […]
Read morePeloton CEO and co-founder John Foley told CNBC’s “Squawk on the Street” on Wednesday that the company is “weirdly profitable.” “It’s a beautiful business model. Our investors are happy,” said Foley, whose company was ranked No. 20 on CNBC’s 2018 Disruptor 50 list. Foley said it’s not weird to him that Peloton is profitable, rather […]
Read moreFacebook CEO Mark Zuckerberg stayed pretty quiet during a meeting with members of the European Parliament, but the EU leaders sure didn’t. Zuckerberg was invited to meet with EU leaders on Tuesday to “clarify issues related to the use of personal data.” EU representatives pitched tough questions on shadow profiles, data tracking and Facebook’s market […]
Read moreThe FBI reportedly overstated encryption threat figures to both Congress and the public due to a programming error, according to The Washington Post. The bureau claimed that investigators were locked out of about 7,800 mobile devices connected to criminal investigations. The more accurate number, however, is likely between 1,000 to 2,000 devices, the Post reported. […]
Read moreApple still makes the bulk of its money selling iPhones. But in trying to show investors that it can thrive in high-margin software, the company has built a services unit that’s now approaching $40 billion in annual revenue. But it’s leaving money on the table by failing to embrace the biggest trend in the software […]
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Russia's central bank governor touts Moscow alternative to SWIFT transfer system
Russia has developed its own system for financial transfers that would protect it from a potential shutout of the SWIFT global transfer system in the event of harsher U.S. sanctions, its central bank governor said Wednesday. But analysts have questioned the viability of Moscow’s transfer system. “There are risks in using the global financial networks, […]
Read moreCNBC’s Jim Cramer said Wednesday that he wouldn’t count out Comcast Chairman and CEO Brian Roberts on a successful bid for Twenty-First Century Fox assets just yet. “What Brian Roberts wants he tends to get,” Cramer, whose charitable trust owns shares of Comcast, said on “Squawk Box.” He added that he hopes a Fox deal […]
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