ARE you on America’s newest airport-security watch list? You could be, but you would never know. That is because the list is secret, and no one quite understands what it takes to land on it. News of the list emerged earlier this month, when the New York Times obtained a five-page internal directive from the […]
Read moreGas prices are the highest they’ve been in four years, and Uber and Lyft drivers are feeling the pinch. Ride-share drivers are responsible for operating expenses like car maintenance and gas. CNBC spoke with drivers, who say that higher costs at the pump are an increasing concern. Fernando Felicio moved to San Francisco from New […]
Read moreWeighing in on tech regulation from Recode’s Code Conference on Wednesday, Zillow CEO Spencer Rascoff rushed to Facebook‘s defense. He said the social network shows evidence of a “cultural shift,” and executives are now more wary of the negative potential of their creation. In an interview on Tuesday with Recode’s Kara Swisher, Facebook COO Sheryl […]
Read moreTarget shares will rise as the discount retailer benefits from aging demographics, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for the retailer and added the stock to its US1 top ideas list. “We believe the company should benefit from the discount store cycle … given our view that TGT’s […]
Read moreA dissident Russian journalist who was reported murdered in Kiev dramatically reappeared alive on Wednesday in the middle of a briefing about his own killing by the Ukrainian state security service. Ukrainian authorities had said on Tuesday that Babchenko, a 41-year-old critic of President Vladimir Putin and of Russian policy in Ukraine and Syria, had […]
Read moreCurrency, United States Finance
The current outlook for growth is bright, but specific risks could endanger long-awaited progress, according to a report released Wednesday by the Organization for Economic Cooperation and Development (OECD). Global gross domestic product (GDP) growth is nearing the long-term average of 4 percent, the “cruising speed” reached before the financial crisis, the OECD’s 2018 Economic […]
Read moreFormer Walmart U.S. chief Bill Simon on Wednesday slammed Amazon for using cloud and ad revenues to support what he called meager retail profits. Walmart “went out head to head, knuckle to knuckle and won market share in retail by executing a business model that customers wanted,” said Simon, in an interview with CNBC’s “Squawk […]
Read moreWASHINGTON — Fei-Fei Li is among the brightest stars in the burgeoning field of artificial intelligence, somehow managing to hold down two demanding jobs simultaneously: head of Stanford University’s A.I. lab and chief scientist for A.I. at Google Cloud, one of the search giant’s most promising enterprises. Yet last September, when nervous company officials discussed […]
Read moreQualcomm recently announced its XR1 “extended reality” platform that will allow companies like Facebook to make more advanced portable virtual reality headsets that you can take anywhere. Facebook‘s new portable Oculus Go headset, for example, is the best portable virtual reality solution on the market right now. But it uses an older Qualcomm Snapdragon 821 […]
Read moreE-scooter start-up Bird is the burgeoning industry’s first unicorn, with a recent funding round that values the company at $1 billion, according to a Bloomberg report. The start-up is raising $150 million in a round led by Sequoia Capital, the business news site said citing anonymous sources. Bird may raise more money in the new […]
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