Apple had already curtailed its grand vision for disrupting the automotive industry by building its own self-driving car. Now the tech giant has narrowed its auto aspirations even further. For the past several years, Apple sought partnerships with the luxury carmakers BMW and Mercedes-Benz to develop an all-electric self-driving car, according to five people familiar […]
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In an emotional market where investors struggle to process the White House newsflow, CNBC’s Jim Cramer likes to fall back on the technicals to find actionable opportunities. “In the stock market, emotional decisions tend to be bad decisions,” the “Mad Money” host warned. “So we need to do everything we can to check our emotions […]
Read moreTop U.S. cryptocurrency exchange Coinbase announced it would acquire trading platform Paradex in the start-up’s latest attempt to stay ahead in an increasingly competitive crypto economy. The San Francisco-based company, which landed at the No. 10 spot on the 2018 CNBC Disruptor 50 list, is also overhauling its flagship trading platform GDAX designed for professional […]
Read moreImagine a world where your entry ticket to an event, or boarding pass for a flight, or your form of payment for a good or service, was invisible data transferred by way of sound waves. That world is already here, and it’s exactly what Rodney Williams is doing at the company he founded, LISNR, a […]
Read moreThe eruption of the Kilauea volcano on Hawaii’s Big Island will certainly hurt the island’s economy – but it doesn’t necessarily have to, one local business owner told CNBC on Wednesday. The Hawaii Volcanoes National Park, a popular tourist destination, has been shut down since the volcano began spewing lava and toxic gases earlier this […]
Read moreThinx CEO Maria Molland Selby wants to change the way women think about feminine hygiene products. The company, ranked No. 37 on CNBC’s sixth annual Disruptor 50 list, makes a line of panties that look like regular underwear but can replace or reinforce traditional period products. However, Thinx was plagued by controversy last year when […]
Read moreRide-hailing company Uber claims strong revenue growth and reduced losses in the first quarter, while also announcing a tender offer from new and existing investors that would value it at $62 billion. Uber told CNBC it had net revenue of $2.5 billion, up 67 percent year-over-year, on gross sales of $11.3 billion, an increase of […]
Read moreAre you sitting on a forgotten-gadget goldmine? Dusty video game systems, old TVs and record players, and abandoned iPods often seem like trash. Except they aren’t. “Vintage electronics are hot sellers,” says Jordan Barnes, senior director for resale app Mercari. “There’s an increasingly hot secondary market for old-school electronics.” For instance, over the past 90 […]
Read moreElon Musk is not happy with Tesla’s recent media coverage, to put it mildly. The Tesla CEO said on Twitter on Wednesday that the public no longer respects “big media companies” because they “claim to the truth, but publish only enough to sugarcoat the lie.” Musk He also said President Donald Trump was elected because […]
Read moreSomebody has a lot of explaining to do. Yes, officials in Lake Worth, Fla., a city next to Palm Beach, are trying to find out who sent out a cellphone alert warning of a zombie attack. Lake Worth spokesman Ben Kerr told the Palm Beach Post that an independent investigation is underway to determine who […]
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