Malaysia’s Prime Minister Mahathir Mohamad said on Wednesday that the new government will look to cut down the country’s debt which amounts to 1 trillion ringgit, by aborting or reviewing some projects and cutting salaries of cabinet ministers. Mahathir also said the national debt is 65 percent of the GDP. Ousted premier Najib Razak has […]
Read moreCash is still the biggest competition for the growing number of digital payments companies and it will not go away anytime soon, according to the chief technology officer at PayPal. Many companies are trying to create a digital payments economy but they face stiff competition from an existing mode of payment, according to Sri Shivananda, […]
Read moreSoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.S. retailer’s largest-ever deal. A SoftBank spokesman declined to give further details. SoftBank CEO Masayoshi Son […]
Read moreAs a former CEO of Merrill Lynch, Smith Barney and Citi Private, Sallie Krawcheck has worked with all kinds of people. But there was still one group she said Wall Street has underserved: female investors. “It’s not … particularly surprising that industries that are dominated by men tend to do a better job for men,” […]
Read moreFutures tipped a lower open for Asian stocks on Wednesday after U.S. stocks fizzled on the back of U.S. President Donald Trump’s remarks that he was “not satisfied” with the latest round of trade talks with China. Nikkei futures traded in Chicago were lower by 0.2 percent compared to the index’s last close. Australian SPI […]
Read moreAfter U.S. crude oil prices hit a three-and-a-half-year high on Tuesday, CNBC’s Jim Cramer drilled down on why investors should’ve seen it coming. The “Mad Money” host pointed to an April conference call at oil giant Schlumberger led by its CEO, Paal Kibsgaard. On the call, Kibsgaard said that supply and demand were in balance, […]
Read moreRent the Runway may be a private company, but co-founder and CEO Jennifer Hyman told CNBC that people could benefit from viewing her retail disruptor like they view stocks. “People should think about their closets like they think about a stock portfolio,” Hyman told “Mad Money” host Jim Cramer on Tuesday. “There are things you […]
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Researchers at Carnegie Mellon University and ASU Tech have come up with an idea for a projector watch that turns your arm into a touchscreen. The LumiWatch prototype uses a built-in, 15-lumen laser projector to display a smartphone-sized interface on the user’s arm. It can be swiped and tapped like a traditional touchscreen. The watch […]
Read moreWith U.S. Treasury Secretary Steven Mnuchin admitting on CNBC that there are still some “significant” issues hindering a new NAFTA deal, CEOs like Union Pacific’s Lance Fritz are concerned. “I am worried about NAFTA just overall,” Fritz told “Mad Money” host Jim Cramer on Tuesday. “What concerns me right now is there seems to be […]
Read moreA warning about a “new” international scam targeting Chinese students in Australia was issued by the Australian Federal Police on May 14, 2018. In a typical scenario, students are contacted by someone pretending to be from the Chinese Embassy or Consulate telling them that they have been implicated in a serious crime in China or […]
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