At Tesla‘s annual shareholder meeting in Mountain View, California, on Tuesday, co-founder and CEO Elon Musk responded to a question about missed Model 3 production targets with, in part, a story about his childhood. “I think I do have like an issue with, uh, time. It’s been true since…” Musk says, interrupting his own sentence. […]
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Netflix is hovering near highs after an unstoppable rally this year. A 90 percent run-up has put it at stratospheric heights, says one strategist, but the technicals suggest the sky’s the limit for the tech sector high-flyer. Its massive rally has made for some eye-popping levels on the stock’s chart, Matt Maley, equity strategist at […]
Read moreDiversity was a hot-button topic at Alphabet’s annual shareholder meeting on Wednesday. Two proposals called for an increase in diversity within the company, though from vastly different perspectives. In an unusual move, a Google engineer presented the first proposal on behalf of Zevin Asset Management. The proposal, which was voted down, called for Alphabet’s executive […]
Read moreThere’s always been this suspicion that Apple — and other gadget makers — purposefully slow down products over time so that you’re forced to buy new ones. This week, with its new iPhone software, Apple showed users that it really isn’t trying to force them to buy a new iPhone instead of hanging on to […]
Read moreAmid the incessant geopolitical tumult coming out of Washington and elsewhere, tech stocks have served as an island to which investors have been able to retreat and earn outsized returns. In fact, there’s an argument to be made that the sector actually has benefited from some of the more prominent headline risks. Tech stands to […]
Read moreWhile Microsoft is spending billions on acquisitions, employees aren’t seeing such generosity in their paychecks. According to an annual companywide survey, obtained by CNBC, Microsoft employees said they’re less fairly paid in 2018 than they were in any of the past three years. When asked if “total compensation (base pay, bonus, equity) is competitive compared […]
Read moreFormer Qualcomm CEO Paul Jacobs is starting a new company with two ex-Qualcomm executives that will focus on next-generation wireless technology. The start-up engineering company, called XCOM, will invest and develop technologies to tackle important 5G problems, such as low latency and greater reliability. Jacobs is the new company’s CEO and chairman and is joined […]
Read moreShares of Alphabet fell Wednesday following a report that European Union officials will hit the company with “negative result” and a fine of up to $11 billion for abusing its dominance through the Android mobile operating system. The ruling from EU commissioner Margrethe Vestager could come within weeks, the Financial Times reported, citing unnamed sources. […]
Read moreMoney management firm VanEck is trying again for a bitcoin exchange-traded fund. On this third attempt, the company is teaming up with blockchain company SolidX and basing the fund on actual bitcoins rather than futures. Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with […]
Read more[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump‘s top economic advisor Larry Kudlow on Wednesday is expected to lead a press briefing at the White House on the upcoming G7 Summit. Kudlow, the director of […]
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