Asian stocks looked set to edge higher on Tuesday despite continued investor concerns about a trade war between the U.S. and China. Nikkei futures traded in Chicago were higher by 0.06 percent compared to the benchmark’s Monday close. Australian SPI futures were up by 0.57 percent at the end of the last session. U.S. stocks […]
Read moreThe Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration. The so-called National Defense Authorization Act, or NDAA, which passed with 85 votes in favor and just 10 against, will now be conferenced with another version from the House […]
Read moreThe fact that so few stocks have been driving the market’s latest advance has CNBC’s Jim Cramer worried. “[It’s] beginning to call into question whether we have an advance at all,” the “Mad Money” host said Monday. “Yes, it’s this small, this weak, this pathetic and this limited to FANG and friends and some of […]
Read moreThe slew of technology-focused initial public offerings this year has CNBC’s Jim Cramer focused on a key question: how hot is too hot when you’re invested in a red-hot IPO? As businesses increasingly find themselves in need of enterprise-level software, a host of tech companies like DocuSign and Zuora have come public in the last […]
Read moreTesla CEO Elon Musk sent an email to all employees on Monday morning about a factory fire, and seemed to reference possible sabotage. Now, CNBC has learned that Musk also sent an e-mail to all employees at Tesla late on Sunday night alleging that he has discovered a saboteur in the company’s ranks. Musk said […]
Read moreTesla continues to struggle with fires at its electric vehicle plant in Fremont, California, according to correspondence reviewed by CNBC on Monday. Tesla CEO and chairman Elon Musk sent an email to employees on Monday morning explaining that the factory had to stop their “body production line” for several hours on Sunday night due to […]
Read moreMicrosoft on Monday faced criticism about its work with U.S. Immigration and Customs Enforcement as the agency came under fire because of separations of immigrant children and their parents at U.S. borders. The issue reflects the challenge that tech companies face as they seek to gain big customers. Microsoft, Google and Amazon are all working […]
Read moreSnap CEO Evan Spiegel faced widespread criticism of the Snapchat app’s infamous redesign early this year, including from his own wife, supermodel Miranda Kerr. Kerr tipped Spiegel off on the public outcry to come. “I wasn’t too surprised, because my wife, the first thing she said was ‘what are you doing?'” he told CNBC’s Julia […]
Read moreSwiss financial services giant UBS Group may not be a fan of bitcoin but CEO Sergio Ermotti believes blockchain, the technology behind cryptocurrencies, is “definitely an opportunity” in the long term. “It’s almost a must. The freeing up of resources to become more efficient will come through technology and blockchain is a great way to […]
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Bitcoin spiked suddenly Monday afternoon following news users of the “Cash” mobile payments app could trade the cryptocurrency in New York. The largest cryptocurrency by market capitalization gained more than 4.5 percent to $6,793, its highest since Tuesday, according to CoinDesk’s bitcoin price index. Bitcoin was trading near $6,732 as of 2:26 p.m. ET. Cash […]
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