The chance of a government shutdown in the fall, should Congress fail to reach an agreement around the debt ceiling, may cause a surge in market volatility ahead. While strategists and economists largely argue that the government is likely to avoid a shutdown, as the debt limit is a perennial issue, such a shutdown would […]
Read moreA retail relief rally is underway as the sector’s earnings reports come in better than expected, so CNBC’s Jim Cramer found three key strategies that helped retailers skirt Amazon’s influence. “In the last 24 hours, we’ve … seen three different ways to beat Amazon at its own game: the Williams-Sonoma way, the PVH way and […]
Read moreAs Congress’ debate on tax reform continues and the risk of a government shutdown grows, Intuit CEO Brad Smith told CNBC that his tax-handling giant would do its part in the meantime. “We’re excited about tax simplification. We’ve been working really hard for years to try to make it happen, but in the absence of […]
Read moreOn a day when the stock market remained fairly flat, CNBC’s Jim Cramer wondered why the week’s rally seemed to have tapered out after several days of steady rise. “There’s plenty of gremlins at play here that seem to counteract the positives that might let us go higher,” the “Mad Money” host said. “Why don’t […]
Read moreHumans of New York, a blog that features photos and short as-told-to biographies of everyday people, is getting its own TV show on Facebook’s Watch platform. The project, which has more than 17.5 million followers on its Facebook page, is being turned into a 30-minute episodic TV show of the same name. The series will […]
Read moreJefferies downgraded Twitter shares to hold from buy Thursday based on the view that there are “better social plays elsewhere.” “TWTR’s global platform has broad user engagement, but monetization is slipping,” Brent Thill and a team of equity analysts said in a note. “In social we see a clear winner in FB.” Shares fell more […]
Read moreBenchmark Capital called ousted Uber Technologies Chief Executive Travis Kalanick a “corrosive influence” on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick’s presence on Uber’s board. The dispute could determine who wields power at Uber as the world’s largest venture-backed company looks for […]
Read moreApple will unveil an updated version of its Apple TV with support for 4K content in September, Bloomberg said on Thursday. The new 4K Apple TV will reportedly be unveiled during the same event that Apple introduces the iPhone 8 and a new Apple Watch. Apple will likely talk more about its new software updates […]
Read moreTesla next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Chief Executive Elon Musk has promised to release a prototype of its Tesla Semi […]
Read moreStocks of major food retailers collapsed Thursday, erasing at least $10 billion in market value, after Amazon said Whole Foods Market will cut prices on many of its best-selling grocery products in just four days. That’s when Jeff Bezos’ company is set to close its $13.7 billion acquisition of the high-end food retailer, the largest […]
Read more