Chinese users had trouble using the popular WhatsApp instant messaging tool on Tuesday, with many fearing it is the latest victim of Beijing’s internet clampdown. Most of the affected users said they could not send or receive photos using the chat app, which is owned by Facebook, without a virtual private network. VPNs are used […]
Read moreEmbattled Chinese internet conglomerate LeEco has been branded a “Ponzi scheme” in an online comment made and endorsed by some of the country’s leading lights in technology. The debt-ridden group of technology companies founded by billionaire Jia Yueting declined to comment on the scathing critique posted by Tencent co-founder Zeng Liqing, and “liked” by the […]
Read moreAustralia on Wednesday ordered the country’s biggest banks to raise capital for the second time in two years and signalled further action to shore up their burgeoning mortgage books, potentially squeezing shareholder returns. The banking regulator said it would release a discussion paper later this year to include risk weights on mortgages among other changes, […]
Read moreThis article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. China’s shift from a country that copies ideas from the West to a tech and innovation powerhouse is no longer an aspiration — it’s a fact. That was the repeated conclusion last week at one of […]
Read moreOne Medical, the venture-backed primary care group with 60 clinics nationwide, has tapped an executive from health insurance giant UnitedHealth Group to be its new CEO. Amir Rubin, the executive vice president and CEO of Optum, a division of UnitedHealth, was named to the top post on Tuesday, One Medical told CNBC. Tom X. Lee, […]
Read moreChina’s Dalian Wanda Group did not fund a spate of deals made by AMC Entertainment Holdings, the U.S. cinema chain majority owned by Wanda said late on Tuesday, after reports that Beijing was cracking down on the Chinese firm’s overseas deals. AMC’s shares dived over 10 percent on Monday after sources said regulators in China […]
Read moreThe GOP’s failure to pass health care reform has shaken the market, so much so that Jim Cramer made the case for cordoning off Wall Street from Main Street. While Wall Street obsesses over the FANG stocks, Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet, for being the few plays immune to Washington’s […]
Read moreIn light of Netflix’s strong earnings report, Jim Cramer knows CEO Reed Hastings understands three things: content can be king, people love bargains, and bigwig money managers will invest in internet stocks with promise. “Netflix is, to the naked eye, a two-pronged success. If your company can produce local content that people love worldwide and […]
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The technology sector may be seen by the stock market as the hotbed of growth and the rally’s main driver, but Jim Cramer wanted to put its performance into context. “It’s not like tech is vaulting into the stratosphere while everything else does nothing,” the “Mad Money” host said. “What we have here is a […]
Read moreThe GOP’s failure to pass health care reform has shaken the market, so much so that Jim Cramer made the case for cordoning off Wall Street from Main Street. “I want to cordon off Cramerica and do it today. … Today’s breakdown of the GOP’s most bedrock campaign promise, repealing and replacing Obamacare, has cast […]
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