The global financial meltdown that led to the Great Recession could have been mitigated if the Federal Reserve had “slashed rates more dramatically” at the time, CNBC’s Jim Cramer said, reflecting on his famous 2007 “they know nothing” Fed rant. Cramer recalled on Thursday, 10 years to the day, that he didn’t plan it. “The […]
Read moreAndy Hall, a trader nicknamed the “God” of the oil and energy markets, is reportedly closing down his main hedge fund, Astenbeck Capital Management. The hedge fund posted large losses in the first half of the year, according to a Bloomberg report. The flagship fund, Astenbeck Master Commodities Fund II, has tanked nearly 30 percent […]
Read more“Alexa, ask Trackr to find my phone.” Device-monitoring app Trackr on Tuesday announced it has secured $50 million in its latest round of funding, which included dollars from the Amazon Alexa Fund, among other investors. “The Alexa Fund came to us after we created this skill [for Alexa-capable devices],” Trackr CEO Chris Herbert told CNBC’s […]
Read moreActivist hedge fund manager Dan Loeb, who’s more than doubled the S&P 500’s return over the last two decades, is beating the market again this year while most of his big-name peers are struggling. But the Wall Street titan admitted Thursday his strong performance was partly due to good fortune. Earlier this year the manager […]
Read morePresident Donald Trump has backed a new immigration proposal to make immigration more “merit-based,” but one technology executive said the policy could actually make it harder for American companies to compete for talent. “We go through ridiculous interview processes to try to find precisely the right people,” former Twitter CEO Dick Costolo told CNBC’s “Squawk […]
Read moreWhile some people love to chatter about a looming “retail apocalypse,” Goldman Sachs says not so fast. On Thursday, the firm offered up a number of reasons why physical retail can and will live on. Store-based retailers must approach the current situation — a rapidly evolving environment — with a fresher approach and a strategy […]
Read moreThe Tesla Model 3 means many things to many people: an affordable electric car; an overpriced and overhyped tech product; a somewhat ergonomically awkward people mover; the beginning of the self-driving future; a key link in a sustainable-energy model that extends far beyond cars. There’s another thing that Elon Musk’s electric-car company represents to experts […]
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Thanks to a recent decline in companies’ capital investments, the record high stock market may still be one to buy, Goldman Sachs said. The “S&P 500 is expensive according to most valuation metrics, but appears attractively valued on free cash flow yield due to reduced capex investment,” David Kostin, chief U.S. equity strategist at Goldman […]
Read moreElectronic Arts announced on Thursday that “NBA LIVE 18,” the latest from EA Sports’ long-running basketball video game series, will include teams and players from the Women’s National Basketball Association (WNBA) when it debuts this fall. The release from EA Sports’ Orlando, Florida-area studio, EA Tiburon, will be the first video game to feature the […]
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THE modern pharmaceutical firm lives or dies on the strength of its drug portfolio. As patents expire on lucrative medicines, they must replace the income that has been lost by inventing new drugs, or buying them in from outside. Both paths are expensive. But the costs of failure are greater, and this is how it […]
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