Dwindling welfare payments and rising living costs mean that more and more people could find themselves reaching out to food banks in coming years, according to a new report from Oxford University. The research, the largest ever study of food bank use, found that four-fifths (78 percent) of food bank users in the U.K. find […]
Read moreTen years ago, on June 29 2007, Apple launched the original iPhone. At the time, BlackBerry, Palm and Windows Mobile smartphones ruled the market with QWERTY keyboards and styluses. Then Apple began selling the iPhone and the entire smartphone industry flipped on its head. Multitouch screens became the must-have on every smartphone, and consumers finally […]
Read moreApple’s iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here. Apple has sold more than 1 billion iPhones since June 29, 2007, but the first iPhone, which launched without an […]
Read moreTen years ago, on June 29, 2007, the first iPhone was released to the public. “iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone,” said Steve Jobs, then the CEO of Apple, in a statement announcing the new device. “We are all born with the ultimate […]
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Blue Apron’s sharply lower IPO price actually helps the company on its first trading day, analyst Kathleen Smith told CNBC on Thursday. The IPO market “discovered a much better price for Blue Apron. This will help the IPO trade well today. It needed this discount,” Smith, a manager of IPO-focused exchange-traded funds at Renaissance Capital, […]
Read moreThe rise of robots has long been a topic for sci-fi best sellers and video games and, as of this week, a threat officially taken seriously by central bankers. The bankers are not yet ready to buy into dystopian visions in which robots render humans superfluous. But, at an exclusive gathering at a golf resort […]
Read moreGoldman Sachs has downgraded its forecast for oil prices over the next quarter amid a sudden uptick in shale drilling and an unexpected surge in production from Libya and Nigeria. The investment bank now points to a three-month average of $47.50 per barrel for WTI crude, down from its previous estimate of $55.00 a barrel. […]
Read moreNEW YORK — In my review of the first iPhone 10 years ago, I called it a “glitzy wunderkind” and a “prodigy.” The thing about prodigies, no matter how gifted, is they often flame out. For all the hype that surrounded Apple’s prized new device, there was no guarantee in 2007 that it, too, wouldn’t […]
Read moreSerial entrepreneur Elon Musk says his ambitious tunnel-boring endeavor, aptly named The Boring Company, has officially started digging underneath Los Angeles. Musk announced the news on Twitter, where he said “Godot,” the Samuel Beckett-inspired name of the company’s tunnel boring machine, had completed the the first segment of a tunnel in the Southern California metropolis. […]
Read moreA clutch of next-generation leaders are helping chart the future of some of Asia’s wealthiest families and disproving the notion of millennials as the entitled generation. CNBC spoke to four such millennials as part of a panel discussion and found that while some are focused on sparking innovation in their legacy businesses, others weren’t averse […]
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