Comcast said Wednesday it is in “advanced stages of preparing” a “superior” all-cash offer for the parts of Twenty-First Century Fox that Rupert Murdoch’s company has agreed to sell to Walt Disney. Comcast, CNBC’s parent company, said in a statement that the offer would top the value of the deal with Disney, but no final […]
Read moreCommittees in the U.S. Senate and the House of Representatives voted on Tuesday to approve bills aimed at tightening oversight of foreign investment to slow China’s acquisition of sensitive U.S. technology. The Senate Banking Committee and the House Financial Services Committee approved laws that would strengthen the Committee on Foreign Investment in the United States […]
Read moreHewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by higher demand for its servers, storage and networking equipment. The company, created in 2015 from the breakup of Hewlett-Packard, said it now expects adjusted profit between $1.40 and $1.50 per share for 2018. The company had previously […]
Read moreAs a former CEO of Merrill Lynch, Smith Barney and Citi Private, Sallie Krawcheck has worked with all kinds of people. But there was still one group she said Wall Street has underserved: female investors. “It’s not … particularly surprising that industries that are dominated by men tend to do a better job for men,” […]
Read moreAfter U.S. crude oil prices hit a three-and-a-half-year high on Tuesday, CNBC’s Jim Cramer drilled down on why investors should’ve seen it coming. The “Mad Money” host pointed to an April conference call at oil giant Schlumberger led by its CEO, Paal Kibsgaard. On the call, Kibsgaard said that supply and demand were in balance, […]
Read moreRent the Runway may be a private company, but co-founder and CEO Jennifer Hyman told CNBC that people could benefit from viewing her retail disruptor like they view stocks. “People should think about their closets like they think about a stock portfolio,” Hyman told “Mad Money” host Jim Cramer on Tuesday. “There are things you […]
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Researchers at Carnegie Mellon University and ASU Tech have come up with an idea for a projector watch that turns your arm into a touchscreen. The LumiWatch prototype uses a built-in, 15-lumen laser projector to display a smartphone-sized interface on the user’s arm. It can be swiped and tapped like a traditional touchscreen. The watch […]
Read moreWith U.S. Treasury Secretary Steven Mnuchin admitting on CNBC that there are still some “significant” issues hindering a new NAFTA deal, CEOs like Union Pacific’s Lance Fritz are concerned. “I am worried about NAFTA just overall,” Fritz told “Mad Money” host Jim Cramer on Tuesday. “What concerns me right now is there seems to be […]
Read moreA warning about a “new” international scam targeting Chinese students in Australia was issued by the Australian Federal Police on May 14, 2018. In a typical scenario, students are contacted by someone pretending to be from the Chinese Embassy or Consulate telling them that they have been implicated in a serious crime in China or […]
Read moreConsumer Reports will re-evaluate Tesla‘s Model 3 if the electric car maker improves the vehicle’s braking distance, the publication’s director of automotive testing told CNBC on Tuesday. Tweets from Tesla CEO Elon Musk on Tuesday morning appear to show the automaker may take some steps to address the issue within days. It was was one […]
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