The smart money is betting Facebook will not suffer lasting effects from its Cambridge Analytica data scandal. Some of the biggest names in hedge funds bought Facebook shares in the March quarter, according to required 13F filings with the Securities and Exchange Commission. CNBC used Symmetric.io, a hedge fund tracking firm, to analyze the major […]
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Nvidia is down more than 5 percent from its recent high, but the charts suggest the hot chip stock’s rally is about to resume. According to Todd Gordon, founder of TradingAnalysis.com, Nvidia is one of the few stocks in the market right now worth a buy. He pointed to two bullish technical indicators that lead […]
Read moreSquare CEO Jack Dorsey wants his company to be at the forefront of getting cryptocurrency accepted as legitimate means of global payment. “The internet is going to have a native currency so let’s not wait for it to happen, let’s help it happen,” Dorsey said on stage at the Consensus blockchain conference in New York […]
Read moreAlmost four months ago, Amazon, Berkshire Hathaway and J.P. Morgan Chase announced a bold new partnership aimed at bringing down the costs of health care. But ABC, as the group is known, has encountered a surprising challenge filling the CEO spot. The search for a person to lead ABC began around the time of the […]
Read moreSince 2016, more than two dozen senior executives have left Elon Musk‘s electric vehicle company, Tesla. The stream of exits begs the question: What’s it like to work for the billionaire boss? The president and chief operating officer of another one of Musk’s companies, SpaceX, who’s worked with the iconic entrepreneur for more than a […]
Read moreLachlan Murdoch will become chairman and CEO of the new Fox company that will be formed if the Disney-21st Century Fox merger is approved. But missing from the plans is James Murdoch, who is the current CEO of 21st Century Fox. A source told CNBC James is planning to lead the company through the transition, […]
Read moreA new blockchain exchange-traded fund launched Wednesday on the New York Stock Exchange. The REX BKCM ETF (BKC) holds shares of 32 companies working in cryptocurrencies or their underlying blockchain technology. The ETF is run by Rex Shares and actively managed by Brian Kelly, a CNBC contributor and head of BKCM, which runs a digital […]
Read moreIn this 2010 interview with CNBC, Facebook CEO Mark Zuckerberg talks about overhauling privacy controls on the social network. “This is a big misperception that people have about the site,” Zuckerberg told CNBC on May 26, 2010. “They think the more openly that people share information with everyone that that somehow helps us make more […]
Read moreMark Zuckerberg Tuesday declined an invitation to testify before UK officials, but he’s agreed to meet with the EU Parliament as soon as next week. “The Conference of Presidents has agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament,” […]
Read moreIntel’s problems in moving to its next generation chip manufacturing technology may be a boon for AMD’s sales, according to one Wall Street firm. Susquehanna raised its rating to neutral from negative and increased its price target for AMD shares, citing the company’s improving server chip sales. Intel revealed on its Apr. 26 earnings conference […]
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