Tencent reported first quarter earnings on Wednesday that beat market expectations, fueled by its booming gaming business. Shares in Asia’s second-most valuable public company were under pressure coming into the earnings report, with investors fearing potentially lower margins and increasing costs. But the Chinese technology giant dispelled those fears. Here’s how it did: Revenues totaled […]
Read moreGeorge Soros‘ investment firm bought a large amount of Tesla bonds in the first quarter of 2018, giving the under pressure electric carmaker a major backer, a regulatory filing shows. Soros Fund Management bought $35 million worth of convertible notes, which are bonds that can be converted into a specified number of common stock, according […]
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If you’re planning to go to Japan by yourself, fear not, RoBoHon is here. This humanoid robot can hold short conversations with humans and is marketed in Japan as a device that could possible replace your cellphone. Now, it’s available for tourists, too. CNBC recently went to Tokyo, Japan, where the robot is available for […]
Read moreArtificial intelligence will one day be smarter than humans, but there’s no reason to fear the technology, according to a pioneer in AI technologies. “I’ve been working on [AI] for several decades, since the eighties basically, and I still believe it will be possible to witness that AIs are going to be much smarter than […]
Read moreWalmart and Hudson’s Bay’s Lord & Taylor are preparing to roll out a new shopping experience on Walmart.com. Set to launch in phases in the coming weeks, the “store within a store” on Walmart’s website will feature more than 125 brands sold at Lord & Taylor, including Tommy Bahama, Vince Camuto and Lucky Brand. The […]
Read moreThe next phase of Amazon‘s union with Whole Foods has begun. Starting Wednesday, Amazon Prime members in Florida will get an additional 10 percent off Whole Foods products that are already discounted. The grocer typically has hundreds of products on sale at a time. It is also offering weekly deep discounts on some of its […]
Read moreIn an industry that’s constantly changing, it can be difficult to pin down exactly what it takes to succeed. Yet, being able to embrace that uncertainty and use it to your advantage could be half the battle won, according to tech experts. Doniel Sutton, global head of people at digital payments company PayPal, says that […]
Read moreWhile CNBC’s Jim Cramer is confident about the future of FANG, his acronym for the stocks of Facebook, Amazon, Netflix and Google, now Alphabet, he knew concerns would arise after Tuesday’s market pain. All four major indices declined after the closely watched 10-year Treasury yield rose to its highest level since 2011 and home improvement […]
Read moreThis start-up is using connected toothbrushes to overthrow the 'primitive' dental insurance industry
Alex Frommeyer comes from a family of dentists. Now, he has a start-up that sells dental insurance, but with a twist. The Columbus, Ohio, company, called Beam Dental, started out by selling Bluetooth-connected toothbrushes, meaning that their product communicates with an app. Once they got people using it, the founders saw an opportunity to use […]
Read moreTesla’s energy unit lost two executives after CEO Elon Musk announced a “thorough reorganization” of the company, Bloomberg reported. Stationary storage unit product director Arch Padmanabhan, and Bob Rudd, a former SolarCity executive who led commercial and utility sales, have both left the electric car company, sources told Bloomberg. Padmanabhan told Bloomberg he is working […]
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