Billionaire investor Warren Buffett is wrong about bitcoin, tech venture capitalist Chamath Palihapitiya argued on Wednesday. “Not everybody is right all the time,” the former Facebook executive told CNBC’s “Squawk Box,” adding that knowledge about technology is not in the Berkshire Hathaway chairman and CEO’s “circle of competence.” Buffett bashed bitcoin Monday in an interview […]

Siemens raised its full year profit guidance on Wednesday, citing a strong first half helped by a 900 million euro ($1.07 billion) gain from transferring its stake in IT services company Atos SE to its pension fund. The German engineering group said it now expected full year earnings per share in the range of 7.70 […]

Sonic the Hedgehog, the iconic Sega game character, is set to soon make his comeback in a big way. The blue hedgehog, who derived his name from the speed abilities he possesses, will be starring in a Sonic-focused movie — a partnership between Paramount Pictures and Sega — that is slated for release between Nov. […]

Japanese HR services provider Recruit Holdings said on Wednesday it has agreed to buy popular California-based job site operator Glassdoor for $1.2 billion to tap into its database of company reviews and salary data. Privately held Glassdoor, founded in 2007, last raised funds in 2016, valuing the company at $1 billion. It counts billionaire Chase […]

Google is placing a lot of importance on engaging with governments across the world, even amid tensions around artificial intelligence, privacy and fake news, according to one of the company’s top engineers. “It’s important to engage with governments around the world in how they’re thinking about AI — to help inform them,” Jeff Dean, head […]

Oil prices may have slid from their near-$70 highs after the United States withdrew from the Iran nuclear deal, but CNBC’s Jim Cramer found an under-the-radar beneficiary of higher crude costs. General Electric, the ailing industrial giant, could see its Baker Hughes oil business get a boost from crude at $69, the “Mad Money” host […]

Telecommunications giant AT&T said Tuesday night that it had paid President Donald Trump‘s lawyer Michael Cohen for “insights” about the Trump administration. AT&T’s admission came after a lawyer for porn star Stormy Daniels claimed the company, drug giant Novartis and a Russian oligarch had all made payments to Cohen’s shell company. Daniels’ lawyer, Michael Avenatti, […]

Google put its prowess in artificial intelligence, as well as its commitment to wielding it responsibly, front and center during the keynote of its I/O developers conference on Tuesday. A rotating cast of Google execs stressed during demos that AI was at the core of their products, showing off advancements in Gmail, Maps, and its […]

Walt Disney CEO Bob Iger told CNBC on Tuesday that he remains “confident” the deal with Twenty-First Century Fox will move forward. Disney’s $52 billion bid for Fox was announced in December. On Monday, sources told CNBC that Comcast is planning a $60 billion all-cash bid to acquire Fox’s assets if the U.S. government approves […]

David Marcus, Facebook‘s head of Messenger, is going to head up a new group focused on the blockchain technology that underlies bitcoin. “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch,” Marcus said in a post Tuesday afternoon on the social media site. Marcus joined the […]