As Berkshire Hathaway wraps up its event-filled annual shareholder meeting, CNBC’s Jim Cramer reflected on some of the weekend’s most interesting revelations. Warren Buffett, the CEO of Berkshire and a widely renowned investor, admitted on Saturday that he “made the wrong decisions on Google and Amazon,” having considered both stocks with his longtime partner, Charlie […]
Read moreAt its big conference for developers on Monday, Microsoft executives were showing what it will be like to live in a world infused with artificial intelligence. Cortana, the company’s digital assistant and its rival to Amazon Alexa and Apple’s Siri, is at the heart of Microsoft’s effort to embed voice and image recognition into more […]
Read moreDrive.ai, a California-based computer software company, will launch an autonomous car ride-hailing service in Texas. The pilot program begins in July, amid increased scrutiny over the safety of driverless cars. But Sameep Tandon, the company’s co-founder and CEO, said the fleet of cars has been tested and they are safe. He said the vehicles’ bright […]
Read moreYou can now use Amazon‘s Alexa instead of Google Assistant by default on your Android phone. The new option was noticed by a user on Reddit over the weekend. That means you can hold the home button and pull up Alexa. This is particularly compelling if you own an Amazon Echo at home, where you […]
Read moreSnap chief financial officer Drew Vollero is stepping down on May 15, to be replaced by Amazon’s Tim Stone, a key transition for a company that has struggled to find its footing since going public last year. Snap rose nearly 2 percent in after-hours trading after the transition was announced. Stone, a Vice President of […]
Read more“You don’t need lipstick, lipstick needs you,” reads the bubblegum pink sign posted on one of many doors to Manhattan’s Javits Center — the 1.8m-square-feet glass fortress that is the busiest convention centre in the US. Inside, hairdressers offer complimentary styling, courtesy of Target, the discount store, and teenage girls line up to make their […]
Read moreNvidia shares will thrive this year as the chipmaker should generate earnings per share above expectations, according to Bank of America Merrill Lynch. The firm reiterated its buy and ‘top sector pick’ ratings for Nvidia, citing the company’s product leadership in several large growth categories. “Expect beat/raise … We remain positive on NVDA ahead of […]
Read moreWhen Jeff Bezos wants to call his team’s attention to a customer complaint, the Amazon founder and CEO forwards the email directly to his executives, with a note that consists of a single character: “?” “That question mark is just a shorthand for, ‘Can you look into this? Why is this happening? What’s going on?'” […]
Read moreApple‘s vote of confidence from investing icon Warren Buffett is just one sign that the company has entered a new era, Gene Munster told CNBC’s “Squawk on the Street” on Monday. Two things are changing in the “Apple story,” according to Munster, formerly a well-known Apple analyst on Wall Street and now a venture investor. […]
Read moreBitcoin prices dropped Monday following criticism from some of the investment world’s best-known billionaires. The cryptocurrency hit a low of $9,188.66 Monday after climbing above $9,900 over the weekend, according to CoinDesk. Bitcoin has recovered roughly 40 percent from the lows around $6,700 last month but has been unable to break the $10,000 level. Berkshire […]
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