Axon Enterprise may be the smallest competitor in its space — developing evidence-capture technology for law enforcement — but based on its deal flow, it might be the most refined. The company recently won contracts with the New York Police Department, the Miami-Dade Police Department and the Phoenix Police Department via its acquisition of privately […]
Read moreInequalities in unemployment levels are long-term and systemic, Marc Morial, president and CEO of the National Urban League, told CNBC. “There’s still implicit and explicit bias in the labor market,” Morial said on “Power Lunch” Friday. Earlier that day, the U.S. Bureau of Labor Statistics released the April jobs report, showing an unemployment rate of […]
Read moreBillionaire Warren Buffett‘s big bet on Apple is a telling sign for investors, closely followed trader Art Cashin told CNBC. That’s because the legendary investor stayed away from tech companies for a long time, saying he doesn’t buy anything he can’t understand, Cashin said. “For him to double down on Apple, that’s more of an […]
Read moreYou know the famous scene in “Dead Poets Society” where the students stand up one by one on their desk and say “O Captain, my Captain!” in salute of Robin Williams, while the headmaster struggles to maintain order? That’s a lot like what’s going on with the U.S. media and telecommunications industry right now. One […]
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A cryptocurrency project backed by billionaire Stanley Druckenmiller and Federal Reserve chair runner-up Kevin Warsh is looking to rid the market of one massive problem: volatility. Bitcoin has a fixed supply, so, when demand for it rises, bitcoin’s price goes up, and the opposite is true when demand drops. The cryptocurrency project, called Basis, aims […]
Read moreThe surging popularity of Epic Games’ “Fortnite” is not significantly hurting Activision Blizzard’s gaming business. The game publisher reported better than expected first-quarter earnings on Thursday and slightly raised its financial guidance for fiscal 2018. Its stock rose 4.6 percent Friday. Epic Games introduced the free-to-play “battle royale” mode for “Fortnite” on computers and gaming […]
Read moreWarren Buffett’s Berkshire Hathaway will make about $700 million a year from its Apple holdings just by collecting dividends. The Oracle of Omaha revealed to CNBC that Berkshire bought an astounding 75 million shares of Apple during the first quarter. That adds to the 165.3 million shares Berkshire already owned at the end of 2017. […]
Read moreBeijing is set to announce a new fund of about 300 billion yuan ($47.4 billion) for the development of China’s semiconductor industry, The Wall Street Journal reported Friday, citing sources familiar with the matter. The government-backed China Integrated Circuit Investment Fund is heading up the new investment vehicle, the report said. The fund was not […]
Read moreDisney’s stock has treaded water for three years now at $100 a share or a $150 billion market capitalization. That’s mainly because Wall Street views it as a media stock in secular decline with its highly profitable cable networks disappearing without a clear path to an equally profitable over-the-top (OTT) future. Disney — like all […]
Read moreApple CEO Tim Cook said Friday that he’s “thrilled” to have legendary investor Warren Buffett and Berkshire Hathaway as a major investor in the company. Buffett revealed late Thursday Berkshire Hathaway bought 75 million shares of Apple during the first quarter — pushing the stock to an all-time high Friday morning. “On a personal level, […]
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