Jeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing. “It’s a bubble,” Robinson said on “Squawk Alley.” “It’s a loaded roulette wheel. You’re better off in Vegas. The food is better.” In his 2014 book “BitCon,” he called bitcoin “pretend currency,” and […]
Read moreIf you don’t know how to code, fret not, you can still have a successful career in a tech-powered job. So says the CEO of Google, Sundar Pichai. While education and workplace training for an automated future has focused largely on coding, there will be many jobs that depend on softer tech skills, Pichai says […]
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Netflix has been on a tear this year, and traders are expecting a big move when the company reports quarterly earnings Monday after the market close. The options market is implying about a 7.5 percent move in either direction for the streaming giant, which is more than the average 5.5 percent move over the past […]
Read moreNetflix’s growth in international markets and its large investment in content will boost its shares, according to one Wall Street firm. KeyBanc Capital Markets reiterated its overweight rating for Netflix shares, predicting strong subscriber numbers for the company this year. “We see Netflix as the global leader in subscription video in the internet era and […]
Read moreWe decided to replace the battery in an iPhone 6 and document exactly how it went. Quick backstory: Apple announced in early January that owners of the iPhone 6, iPhone 6s, iPhone 6s Plus and iPhone 7 could replace the batteries in their phones for just $29. Apple began replacing the batteries after backlash from […]
Read moreJan Koum, co-founder and CEO of Facebook‘s WhatsApp messaging service, says the idea for the company he co-founded with Brian Acton in 2009 came about so he could stop missing calls on his new smartphone. “It started with me buying an iPhone,” Koum told an audience of several hundred Silicon Valley veterans gathered for an […]
Read moreShares of ADT fell 10 percent in the company’s market debut Friday, giving the home security products maker a valuation of $9.56 billion. ADT’s return to the public market offered 105 million shares at $14 apiece. The company was previously taken taken private in May 2016 but CEO Timothy Whall told CNBC that ADT’s progress […]
Read moreAmazon raising its monthly prime membership rate isn’t a big deal because it’s still cheap, CNBC’s Jim Cramer said Friday. The Prime rate will rise by 18 percent to $12.99 per month from $10.99, according to Amazon’s membership page. The discounted student monthly rate will also increase, but the cost of yearly memberships will stay […]
Read moreIn the latest bitcoin-related fraud, a digital currency trading scheme called CabbageTech has disappeared from the internet allegedly with customers’ funds. The U.S. Commodity Futures Trading Commission announced Friday it charged Patrick K. McDonnell and his company CabbageTech with “fraud and misappropriation in connection with purchases and trading of Bitcoin and Litecoin.” Based just outside […]
Read moreKohl’s is “sleeping with the enemy” and that’s a good thing, according to Jefferies analyst Randal Konik. It’s no surprise Amazon has been dubbed the enemy of the retail world, stealing market share from traditional players, but some (including Nike and Sears) have decided it’s better to work with the e-commerce giant than clash and […]
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