Amid threats of a potential ban on cryptocurrency, former FDIC Chair Sheila Bair said digital currencies such as bitcoin should be more tightly monitored but not stopped. “It’s something regulators need to deal with but not ban,” Bair told CNBC’s “Fast Money” on Thursday. Bair, who said she does not own any bitcoin, now serves […]

When CNBC’s Jim Cramer evaluates retail companies and their stocks, he likes to go straight to the source. “I shop everywhere and if I shop at a place that I’m not that crazy about, I don’t recommend the stock. And I’m not crazy about shopping at J.C. Penney,” the “Mad Money” host told a caller […]

Blockchain, a digital record-keeping method that exploded in popularity in conjunction with the cryptocurrency craze, will change the way the world makes transactions, IBM’s Martin Schroeter told CNBC on Thursday after earnings. “If you bought IBM stock today, you would have to wait three days for that to clear because it has to go through […]

Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after […]

Atlassian shares dropped nearly five percent in extended trading on Thursday, even though the software developer reported second-quarter results that topped analysts’ estimates and issued an optimistic forecast. Here are the most important numbers: Revenue: $212.6 million vs. $204 million estimate, according to FactSet EPS (adjusted): 13 cents vs. 12 cents, according to FactSet Atlassian’s […]

Snap laid off two dozen workers in New York and London, half of whom worked producing content, as the struggling social media company consolidated those operations in Los Angeles, CNBC has confirmed. The cuts were previously reported by Cheddar. The job cuts affected a tiny percentage of the company, which had nearly 3,000 employees as […]

Tesla is bringing its Model 3 to showrooms on the East Coast, giving local reservation holders a chance to see the car in person months after the company began production. The electric-car maker will pull the cloth off Model 3s on Friday at its store in Manhattan’s Meatpacking district, and in its showroom on Boston’s […]

First-time entrepreneur Ethan Perlstein has a unique strategy to get ahead: Telling the truth. “To beat me, any potential rivals would have to out-transparency me,” said Perlstein, in an interview with CNBC. “And that’s anathema to the status quo.” Perlstein’s approach with his start-up, Perlara, which is working with families to find cures for rare […]

Texas Instruments is about to have a new CEO for the first time in 14 years. Rich Templeton, who took the helm of the semiconductor company in 2004 and became chairman four years later, is being succeeded as CEO by Brian Crutcher, a 22-year veteran of the company, Texas Instruments said on Thursday. Templeton has […]

President Donald Trump sang Apple‘s praises on Thursday, a day after the company unveiled an ambitious — but vague — U.S. investment plan. “Tim Cook is a great guy — the head of Apple,” Trump said at an event in Coraopolis, Pennsylvania on Thursday. “In the news, I heard $350 billion, I thought, ‘You mean […]