Billionaire tech entrepreneur Elon Musk is pretty active on Twitter, making time to respond to consumer feedback. And lately he’s also been dropping hints about what to expect in future Tesla models. As CEO of electric vehicle company Tesla and aerospace company SpaceX, Musk’s interaction with consumers is not onlysmart leadership, but it’s also won […]
Read moreFor technology companies, specifically those offering services and software, the new tax bill could end up raising their tax rates this year. Bernstein warned of this effect on IBM in a note to clients Tuesday. The enterprise tech company’s normalized tax rate could rise from 15 percent to “perhaps closer to 20 percent or more,” […]
Read moreElectric vehicle purchases are expected to surge in the coming years, but making conventional, gas-powered cars and trucks more efficient will be the most effective way of driving down emissions in the near term, Saudi Aramco’s chief technology officer said. Aramco, the world’s largest oil company, is investing in technologies that will allow the internal […]
Read moreDavid Einhorn’s Greenlight Capital bought Twitter shares, according to an investor letter sent to clients on Tuesday. “We initiated a small position in Twitter at an average [price] of $21.59,” the letter said. “Despite a massive user base and broad reach, Twitter has an enterprise value of about 2% of Facebook, the largest social media […]
Read moreQualcomm said Tuesday that it expects to earn much more money in the coming fiscal year than Wall Street has projected, and urged shareholders to resist the hostile takeover bid from rival Broadcom. The chipmaker said it expects between $6.75 and $7.50 earnings per share on revenue of $35 billion to $37 billion, substantially higher […]
Read moreU.S. Senate Democrats said on Tuesday they had the backing of 50 members of the 100-person chamber to overturn the U.S. Federal Communications Commissions reversal of landmark Obama administration net neutrality rules, but still faced an uphill battle. Senator Ed Markey said in a statement all 49 Democrats backed the repeal. Earlier this month, Republican […]
Read moreGeneral Electric may be looking at splitting itself up after poor shareholder returns in the past year. The company is aiming to announce a decision on a breakup as early as this spring, sources tell CNBC’s David Faber. A split is likely, the sources told Faber. General Electric said Tuesday after a review of its […]
Read moreFormer Wells Fargo Chairman and CEO Dick Kovacevich told CNBC on Tuesday that he believes bitcoin is a scam. “I think it’s a pyramid scheme. It makes no sense. I’m just surprised it isn’t even lower,” he said on “Squawk on the Street.” Kovacevich joins a growing list of bankers who have denounced the crytopcurrency […]
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A new app from Google attempts to accurately match your face to one in a famous painting, and it’s getting a lot of attention. The Google Arts & Culture app went viral over the weekend as people discovered the funny results it can provide. Some are accurate while others aren’t so much. Here’s show you […]
Read moreQualcomm is likely to make aggressive moves to keep shareholders happy in the next two quarters while the company faces a possible hostile takeover attempt from Broadcom, research firm Nomura said Tuesday. The firm upgraded Qualcomm to a buy rating and rose its target price to $75 from $58. “We believe Qualcomm leadership is very […]
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