Qualcomm has no plans to abandon its efforts to create processors for data centers, the company’s president, who oversees the chip division, said. Qualcomm, the largest maker of chips in mobile phones, last year launched chips that use technology from Softbank Group Corp‘s ARM Holdings to power the workhorse computer servers behind cloud-based services such […]
Read moreChina‘s biggest ride-sharing company Didi Chuxing said on Wednesday its car-pooling service drivers can only pick up passengers of the same sex in early morning and late evening, part of an on-going effort to regain trust following a murder of a female passenger earlier this year. After the murder, which was reported and discussed widely […]
Read moreMedia stocks are rising after a federal judge ruled in AT&T’s favor on its deal to acquire Time Warner. U.S. District Court Judge Richard Leon ruled Tuesday that AT&T could buy Time Warner with no conditions attached, denying a Department of Justice antitrust challenge. Time Warner and CBS shares were up more than 3 percent […]
Read more21st Century Fox shareholders will benefit the most from AT&T’s major legal victory in its pursuit to buy Time Warner, according to one Wall Street firm. On Tuesday, U.S. District Court Judge Richard Leon ruled that AT&T could buy Time Warner with no conditions attached, denying a U.S. Department of Justice antitrust challenge to the […]
Read moreShares of Dutch fintech firm Adyen surged over 66 percent at the market open on their first day of trade on Wednesday in Amsterdam, in what is one of Europe’s biggest technology initial public offerings (IPO) in recent times. On Tuesday, Adyen priced its shares at 240 euros ($281.6), which was at the upper end […]
Read moreAdyen shares will begin trading on Wednesday in what will be one of Europe’s largest technology initial public offerings (IPOs). But you’d be forgiven for not knowing much about the Dutch financial technology or fintech firm as it has flown under the radar for many years. So here’s a rundown of what Adyen does and […]
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Yet another company is refreshing its stores in 2018 in a bid to keep shoppers engaged and coming back for the experience — not just the products sold there. Fabric and craft retailer Jo-Ann, having been around for more than 70 years and now running more than 800 shops across the U.S., is rolling out […]
Read moreWhile CNBC’s Jim Cramer was blown away by the monster 30-plus percent run in shares of Restoration Hardware parent RH on Tuesday, he also saw the rise as a unique opportunity. “RH up 31 percent today? Breathless. A perfect, perfectly crafted short squeeze,” the “Mad Money” host said. “But once the short-squeeze ends, I got […]
Read moreCisco Systems’ recent partnership with Alphabet’s Google to create a seamless cloud network “plays a tremendous role with security [and] policy,” Cisco’s Chuck Robbins said Tuesday. In an exclusive interview with CNBC’s “Mad Money” host Jim Cramer, the Cisco chairman and CEO said the partnership came in response to what customers of his networking hardware […]
Read moreIn his ruling approving AT&T’s bid to purchase Time Warner, U.S. District Court Judge Richard Leon advised the Department of Justice to not try and contest the ruling, which was unexpected, according to an analyst. “I think the biggest surprise here is Judge Leon advising the DOJ not to try to contest this ruling,” Craig […]
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