Uber needs a new CEO after its founder CEO, Travis Kalanick, was removed yesterday at the request of a number of Uber’s shareholders. They also need two new independent directors and a large number of open executive positions filled. The near daily turmoil facing the company has made some wonder why anyone would want to […]

JD.com, Alibaba‘s largest rival in the Chinese e-commerce market, has invested nearly $400 million into Farfetch, a fast-growing online marketplace for luxury fashion boutiques. Alongside the $397 million investment, JD.com founder and CEO Richard Liu is joining Farfetch’s board. Exact terms of the deal could not be learned, but a source said Farfetch’s new valuation […]

Adobe Systems‘ new Character Animator product, which uses artificial intelligence, will make the company’s stock soar, CNBC’s Jim Cramer said Thursday. Cramer spoke the morning after his interview with Adobe chief Shantanu Narayen on CNBC’s “Mad Money.” During the interview, Adobe transformed Cramer into a real-time animation using its program. “This is what the world […]

In times of organizational crisis, some companies are able to right the ship, while others sink under the pressure. Recently, Uber has been under fire for a bad corporate culture, which promoted, among other things, sexism and other forms of toxic behavior. This led to a four-month investigation and pressure from the board for founder […]

Wal-Mart could step in as a rival bidder for Whole Foods Market, JPMorgan analysts said, as shares of the grocery chain rose above the $42 price offered by Amazon earlier this month. JPMorgan research analysts said in a note Thursday that Wal-Mart could be drawn to Whole Foods for its relatively wealthier customers and strong […]

Facebook is introducing new protections for profile pictures for users in India, in a bid to stop people from copying, sharing, or otherwise misusing their images. Users who elect to guard their profile through the new system will ensure that others can’t send, share, or download their picture, and will keep strangers from tagging themselves […]

Oracle’s stock opened at a record high on Thursday. Shares opened at $51.57 after the company’s fourth-quarter earnings beat analysts’ expectations. Oracle hit its last all-time high on March 16, when shares climbed to $46.99. The company reported earnings per share of 89 cents, excluding items, beating the 78 cents a share expected by analysts, […]

AT&T is on pace to invest around $22 billion in the United States this year, CEO Randall Stephenson told CNBC on Thursday. Stephenson is among the tech leaders heading to the White House later Thursday to meet with President Donald Trump to discuss the potential impact of emerging technologies on U.S. industrial workers. Ahead of […]

Foxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had […]

Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday. The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the […]