Uber, the ride-hailing company which has been banned from many European cities, is about to launch its Jump electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities. Uber’s Chief Executive Dara Khosrowshahi made the announcement at a conference in Berlin as dozens of German taxi drivers outside […]
Read moreTesla stock rose more than 4 percent in premarket trading, after the company revealed it is nearing its Model 3 weekly production rate and shareholders at Tesla’s annual meeting backed Elon Musk as chairman and CEO. Musk told shareholdersit is “extremely likely” Tesla will hit a weekly Model 3 production rate of 5,000 cars by […]
Read moreShares of Twitter fell more than 2 percent in the premarket Wednesday after the company announced the sale of $1 billion worth of convertible notes. The notes, which will be offered to “qualified institutional buyers,” mature in 2024 and will be convertible into cash, stock, or a combination of the two at Twitter’s discretion, the […]
Read moreAt this week’s Money 20/20 Europe fintech event in Amsterdam, Netherlands, I heard something that underlines exactly the kind of hype cycle we are in right now with blockchain. “Let’s just call it a blockchain anyway, we’ll get funding,” one delegate said to another. Whether it was a joke or the person was being serious […]
Read moreHP Inc. now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday. In October 2016, HP’s board had approved a restructuring plan to be implemented through fiscal year 2019, under which it had expected around 4,000 […]
Read moreThe House of Mouse has been around for more than 9 decades, and the company is currently under pressure as other media conglomerates look to disrupt its empire. However, Disney is bullish on South Asia as plans for its streaming business are underway. “We have seen fairly seismic changes in technology over the last nine […]
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Jeff Bezos is the richest person in the world, but his massive fortune extends well beyond being the founder and CEO of Amazon. Bezos has invested in tech companies like Twitter, Uber and Airbnb, and in 2013 Bezos purchased The Washington Post. He’s also personally investing nearly a billion dollars a year to send humans […]
Read moreFacebook has data-sharing partnerships with at least four Chinese electronics companies, including a manufacturing giant that has a close relationship with China’s government, the social media company said on Tuesday. The agreements, which date to at least 2010, gave private access to some user data to Huawei, a telecommunications equipment company that has been flagged […]
Read moreThe major averages may paint an ideal picture for the stock market, but CNBC’s Jim Cramer warned on Tuesday that some strong sectors aren’t enough to sustain a long-term rally. “The truth is that while a couple of groups are leading the way here, namely tech and retail, very few stocks away from those groups […]
Read moreDriving Palo Alto Networks into the future was one of outgoing Chairman and CEO Mark McLaughlin’s primary concerns when he was choosing his successor, he told CNBC on Tuesday. The cybersecurity company announced on Friday that former SoftBank and Google executive Nikesh Arora would take over as CEO effective Wednesday, June 6. Palo Alto’s stock […]
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