North Korea is preparing to test a long-range missile which it believes can reach the west coast of the United States, a Russian lawmaker just returned from a visit to Pyongyang was quoted as saying on Friday. Anton Morozov, a member of the Russian lower house of parliament’s international affairs committee, and two other Russian […]
Read moreHere’s a roundup of the most important deals in venture capital this week. Start-ups raising Uber, the challenged ride-hailing company, agreed to take a big investment from SoftBank. The influential tech investor will put $1 billion to $1.25 billion into Uber at the company’s last reported valuation of $69 billion, sources told CNBC. SoftBank is […]
Read moreTesla is delaying its semi truck unveiling by more than two weeks, as the company diverts resources toward fixing Model 3 bottlenecks and producing more batteries for Puerto Rico and other areas in need. Tesla CEO Elon Musk tweeted out the update Friday afternoon. Musk The event had previously been tentatively scheduled for Oct. 26. […]
Read moreAn Apple executive responsible for operating data center infrastructure for some internet services — an increasingly important area for the company — has left, CNBC has learned. Eric Billingsley, director of internet services operations at Apple, was in charge of operating infrastructure for iCloud services, including the iCloud Drive document storage service that competes with […]
Read moreA prominent Wall Street strategist who predicted bitcoin could more than quadruple in value in five years has created five indexes to track digital currencies. Fundstrat Global Advisors’ Thomas Lee said in a report Friday that the FS Crypto FX indexes are for institutional investors “to better understand the evolution and behavior of crypto-currencies.” In […]
Read moreSilicon Valley startup and logistics darling Flexport closing a $110 million funding round, valuing it at $920 million. Backers in this round include Yuri Milner’s DST, Peter Thiel’s Founder’s Fund and Wells Fargo. It also counts Google Ventures — now GV — among its earliest investors. Flexport sits right within the delivery space that rival […]
Read moreSalad bars are magnets for bacteria and viruses. Even if the sprouts and ranch dressing aren’t tainted, the serving utensils may be. The Silicon Valley start-up Chowbotics has devised what it says is a partial solution. Its device, which it calls Sally the Salad Robot, is aimed at reducing the risk of food-borne illness by […]
Read moreShares of drugmakers dropped in midday trading Friday after CNBC reported Amazon is in the final stages of considering an entrance into selling drug prescriptions. Walgreens, Rite Aid and CVS Health stocks each slipped 4 percent or more as investors worried Amazon may disrupt the traditional distributors’ hold on the drug prescription market. Amazon will […]
Read moreAmazon is in the final stages of figuring out its strategy to get into the multibillion dollar prescription drug market. The company will decide before Thanksgiving whether to move into selling prescription drugs online, according to an email from Amazon viewed by CNBC and a source familiar with the situation. If it decides to make […]
Read moreGoPro investors are overreacting to the potential threat from Google’s new camera product, according to JPMorgan. Alphabet unveiled its new pocket-sized Google Clips camera on Wednesday. GoPro shares fell a total of 13 percent Wednesday and Thursday due to the announcement. Google Clips is “not a short-term threat … [It is] not designed as a […]
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