Knowing when rallies are sustainable is critical to any investor’s portfolio, so CNBC’s Jim Cramer looked back on his decades of experience to pinpoint exactly what makes a rally trustworthy. “There are such things as bad rallies,” the “Mad Money” host warned. But Wednesday’s jump on President Donald Trump’s announcement on tax reform was not […]
Read moreAs Lululemon Athletica outperforms its struggling rivals, CEO Laurent Potdevin told CNBC that brick-and-mortar retail won’t fade into obscurity anytime soon for one simple reason. “If you think about the evolution of how people lead their life and the evolution of athletic, mindful lifestyle[s], we know for a fact that people continue to crave human […]
Read moreAfter months of hearing about scandals at Uber and the privately-held company’s very public search for a new CEO, CNBC’s Jim Cramer finally found something to be pleased with. “I spend a lot of time criticizing boards of directors for failing to fire chief executives who’ve so obviously done a poor job of creating value […]
Read moreAfter a hack at Equifax potentially put the information of 143 million U.S. consumers at risk, Palo Alto Networks Chairman and CEO Mark McLaughlin shed light on the measures the firm could have taken to ensure it was protected. “Companies have been running very siloed, disparate capabilities for a very long time, and that’s what […]
Read moreKnowing when rallies are sustainable is critical to any investor’s portfolio, so CNBC’s Jim Cramer looked back on his decades of experience to pinpoint exactly what makes a rally trustworthy. “There are such things as bad rallies,” the “Mad Money” host warned. But Wednesday’s jump on President Donald Trump’s announcement on tax reform was not […]
Read moreMark Zuckerberg said late Wednesday that President Trump’s tweet alleging that Facebook has always been against him is wrong and said the social network was an overall force for good during the 2016 U.S. election campaign. “Trump says Facebook is against him. Liberals say we helped Trump. Both sides are upset about ideas and content […]
Read moreSenate lawmakers investigating Russian interference in the 2016 presidential election have asked Facebook, Google and Twitter to testify at a Nov. 1 hearing, a source familiar with the matter told Recode on Wednesday. The inquiry — to be held by the Senate Intelligence Committee — could subject the three tech giants and their executives to […]
Read moreMorgan Stanley’s Mike Wilson currently has one of the loftiest stock market targets on Wall Street, but he also sees a possible bear market on the horizon. Wilson, Morgan’s chief equity strategist, said he expects the S&P 500 to reach 2,700 in the first part of next year, if things unfold as he forecasts. He […]
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Shares of retailer Overstock.com surged Wednesday after news its subsidiary is joining the business of trading digital coins. Shares of the online retailer of home goods and clothing shot up 23.5 percent to their highest since January 2014 and are up 65 percent for the year. Overstock’s majority-owned subsidiary tZero, along with two financial services […]
Read moreFacebook said on Wednesday its efforts to fight fake news during Germany’s national elections included taking down tens of thousands of fake profiles in the final month of the campaign. Richard Allan, Facebook’s vice president of public policy for Europe, Middle East Africa, said the Silicon Valley-based company mounted an array of efforts to ensure […]
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