Apple CEO Tim Cook continued his tradition on Friday of visiting an Apple Store on the day of a big product launch. “I am thrilled,” Cook told CNBC’s Josh Lipton on Friday. “Here’s what we’re seeing right now. The watch with LTE — the Series 3 Watch — we are sold out in so many […]
Read moreThe power of Facebook advertising — let’s say they can identify 2 billion people around the world based on 200 points of data, which allows them to offer advertisers the holy grail of targeting. Now companies know exactly who is seeing their ads — only the “right” potential consumers. This is unheard of in the […]
Read moreIf you have memories of Apple loyalists camped outside stores for days for new products, Friday’s iPhone 8 launch might seem a bit muted. Indeed, many people took to social media on Friday with photos of just handful of people lined up outside local Apple Stores. But analysts say the reaction shouldn’t be surprising: The […]
Read moreBillionaire venture capitalist Jim Breyer is still bullish on large technology stocks in the U.S. and China for the next decade. CNBC’s Mike Santoli spoke with Breyer in an exclusive interview for CNBC PRO on the sidelines of the Delivering Alpha conference in New York last week. Santoli asked the technology investor about his outlook […]
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IN THEORY, overnight air travel should be wonderfully convenient. Instead of booking a hotel for the night and losing a day, travellers simply sleep while they fly. In reality, sleeping on a plane is hard, and at an airport tougher still. The chairs in terminals, nobody’s idea of comfort to begin with, tend to have […]
Read moreJim Breyer shares his views on technology investing and important trends in an exclusive interview with CNBC PRO’s Mike Santoli. On how artificial intelligence is changing the industry: “It’s a new paradigm in terms of the skill sets the very best students and post-docs have at the top universities. So there’s this renewal that’s very […]
Read moreClosely followed trader Art Cashin told CNBC on Friday that North Korean leader Kim Jong Un will be in “big trouble” without China’s financial backing. On Thursday, Reuters reported that China’s central bank has told banks to stop doing business with North Korea amid U.S. concerns that Beijing has not been tough enough about Pyongyang’s […]
Read moreTiffany’s sales problems are not likely to be fixed anytime soon, according to a top Wall Street firm. Goldman Sachs lowered its rating for Tiffany shares to neutral from buy, predicting difficulties in the company’s higher-end luxury goods segment even though new management is working to revive revenue growth. “We remain constructive that new leadership […]
Read moreHere’s a round-up of the most important deals in venture capital this week. Gogoro raised $300 million in a series C round led by Temasek Holdings, and joined by Al Gore’s Generation Investment Management group, Sumitomo and others. Gogoro makes electric scooters and battery-swapping kiosks where users can charge or swap them out. SoftBank poured […]
Read moreUber’s London unit has launched a petition against the decision to revoke its license on Friday, saying that regulators were trying to “restrict consumer choice.” “We are sure Londoners will be as astounded as we are by this decision. By trying to ban the app from the capital, the Mayor and Transport for London have […]
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