With commodity watchers concerned about the fate of Texas’ oil refineries after Hurricane Harvey, CNBC’s Jim Cramer wanted to nail down the condition of oil itself. So the “Mad Money” host went off the charts with technician Carley Garner, the co-founder of DeCarley Trading and Cramer’s colleague at RealMoney.com with a nearly spotless track record […]
Read moreAs news continues to emerge from Texas after Hurricane Harvey, CNBC’s Jim Cramer noticed investors shifting their focus to several other stock market themes. “First feature of the new normal? America’s not the world’s policeman anymore,” the “Mad Money” host said. “Sure, an attack on Japan is like an attack on us. But if North […]
Read moreAmazon made steep discounts — by as much as 43% – at Whole Foods on Monday, sending shockwaves across the grocery retail space. But a closer look at a broader set of products suggest the discounts are still modest, according to Gordon Haskett analyst Charles Grom. Grom wrote in a note published Tuesday that the […]
Read moreBerkshire Hathaway made good on its plan to convert warrants into 700 million shares of Bank of America common stock, the bank announced on Tuesday. Warren Buffett’s conglomerate held the warrants since a deal in 2011, when he invested $5 billion in preferred shares of Bank of America, which at the time was struggling with […]
Read moreThe Justice Department is in the early stages of examining Uber’s business for alleged violations of U.S. foreign bribery laws, unnamed sources told The Wall Street Journal in a report published on Tuesday. Uber confirmed to CNBC it is cooperating with the Justice Department on a preliminary probe, but did not specify the nature of […]
Read moreIn private and sometimes in public, Travis Kalanick was fond of describing Uber, the car-hailing service he co-founded and commanded absolutely, as the Amazon of the transportation business. The similarities were clear. Amazon began as an online bookstore, but it was never just about selling books; over two decades, Amazon’s founder, Jeff Bezos, methodically expanded […]
Read moreHealth insurer Aetna has hired Ben Wanamaker from Wal-Mart’s health division to lead its joint venture with Apple, according to sources familiar with the matter. At Wal-Mart, Wanamaker’s role involved leading business development and strategy for the company’s health, wellness and e-commerce businesses, with a focus on partnerships. Wanamaker’s LinkedIn page still lists Wanamaker as […]
Read moreIkea’s new augmented reality application, for example, lets users drag and drop a digital version of a chair, a bed, a coffee table or any other Ikea product right in your house. You’ll view it right through your iPhone or iPad as if it really exists, viewing it through the screen of your iPhone. Walk […]
Read moreInvestors should buy Micron Technology shares because new technology markets will generate more demand for its memory products, according to JPMorgan, which reiterated its overweight rating on the chipmaker. “We believe investors are underestimating the positive impact of new and broad-based demand drivers beyond PCs and smartphones in areas such as AI/Deep Learning and continued […]
Read moreChances are you’ve seen that Amazon meat logo from Whole Foods screaming across the internet. Here’s how it came about. First off, Amazon CEO Jeff Bezos didn’t commission an LA Whole Foods meat department to sculpt an Amazon logo out of ground beef to commemorate its $13.7 billion purchase of Whole Foods. That would have […]
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