One of the European Union’s leading regulators is making a house call to Silicon Valley this week. Her agenda: A series of meetings with the likes of Facebook’s Sheryl Sandberg to press the tech industry on privacy, hate speech and consumer protection. The visit beginning today by Věra Jourová, the EU commissioner for Justice, Consumers […]
Read moreNorth Korea sent an unspoken message to the U.S. ahead of President Donald Trump’s speech at the U.N. General Assembly on Tuesday. Its ambassador to the United Nations, Ja Song Nam, left the room before Trump arrived to speak. The North Korean mission to the U.N. told NBC it “boycotted” the speech, saying it left […]
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T-Mobile shares rallied more than 4 percent Tuesday after CNBC’s David Faber reported that the telecom giant and Sprint were in advanced merger talks. “This was a name that was long rumored [to be in] deal talks with Sprint,” Dan Nathan of RiskReversal.com told CNBC’s “Fast Money” on Monday. The rumor sent the options market […]
Read moreAmid devastating hurricanes, North Korean missile launches and political upheaval in Washington, equities in the U.S. simply keep jitterbugging their way toward fresh peaks. For 8½ years now, every dip has been followed by a push past the previous high. Yet at some point, even as investors continue reaping the benefits of a market climb […]
Read moreBest Buy shares cratered nearly 8 percent Tuesday as the company unveiled a new set of financial goals for fiscal 2021. The consumer electronics retailer is meeting with analysts later Tuesday at its first investor meeting in five years to discuss its next phase of growth. Chief Executive Hubert Joly told CNBC its turnaround program, […]
Read moreApple users prompted to upgrade their iPhone operating system Tuesday may not think much of the incremental improvements of iOS 11. But CEO Tim Cook is eagerly awaiting the release. “This is a day to remember,” Cook told ABC’s “Good Morning America” Tuesday. “This is a profound day.” The iOS update includes AR, or augmented […]
Read moreThe Federal Reserve is on the cusp of reversing the most ambitious monetary stimulus program in world history amid questions over how much impact it really delivered. There’s little question that the program, known as quantitative easing or “money printing,” boosted the stock market. The three iterations of QE between November 2008 and October 2014 […]
Read moreNigel Toon has spent almost three decades in the semiconductor industry, accumulating multiple patents and selling two start-ups, including one to Nvidia for about $400 million. None of that mattered three years ago when Toon was trying to raise money for XMOS, a chipmaker for digital electronics. Venture capitalists wouldn’t touch silicon. Start-ups required too […]
Read moreUber is suing mobile marketing agency Fetch Media for allegedly “squandering” tens of millions of dollars on ads that never were seen or never existed. The company filed the lawsuit against the Dentsu-owned agency in a U.S. District Court in San Francisco on Monday. (Fetch said in a statement to CNBC: “We are shocked by […]
Read moreT-Mobile and Sprint are in active talks about a merger, according to people close to the situation. Both companies and their parents, Deutsche Telekom and Softbank, have been in frequent conversations about a stock-for-stock merger in which T-Mobile parent Deutsche Telekom would emerge as the majority owner. People close to the situation stress that negotiators […]
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