Once again I find myself shaking my head, amazed that in 2017 we still have to explain to men that women can actually be great engineers, mathematicians, physicists, chemists, presidents, CEOs, and the list goes one. Once again someone — in this particular case a young man, former Google engineer James Damore — felt like […]
Read moreDid you know? Remarkably, nearly two-thirds of the way into 2017, Thursday is just the sixth time all year that the S&P 500 has fallen at least 1 percent on an intraday basis. Thursday’s low is down 1.18 percent. If the S&P 500 closes down more than 1 percent, it would be just the third […]
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Bitcoin has gotten a lot of fanfare lately but not from Howard Marks, a legendary value investor on Wall Street. Marks told CNBC’s “Halftime Report” on Thursday that’s because he doesn’t understand what is the actual value of Bitcoin. “It’s not a medium of exchange, it’s a medium of trading, so I can’t see any […]
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Ryan Graves announced he would step down from an operating role at Uber on Thursday. This profile originally ran in May. Travis Kalanick has become the face of Uber, the brash and super-successful entrepreneur that “holds no prisoners” and bleeds “Uber blood.” But central to Uber’s recent unraveling is a less familiar face — Ryan […]
Read moreLet’s all assume Google CEO Sundar Pichai has a really hard day ahead of him. That’s because at 4 pm PT, the tech giant will hold an all-hands meeting to discuss the firing of James Damore and the controversial internal memo he wrote about women and their biological weaknesses related to tech that got him […]
Read moreGoldman Sachs released a list of stocks to stay away from if market volatility continues to climb in a report by the head of global securities research Robert Boroujerdi. “The confluence of low volatility, a fluid reflation narrative and signs of complacency in rates & credit markets have created positioning and correlation extremes for equity […]
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A company’s best defense against an activist investor is its ability to improve the business to boost the stock price. And these companies are evaluated every three months with their quarterly earnings. So CNBC took a look at these report cards for the largest targets where activists announced stakes this year. And the results indicate […]
Read moreA number of high-level executives at large media companies have expressed frustration and anger with Disney CEO Bob Iger’s decision to create two direct-to-consumer offerings, according to conversations these executives have had with CNBC. The common refrain of these executives was that the cost of sports programming led by Disney’s ESPN has made the cable […]
Read moreWhile tensions with North Korea have taken a bite out of the stock market, defense stocks are benefiting. Shares of defense companies like Lockheed Martin, L3 Communications and Raytheon have surged to record highs in the wake of remarks President Donald Trump made Tuesday about meeting North Korea with “fire and fury” if the nation […]
Read moreOne of Uber’s original employees — and one of former CEO Travis Kalanick’s top boosters — is stepping down from his leadership role at Uber. Ryan Graves — one of the company’s first employees, the first full-time CEO, and one of its biggest shareholders — said he will transition out of his operating role and […]
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