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Ousted Uber CEO Travis Kalanick may have known a star engineer possessed trade secrets stolen from Google, according to a recent court filing. The court case centers on Waymo, the self-driving car unit of Google-parent Alphabet, and Anthony Levandowski, an engineer who left Waymo to start his own company, Otto, that was later acquired by […]

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Oracle shares opened at $51.62 Thursday — an all time high for the company — putting the stock on pace for it’s best day in 3 years, after better than expected fourth quarter earnings and revenue. On CNBC’s Squawk Alley, CEO Mark Hurd distinguished the company from it’s competitors. “We’re different than Amazon. Amazon offers […]

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INVESTORS could easily get confused about the impact of oil-price rises on the economy and markets. The story seemed to be clear: high prices bad, low prices good. The two great oil shocks in the 1970s were unambiguously bad for Western economies—ushering in stagflation and transferring spending power to the oil-producing countries. In turn, low […]

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JD.com, Alibaba‘s largest rival in the Chinese e-commerce market, has invested nearly $400 million into Farfetch, a fast-growing online marketplace for luxury fashion boutiques. Alongside the $397 million investment, JD.com founder and CEO Richard Liu is joining Farfetch’s board. Exact terms of the deal could not be learned, but a source said Farfetch’s new valuation […]

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Adobe Systems‘ new Character Animator product, which uses artificial intelligence, will make the company’s stock soar, CNBC’s Jim Cramer said Thursday. Cramer spoke the morning after his interview with Adobe chief Shantanu Narayen on CNBC’s “Mad Money.” During the interview, Adobe transformed Cramer into a real-time animation using its program. “This is what the world […]

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