The diamond industry is expected to grow in coming years on strong demand from China, India and the U.S., but there is a key hurdle ahead: millennials. Speaking with CNBC’s “Street Signs” last week, Charles Rosario, senior vice president of Lazare Diamonds, reflected on the role the millennial generation — broadly defined as those born […]
Read moreChina’s military has set up a new department modelled on the Pentagon’s hi-tech research agency to develop state-of-the-art weapons such as stealth aircraft and electromagnetic cannons. The Scientific Research Steering Committee was set up early this year, according to a documentary aired on state broadcaster CCTV that revealed the new department for the first time. […]
Read moreThree years ago, Ferly Aninditya’s stall at a Jakarta food court was losing money. Deterred by the Indonesian capital’s paralysing traffic, few customers were prepared to come to him. But that was before he teamed up with Go-Jek, the ride-hailing motorbike service that delivers everything from meals and groceries to cleaners and hairdressers across Jakarta, […]
Read moreUber and Lyft want to help you satisfy your fast-food cravings faster. Lyft on Tuesday announced a partnership with Taco Bell, allowing people to add a Taco Bell stop their ride. They’re calling it “Taco Mode.” The company is testing out “Taco Mode” as a pilot in Orange County, California from July 27 to 29 […]
Read moreAsia markets will open for trade on Wednesday following the firmer lead on Wall Street Tuesday and as oil prices rose more than 3 percent overnight. Oil prices soared overnight after major U.S. oil producer Anadarko announced plans to reduce capital spending due to lower oil prices. Market sentiment was also boosted when de-facto OPEC […]
Read moreAfter the stock of Google parent Alphabet shed some of itsgains post-earnings as investors acted on concerns about the tech giant’s advertising model, Jim Cramer explained the stock’s temporary weakness. “It’s entirely possible that the growth in their core business is slowing,” the “Mad Money” host said. “But Alphabet does have $94.7 billion in cash […]
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With earnings season well underway, Jim Cramer wanted to remind investors of a crucial piece of advice as the results pour in: do not overthink this stock market. For example, when United Technologies issued a strong earnings report, its stock still went down. Chalking it up to earnings season confusion, the “Mad Money” host said […]
Read moreEarnings season can stir doubt even in some of the stock market’s top performers, and Jim Cramer had to right the record when he spotted declines in four of his favorite names. “Look, you need a healthy amount of skepticism to be a good investor, no denying that, but it’s also important to know when […]
Read moreAn individual wage near $20 an hour, or about $41,600 per year, could be the basis of a sustainable working-class life in many cities and regions of the U.S. But not so in Silicon Valley, where many (non-entry) jobs at established technology companies pay in the low six figures per year or more. From San […]
Read moreShares of Advanced Micro Devices soared after the company raised its outlook and reported earnings that topped expectations. The stock surged 7 percent in after-hours trading as more than 13 million shares changed hands. Here’s how the company did compared to expectations, according to Thomson Reuters consensus estimates: EPS: 2 cents per share vs. break-even […]
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