Britain’s exit from the European Union has not only revitalized current members but it has also inspired countries outside of the bloc to apply for membership, the International Monetary Fund’s managing director, Christine Lagarde told CNBC Tuesday. “It’s quite fascinating to see this sort of parallel track of those existing members of the EU suddenly […]
Read moreFacebook’s plan to monetize Messenger is going global. The company said on Tuesday Messenger ads would be available around the world through an expansion of its current tests. The new image ads will appear in the home tab of the Messenger app. If a user clicks on the ad, it will direct them to an […]
Read moreGoogle has paid researchers and academics who have worked on projects that support the company’s positions in battles with regulators, a report in The Wall Street Journal said on Tuesday. Google’s practice might not sound all that different from lobbying, but The Wall Street Journal revealed that some of the professors, including a Paul Heald […]
Read moreSilicon Valley is supposed to be a place where a couple of guys in a garage or a dorm room can start companies that change the world. It happened with Apple and Microsoft in the 1970s, AOL in the 1980s, Amazon, Yahoo, and Google in the 1990s, and Facebook in the 2000s. But the 2010s […]
Read moreThe outsized yet fleeting move lower in the stock market after the release of Donald Trump Jr.’s emails that set up a meeting with a Russian lawyer was not confirmed in a flight to safer investments such as bonds and gold, Wall Street veteran Art Cashin told CNBC on Tuesday. The thin summer volume in […]
Read moreAs Snap sinks further below its $17 IPO price, one professor of business unloaded on the company. “Investing in Snap like driving drunk,” NYU Stern Professor Scott Galloway told CNBC’s Squawk Alley on Tuesday. Snap is the “most overvalued company in the world,” Galloway said. “I think [investing is] something no responsible person should do,” […]
Read moreAs stocks continue to scale new heights in an 8-year-old bull market, BlackRock strategists say investors still aren’t taking enough risk. The world’s biggest asset manager, handling some $5.4 trillion for clients, dismissed fears that the equity rally is at risk of derailing due to old age and complacency. Instead, its experts believe that many […]
Read moreFor years, cities around the world have tried to dethrone Silicon Valley as the best place to be a tech entrepreneur. But LinkedIn founder and Greylock Partners venture capitalist Reid Hoffman says the key to the Valley’s staying power often goes overlooked. “When you listen to people talk about what the ‘secret of Silicon Valley’ […]
Read moreJefferies has a bullish view on the biotechnology sector, releasing a list of stocks it says are poised to climb entering 2018. “We are fundamentally positive on the Biotechnology sector,” wrote Jefferies analyst Michael Yee in a note on Tuesday, noting it has lagged other sectors, has been underweighted by institutions, and is not expensive […]
Read moreA Morgan Stanley analyst’s downgrade of Snap was an “obituary,” and the social media company is struggling in the mobile ad space like Twitter, CNBC’s Jim Cramer said Tuesday. “Snap, crackle, pop,” Cramer said on “Squawk on the Street.” “This is (Mark) Zuckerberg going after them in a way that is only – it’s not […]
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