New Zealand’s central bank kept its benchmark interest rate at a record low of 1.75 percent on Thursday, and reiterated it would remain unchanged for a while yet, while adding that the economic outlook was promising. The Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler said monetary policy “will remain accommodative for a considerable […]
Read moreFormer Uber CEO Travis Kalanick long resisted two things: Approving tips that would boost the income of Uber drivers, and making it easy for Uber employees to get rich by selling shares in the company. “Uber has the most draconian stock-transfer rules in Silicon Valley,” says Barrett Cohn, founder and managing director of Scenic Advisement, […]
Read moreAdobe Systems Chairman, President and CEO Shantanu Narayen sees a bright — and much more streamlined — future when it comes to his company’s partnership with fellow tech titan Microsoft. “I think both companies share this common vision of being able to help businesses transform,” Narayen told “Mad Money” host Jim Cramer on Wednesday. “When […]
Read moreWith investors in an endless conflict of growth versus value, Jim Cramer wanted to right the record about the stock market’s current darlings, high-growth names. “As the creator of FANG, my fabulous acronym for Facebook, Amazon, Netflix and Google, now Alphabet, I think I have a good read on what’s hot and what’s not,” the […]
Read moreAltice USA Inc, the cable operator that Netherlands-based Altice NV formed by acquiring Cablevision and Suddenlink Communications, raised $1.9 billion in an initial public offering on Wednesday, people familiar with the matter said. Taking Altice USA public will give Altice’s founder, French billionaire Patrick Drahi, traded shares in the company which he can then use […]
Read moreUber’s public relations crises and management shakeups is affecting how the public looks at the service. “There’s a negative perception – there’s no other way to look at this,” said Frank Zaccanelli, CEO of marketing consulting firm Fiamma Partners. “The average consumer is concerned that there’s too much turmoil going on in the company and […]
Read moreUber CEO Travis Kalanick resigned this week after a group of investors pressured him to step down. Kalanick co-founded Uber in 2009 and it is widely observed that the company and its aggressive culture were formed in his image. That, it turns out, was both a good and a bad thing. On the positive side, […]
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The price of ethereum, a bitcoin rival, fell more than 15.5 percent Wednesday amid a flood of demand and increased worries it may face a divisive debate on how to upgrade its network. Ethereum, also known as ether, traded near $303 Wednesday afternoon, according to CoinDesk. The sharp fall comes after ethereum shot up more […]
Read moreJeff Bezos made his fortune founding Amazon, and spent $250 million of that fortune buying The Washington Post in 2013. After nearly four years running the Post, which Bezos says turned a profit in 2016 and is expected to do the same this year, Bezos has some valuable lessons to pass along to the rest […]
Read moreIn the wake of the resignation by Uber CEO Travis Kalanick and expectations for the company to hold an initial public offering in the near future, Jared Carmel said in an interview Wednesday with CNBC’s “Power Lunch” that it was the right time for the company to have new leadership. Carmel, a managing partner at […]
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