Pershing Square Capital’s William Ackman has had some successes in recent years, but also some big flops, with Netflix being the latest example. Bryan Bedder/Getty Images for The New York Times ...
Tag: Technology
AT&T CEO John Stankey on the Dividend, Inflation, and Why to Buy the Stock
The focus is on 5G wireless and fiberoptic broadband services. DirecTV, WarnerMedia , Vrio, and Xandr all are gone or in the process of being divested. AT&T (ticker: T) completed the spinoff of it...
Cramer’s lightning round: Don’t sell Marvell Technology
OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” SoFi Technologies Inc: “Here’s the problem. This thing was built as a way to be...
Kevin Costner explains his road trip travel app HearHere
Kevin Costner knows a good story when he hears one. That’s why he said he was intrigued when he heard about an app designed to alert travelers of notable, yet often unnoticed, places of interest...
SpaceX signs Starlink inflight Wi-Fi deal with charter carrier JSX
SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter company JSX, as Elon Musk’s firm moves into the in-flight Wi-F...
Netflix sheds subscribers and CNN+ will shut down amid competition from Disney, Hulu, HBO, Amazon Prime and Apple. Have we finally hit peak streaming?
Media companies keep dueling for more streaming subscriptions, but viewers might be tapping out in the clash for their attention — and their cash. Netflix on Tuesday reported a first-quarter net loss ...
Elon Musk Lines-Up $46.5 Billion To Fund Twitter Buy, Mulls Tender
Updated at 11:19 am EST Twitter (TWTR) – Get Twitter, Inc. Report shares edged higher Thursday after billionaire Tesla (TSLA) – Get Tesla Inc Report CEO Elon musk said he is still intere...
This Is What Tesla CEO Elon Musk’s Other Company Is Worth
Text size The Boring Company, Elon Musk’s tunneling company, just raised more capital. Robyn Beck/Getty Images One of Elon Musk’s companies just got more valuable. No, this isn’t about Tesla (ti...
Netflix Is Going to Start Cracking Down on Password Sharing. It May Be Too Late.
Text size Netflix’s popular Squid Game TV series. Courtesy Netflix Netflix free-loaders, beware. The streaming giant is preparing to crack down on password sharing in a bid to boost revenue as s...
CNN+ will shut down April 30, just one month after launch
A Jeep Wrangler Rubicon sits on an outdoor track during the press preview of the International Auto Show at the Jacob Javits Convention Center in New York City on April 13, 2022. Timothy A. Clary | AF...
Planet details Pelican line of Earth imaging satellites
A graphic rendering of a Pelican satellite. Planet Earth imaging and data specialist Planet Labs on Thursday unveiled details of its new line of Pelican satellites, as the company looks to further exp...
Binance removes Twitter emoji that resembled a swastika after outcry
The logo of cryptocurrency exchange Binance. STR | NurPhoto via Getty Images Cryptocurrency exchange Binance removed and redesigned an emoji on Twitter, after outcry from users who pointed out it look...
Nvidia Stock Could Be in for Trouble. Evidence Is Piling Up.
Text size Nvidia is now the most valuable semiconductor company in the U.S. Dreamstime Nvidia ’s incredible winning streak may soon be coming to an end. The red-hot maker of graphics chips is facing h...
Ford announces Lincoln Star EV concept, four new EVs to debut by 2026
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents i...
Carvana stock claws back despite ‘uniquely difficult environment’ that hit earnings
Shares of Carvana Co. were bouncing back in after-hours trading Wednesday after the used-car retailer admitted that both industry-wide and company-specific issues impacted its business in the first qu...
Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.
Tesla’s first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla’s new factory in Texas. SUZANNE CORDEIRO / AFP / Getty Images Text siz...
Tesla Tops Q1 Earnings Forecast, Record Sales, Improving Margins
Updated at 5:15 pm EST Tesla (TSLA) – Get Tesla Inc Report posted stronger-than-expected first quarter earnings Wednesday, with record revenues and a big jump in profit margins, as the clean-en...
Alphabet Gets New Street-Low Price Target. This Analyst Still Likes the Stock.
Text size The Google corporate logo and Google Cloud logo stand outside Google offices in Germany. Sean Gallup/Getty Images Alphabet shares were ticking higher Wednesday, even after Google’s parent co...
Goldman exec Dustin Cohn leaves for real estate investing start-up Cadre
Dustin Cohn, chief marketing office of Cadre Source: Cadre Goldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has l...
Bitcoin ‘tribalism’ holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around...
Legacy media disrupted Netflix with streaming offerings, now it risks similar fate
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in t...
Leading Web3 companies launch $7M challenge to advance zero-knowledge technology
A coalition of 32 leading companies, foundations, and funds have joined forces to launch ZPrize, an industry-sponsored contest offering $7 million in prizes to accelerate zero-knowledge cryptography. ...
Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI Transaction Costs – Technology Bitcoin News
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper...
Game of Silks Secures $2 Million to Merge Thoroughbred Horse Racing with Web3 Technology
Anyone can join the Game of Silks by acquiring an NFT, providing investment exposure. Silks Avatars, 3D avatars tied to one’s online identity, will represent user identities. Game of Silks puts a diff...
Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says
With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhu...
Here are 30 stocks that Goldman Sachs likes when the economy stutters and markets gyrate
Wall Street is finding some traction for Tuesday, as investors wade through big earnings and ample, gloomy distractions. Fighting has ramped up again in Ukraine as the battle begins for the country’s ...
Plug Power’s Walmart Deal Is a Step in the Right Direction, Analyst Says
Text size Plug Power stock has gained about 4% the last 12 months. Courtesy Plug Power Plug Power’s recent deal with Walmart is solid validation for investors that the company’s green hydrogen investm...