Santa Cruz beach boardwalk amusement park. Santa Cruz, California. Mitch Diamond | Getty Images With a $2.6 billion proposal to buy Looker, Google will be getting more than just data analytics. It’s the first major acquisition under Google Cloud CEO Thomas Kurian, who is looking to make his mark six […]
CNBC News
Congress takes on Big Tech in hearing on anti-competitive behavior among digital giants
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Congress will begin its scrutiny of America’s tech giants on Tuesday amid growing discomfort in Washington over the power that the companies wield over the industry and public life. The House Judiciary Committee will hold its inaugural hearing Tuesday afternoon […]
Shutterfly strikes take-private deal with Apollo Global, valuing company at $2.7 billion
Shutterfly office in Santa Clara, California. Karen Desjardin | Getty Images Digital imaging company Shutterfly Inc announced on Monday that it’s agreed to be acquired by private equity firm Apollo Global Management, a deal valued at $2.7 billion. Apollo Funds will acquire all the outstanding shares of Shutterfly for $51 […]
Apple’s iTunes is dying, but don’t worry — your music and iTunes gift cards will live on
Apple Music will replace iTunes in macOS Catalina this fall. Apple When Apple launches its new Mac software, macOS Catalina, this fall, you’re going to see a lot of changes to iTunes. The app as you know it — regular ol’ iTunes — is being replaced by three apps, including […]
Slack sees slowing revenue growth ahead
Stewart Butterfield, co-founder of Slack and Flickr Mark Neuling | CNBC Team chat app company Slack on Monday provided guidance on its business for the current quarter, showing it expects slowing revenue growth as it prepares to go public later this month. Slack said in a statement that for the […]
4 hurdles ‘Avengers: Endgame’ faces as it seeks to dethrone ‘Avatar’
An Avengers fan holds tickets at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. Mike Blake | Reuters After its blockbuster start, some had expected “Avengers: Endgame” would go on to easily dethrone “Avatar” as the […]
Gold is setting up for a breakout years in the making, technical analyst says
Trade war uncertainties and expectations of a Federal Reserve rate cut has sent gold soaring this month. The precious metal is up more than 3 percent since the start of June, hitting its highest level in more than a year on Friday. According to Carter Worth of Cornerstone Macro, the […]
The search deal between Google and Apple took four months working ‘every single day’
Tim Cook participates in a panel discussion during the TIME 100 Summit 2019 on April 23, 2019 in New York City. Brian Ach | Getty Images Google pays Apple billions of dollars to be the default search engine in the Safari browser on iPhones and Mac computers. A deal like […]
Stocks making the biggest moves midday: Beyond Meat, GameStop, Tableau, Raytheon & more
Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading Monday: Beyond Meat— Shares of Beyond Meat popped more than 23%, on pace for its […]
Fed ‘insurance’ rate cuts while the economy is fine usually boost the stock market, history shows
A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters When the central bank cuts interest rates as a preventative measure, U.S. equity markets have historically done very well. So-called “insurance ” rate cuts with a backdrop of strong growth — which happened in 1995 and 1998 […]