It was the summer of 1998 and it was just two months after Netflix had officially launched (back then it was a movies-by-mail subscription service); the start-up’s co-founders — Reed Hastings and Marc Randolph — got a call from Amazon. “Jeff [Bezos] wanted to meet us,” Randolph tells CNBC Make […]
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Saudi oil attacks could be a precursor to cyberwarfare, with collateral damage for companies
udi defence ministry spokesman Colonel Turki Al-Malik displays on a screen drones which Saudi government says attacked an Aramco oil facility, during a news conference in Riyadh, Saudi Arabia September 18, 2019. Hamad I Mohammed | Reuters A recent attack against Saudi Aramco damaged the world’s largest oil producer and […]
Wall Street analysts say these stocks have ‘underappreciated’ stories
Assorted boots from Boot Barn. Adam Jeffery | CNBC Investors looking for value should look no further than “underappreciated” stocks such as Boot Barn, Pure Storage, Roku, Upwork, Lam Research, and Nasdaq, according to Wall Street analysts. CNBC combed through recent Wall Street research to find companies that analysts say […]
How NBC’s SNL firing could have been avoided, but also why it couldn’t
Shane Gillis performs onstage at the 2019 Clusterfest on June 21, 2019 in San Francisco, California. Jeff Kravitz | FilmMagic, Inc | Getty Images Four days after it was announced that Shane Gillis would join the cast of “Saturday Night Live” for the show’s 45th season, Gillis was fired. The […]
MasterCard’s stock rallies nearly 50% this year, boosted by strong consumers
Andrew Harrer | Bloomberg | Getty Images The world’s second-largest payment processor is approaching a decade-long run for the company’s stock. Shares of MasterCard are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital. MasterCard’s stock is up 46% […]
The solar industry has grown exponentially thanks to plain old solar panels
Elon Musk may have promised the world Tesla solar roof tiles in 2016, but turns out the solar industry may not need the upgrade. The industry has been growing exponentially thanks to plain old solar panels. You can see the evidence both on people’s rooftops and in the desert, where […]
GM buyers and owners could soon start feeling impact of UAW strike
General Motors Co. (GM) Chevrolet vehicles are displayed for sale on the lot at Phillips Chevrolet car dealership in Frankfort, Illinois. Daniel Acker | Bloomberg | Getty Images The strike against General Motors by 48,000 United Auto Workers Union members is set to enter its second week unless negotiators break […]
The stock market rotation that rocked investors this month may have been driven by a technicality
A trader works at the New York Stock Exchange in New York. Wang Ying | Xinhua News Agency | Getty Images What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based […]
Iran’s oil attack presents most critical test yet for Trump’s foreign policy
Journalists gather next to a damaged installation in Saudi Arabia’s Abqaiq oil processing plant on September 20, 2019. Fayez Nureldine | AFP | Getty Images Iran’s audacious drone and cruise missile attack last weekend on Saudi Arabia’s oil producing facilities has provided the most critical test yet for the Trump […]
Blackstone: Even a ‘smaller’ US-China deal could be good for business confidence
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images With business confidence already badly hit by the U.S.-China trade war, even a small deal reached between the two countries […]