Plenty of market-watchers have produced countless obituaries for the mall-based retailers, but on Tuesday, CNBC’s Jim Cramer floated a counterargument about the space. “As far as I’m concerned, it’s a perception problem,” the “Mad Money” host said. “The popular perception that the stores in the mall are dying is certainly […]
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Oscar Health, Josh Kushner’s health insurance start-up, raises $165 million from Alphabet and others
Disrupting health insurance is no easy feat, but the investors behind Oscar Health, the start-up co-founded by Joshua Kushner, believe the company has got the model right and is poised for massive growth. Oscar Health has raised $165 million in new funding in a round led by Founders Fund, with […]
Cramer’s sell-off strategy: Don’t own oil stocks for the long term
CNBC’s Jim Cramer doesn’t exactly have a rosy outlook on the future of the oil industry. “You know what? Long term in the oil world’s quite bad,” the “Mad Money” host told a caller in a sell-off strategy session after Tuesday’s market drop. Cramer referenced his Monday segment on Wall […]
Cramer: Nvidia and Twitter’s stocks are the best examples of the unforgiving market
As stocks sold off dramatically into Tuesday’s close, CNBC’s Jim Cramer knew investors were asking themselves a critical question. “Was yesterday’s rally an aberration, with today’s sell-off being the real deal continuation of last week?” the “Mad Money” host said. “Or was today’s sell-off just part of some sort of […]
Why Apple is still a powerful contender in education, despite Google’s gains
Apple‘s new $299 iPads are likely to spur interest in classrooms — even if they’re not as cheap as low-end options from Google — according to firms that work with Apple on education. Apple hosted a low-key event on Tuesday in Chicago focused on the educational market, where it revealed […]
Atlanta still grappling with widespread computer hack: officials
Atlanta is still struggling with its ability to collect online payments of bills and fees, officials said on Monday, four days after a ransomware attack snarled the computer system of Georgia’s capital city. Hackers caused outages of services offered through the city’s website and broader computer system while demanding a […]
Wall Street bonuses are way up again—here are the best ways to use extra cash
Wall Street bankers will be enjoying particularly large bonuses this year. According to data released by the New York state comptroller on Monday, the annual bonus for the average Wall Street worker jumped 17 percent in 2017 to an estimated $184,220. That’s the highest it’s been since before the financial […]
US to end special status for Liberian immigrants: White House
President Donald Trump said on Tuesday that special legal status for certain immigrants from Liberia, including Temporary Protected Status or Deferred Enforced Departure, will end on March 31, 2019. “Liberia is no longer experiencing armed conflict and has made significant progress in restoring stability and democratic governance,” a White House […]
Meet the Lebanese billionaire behind the new Facebook alternative social app Vero
Billionaire Ayman Hariri — whose Lebanese prime minister father was assassinated in 2005 and whose half-brother Saad is the current prime minister — is taking on Mark Zuckerberg. The 39-year-old Hariri’s new social sharing platform Vero — billed as an anti-Facebook app — has soared in popularity from just 200,000 […]
Here’s the real nightmare scenario for self-driving cars
After nearly 10 years of relentless hype for autonomous (“self-driving”) vehicles, the bloom seems to be coming off the rose. In terms of the hype cycle outlined by research consultancy Gartner, autonomous vehicles are plunging down from the “peak of inflated expectations” into the “trough of disillusionment.” One form the […]