Google CEO Sundar Pichai has no regrets about firing James Damore, the engineer responsible for a controversial diversity-related memo last fall, though he said the way it played out in public was unfortunate. “I regret that people misunderstand that we made this decision because of a political belief one way […]
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‘People are underestimating the impact of the tax reform’ says Ken Moelis, Wall Street veteran
As the new Republican tax policy takes effect, investors brace for changes in the market. But Ken Moelis, CEO of Moelis & Co. and a Wall Street veteran, said the magnitude of the changes is bigger than most people realize. “People are underestimating the size and impact of the tax […]
Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies
After a mixed earnings report from Goldman Sachs sparked a debate among Wall Street’s bulls and bears, CNBC’s Jim Cramer offered a piece of advice to the bank’s well-known CEO. “Whenever Goldman’s results hit an air pocket, it always finds a new way to make money. My suggestion to CEO […]
Earnings dominate the week ahead, but interest rates could be a big deal after bond market crushing
A blast of earnings news from companies as diverse as Caterpillar and Netflix could help boost stocks in the coming week, but a bigger story may end up being the quiet move higher in interest rates. There are also a few important economic reports, including Fridays’ durable goods and fourth-quarter […]
WWE is a ‘data powerhouse’ thanks to content, growth and digital, CFO says
With nearly $800 million in revenues, a $2.6 billion market cap and 850 million social media followers, World Wrestling Entertainment isn’t the tiny ticketing business it was 35 years ago. A massive overhaul of the wrestling network in 2013 and 2014 drove the “wave of growth” that made it a […]
Cramer: The Amazon Prime rate bump is a clarion call to buy the stock
When a company like Amazon raises the prices for its service and nobody cares, CNBC’s Jim Cramer sees a clear next move. “When you see something like that, it’s about as clear a buy signal as you are ever, ever, ever going to get,” the “Mad Money” host said on […]
Elon Musk invited 10 people who bought Boring Company hats to tour the LA tunnel
The prospect of visiting a construction site may not sound that exciting — unless the invite comes from billionaire serial entrepreneur Elon Musk and the site is The Boring Company’s Los Angeles tunnel. In December, the CEO of SpaceX and Tesla tweeted that anyone who bought one of the 50,000 […]
Cramer’s game plan: Watch individual stocks amid the earnings deluge
Even with a government shutdown looming, CNBC’s Jim Cramer expected good things for the next leg of earnings season. “Earnings season is upon us and it is always a guessing game, but this time around the rules have changed,” the “Mad Money” host said. “Rather than worrying about whether companies […]
#MeToo founder Tarana Burke has big plans for the movement in 2018
After hearing numerous stories about trauma from sexual assault and violence, Tarana Burke knew she had to do something to help the many survivors, like herself, heal. And so in 2006, Burke co-founded an organization called Just Be Inc., where she focused on improving the health and well-being of young […]
Macau police hunt for HK$48 million in gambling chips after Wynn casino robbery
Macau authorities are tracking down almost HK$48 million worth of cash chips stolen from Wynn casino earlier this week, following the arrest of a debt-ridden croupier and his elderly relative in connection with the crime. Four Wynn Macau chips were among banknotes and other items seized from the two suspects […]