Over the years, CNBC’s Jim Cramer found that when it comes to investing, some of the best advisors have been none other than his two teenage daughters. “We all know that teenagers are incorrigible. The last thing they want to hear about is stocks. They have bigger fish to fry. […]
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CEO of controversial crypto company Longfin blames short sellers for stock plunge
The head of a small company that has attracted controversy over its ties to cryptocurrency said that he is not going to sell his shares while he is fighting $1.4 billion in bets against the stock. “I’m not going to sell [for] the next three years,” Longfin CEO and Chairman […]
Nike HR Chief says company ‘has failed’ to hire and promote more women and minorities
Nike “has failed to gain traction” in hiring and promoting more women and minorities to senior-level positions, according to a memo Nike’s HR Chief sent to employees on Wednesday. The announcement came just a couple weeks after allegations of inappropriate workplace behavior led to changes in the executive ranks at […]
Too much trade rhetoric from White House, not enough practical experience: Former Bush advisor
The U.S.-China trade conflict is now in the “escalation phase,” yet there is not a White House team that has practical experience in China, warned John Rutledge, a former advisor to President George W. Bush. “We don’t have a team here of people who have spent any time in China. […]
Cramer explains why investing for kids can have a huge payoff
Investing for children can be tricky, but CNBC’s Jim Cramer says that if you do it right, it can leave your loved ones much better off by the time they grow up than if you avoid it altogether. “Parents, grandparents, listen up. You can give all sorts of things to […]
After-hours buzz: FB, OLLI & VIAB
Check out the companies making headlines after the bell: Shares of Facebook gained nearly 3 percent post-market. The social media company announced a slew of new privacy measures on Wednesday afternoon that restrict third-party access to personal user data. The new measures come after a series of criticisms regarding the […]
Facebook’s privacy changes already briefly broke one app: Tinder
Popular dating app Tinder was briefly broken for some users on Wednesday due to outages in its Facebook login process. The app led users to an endless cycle of login errors and malfunctioned after sweeping changes to Facebook‘s restrictions on third-party apps and terms of service. “This was part of […]
China envoy says takes ‘two to tango’ in resolving trade dispute with U.S.
China‘s Ambassador to the United States Cui Tiankai said on Wednesday it was China’s preference to resolve the trade dispute with Washington through negotiations but “it takes two to tango.” Speaking to reporters after an hour-long meetings at the State Department with Acting U.S. Secretary of State John Sullivan, he […]
Facebook’s Mark Zuckerberg: ‘I’m responsible for what happened’
Facebook CEO Mark Zuckerberg is taking personal responsibility for letting third parties access Facebook user data without permission, and says the company will embark on a three-year push to prevent it from happening in the future. “I started this place, I run it,” Zuckerberg said during a call with reporters […]
Trump plan to send National Guard to border is in motion but is short on details, such as cost
President Donald Trump’s plan to deploy National Guard troops to the U.S. border with Mexico is in motion, with deployments coming as soon as Wednesday night, but otherwise the administration has few details about the action. A senior administration official, who spoke on condition of anonymity, reiterated much of what […]