The day after closing a $4.5 million round of funding for her tech start-up, Dandelion Energy CEO and co-founder Kathy Hannun gave birth to a healthy baby girl. Most entrepreneurs complain about how arduous the fundraising process is. That goes double for entrepreneurs working in “cleantech.” And triple for women […]
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China claims Kim Jong Un has agreed to denuclearize Korean Peninsula
China said on Wednesday it won a pledge from North Korean leader Kim Jong Un to denuclearize the Korean peninsula during a meeting with President Xi Jinping, who pledged in return that China would uphold its friendship with its isolated neighbor. After two days of speculation, China announced on Wednesday […]
Kim Jong Un just made his first-known international trip since taking power
North Korean leader Kim Jong Un visited China from Sunday to Wednesday on an unofficial visit, China’s state news agency Xinhua reported on Wednesday. The visit was Kim’s first known journey abroad since he assumed power in 2011 and is believed by analysts to serve as preparation for upcoming summits […]
It’s still a bull market, even as tech stocks tank: Analyst
Steve Chiavarone, vice president and portfolio manager at Federated Investors, said it’s still a bull market, despite today’s losses. “We’re about to enter not just a good earnings season, but the best since 2011,” Chiavarone told CNBC on “Fast Money” on Tuesday. He said the 2018 forecast for earnings growth […]
Asian shares poised for declines after tech drags on Wall Street
Asian stocks were poised for losses in Wednesday trade after U.S. stocks fell sharply on the back of declines in technology names. That cut short a rally seen in Europe and Asia’s Tuesday session linked to an apparent easing in trade-related tensions. All three major U.S. indexes closed lower despite […]
Cadillac kicks off lineup revamp with $36,000 XT4 crossover
Cadillac unveiled a completely new compact SUV on Tuesday in New York City at an event that executives have said will mark the start of a long-awaited reinvention of the brand. The XT4, a slightly smaller sibling to Cadillac’s current XT5, was revealed at Cadillac House before the New York […]
Kohl’s bets on smaller stores to fuel its growth. Here’s what that looks like
The smaller stores have about 60 percent less space and 60 percent less inventory than a standard Kohl’s, the company has said. The build-outs are much less capital intensive, according to Mansell, and merchandise is curated to meet a local market’s needs, more so than it is at bigger locations. […]
Cramer Remix: Hold the obits—the mall is alive and well
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 […]
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 […]