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 […]
CNBC News
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 […]
Longfin loses a third of its value after the controversial cryptocurrency stock is booted from the Russell 2000
Shares of Longfin plunged for a second-straight day after FTSE Russell said it would remove the stock of the small, cryptocurrency play from the benchmark Russell indexes. Longfin (Ticker: LFIN) traded 37 percent lower Tuesday near $37.31 as of 2:20 p.m. ET. The little-known stock fell 16.6 percent Monday after […]
Trump privately proposed military funding for his border wall, report says
President Donald Trump has privately proposed funding his proposed wall on the U.S.-Mexico border through the United States military, the Washington Post reported Tuesday. The president made the suggestion to “several advisors” and House Speaker Paul Ryan last week, the newspaper said, citing three people familiar with a meeting between […]
Tesla shares drop to the lowest since May on fatal crash investigation, bearish analyst note
Tesla shares fell after the National Transportation Safety Board said it sent investigators to look into a fatal car crash last week in California, according to a post on social media. A negative analyst call from Citigroup also weighed on the stock, which has been under pressure this past one […]