Salesforce has a new section in its annual report that’s entirely dedicated to one of CEO Marc Benioff’s biggest passions: social activism. In its filing disclosed on Friday, Salesforce added a new section titled “Environmental, Social and Governance” that highlights the company’s efforts in those areas. “We believe the business […]
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Top VC deals: Amazon backs Ecobee, Tencent bets on a used car marketplace, plus self-driving trucks
Here’s a round-up of the most important deals in venture capital from the past week. Tencent led an $818 million investment in Chehaoduo, an online platform for buying and selling cars in China. The company has scored $1.7 billion in funding thus far, according to Crunchbase. Earlier investors included U.S. […]
Trump’s Veterans Day military parade will not include tanks
A military parade requested by President Donald Trump will take place in November on Veterans Day in Washington D.C. but to minimize damage to roads, will not include tanks, a Pentagon memo released on Friday said. The memo listed a number of guidelines for the parade on Nov. 11. “Include […]
US has ordered Broadcom to give notice of steps to redomicile: Report
A U.S. national security panel has ordered Singapore-based chipmaker Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the United States, three people familiar with the matter said on Friday. The previously undisclosed requirement shows that the Committee on Foreign Investment in the […]
Cramer: The most bullish thing about police tech play Axon isn’t guidance. It’s how the CEO is paid
Even CNBC’s Jim Cramer was taken aback by the blowout quarterly earnings report from Taser maker Axon Enterprise. Shares of Axon roared 28 percent the day after the report and another 14 percent in the next week, making the “Mad Money” host wonder how Wall Street managed to underestimate it […]
Former Google engineer’s start-up slammed by FCC for unauthorized satellite launch
Satellite manufacturer Swarm Technologies is under scrutiny by the Federal Communications Commission (FCC) for the unauthorized launch of four prototype satellites in January, the regulatory authority confirmed to CNBC on Friday. The news was previously reported by IEEE Spectrum. Swarm — founded in 2016 by former Google and Apple engineers […]
Cramer: Kroger’s latest quarter made all the supermarket stocks look bad
When shares of supermarket chain Kroger tanked following the company’s earnings report, CNBC’s Jim Cramer knew he had to explain the stock’s roller-coaster action. The “Mad Money” host himself was shocked when Kroger’s stock ran from $21 in October to $31 at the end of January on practically no news. […]
NRA files lawsuit over Florida gun control law
The National Rifle Association has filed a federal lawsuit over gun control legislation Florida Gov. Rick Scott has signed, saying it violates the Second Amendment by raising the age to buy guns from 18 to 21. The lawsuit came just hours after Gov. Scott, a Republican, signed the compromise bill […]
Cramer’s game plan: Stop the hysteria and use weakness to buy
This week reminded CNBC’s Jim Cramer that the stock market often acts more reasonably than investors might expect. “If you sold stocks when everyone was panicking on Monday, you made a big mistake. The fears turned out to be overblown,” the “Mad Money” host said on Friday. “I’m proud of […]
Inflation data could be a big deal for markets as investors await new guidance from the Fed
Stocks could be volatile in the week ahead, as markets navigate a fresh release of inflation data and countdown to the Fed’s late March meeting. The bull market will also be starting off its 10th year, with the S&P 500 up about 312 percent from the low it set nine […]