As stocks sold off on Wednesday, CNBC’s Jim Cramer noticed a disturbing pattern occurring in the market. “The wrong stocks are going up,” the “Mad Money” host warned. “The universe of winners has gotten incredibly small.” Cramer could count the winning stocks — almost all involved in cloud-based functions in […]
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Before we all smash our computers and phones with hammers, remember why we fell in love with tech
The tech backlash has gotten ridiculous. Yes, a lot of people working at tech companies have behaved badly, and their products have flaws. In particular, tech product design has pre-supposed a zero-sum game for the user’s attention, which has created a landscape of red dots and hyper-partisan Facebook posts competing […]
Rick Perry says relationship with Canada and Mexico could become ‘uncomfortable’
U.S. Energy Secretary Rick Perry on Wednesday said his country’s relationship with Canada and Mexico could become “uncomfortable” during negotiations over their free trade agreement. Perry made his comments during a panel with Canadian Minister of Natural Resources James Gordon Carr and Mexican Secretary of Energy Pedro Joaquin Coldwell at […]
McDonald’s is turning its golden arches upside down to make a statement
At first glance, it might seem like a McDonald’s in Lynwood, California has been the victim of a prank. As Business Insider reports, the restaurant’s trademark golden arches have been entirely flipped upside down. But franchisee Patricia Williams says that’s not the case. Rather, it’s in celebration of International Women’s […]
White House says Trump may exempt Canada, Mexico from tariffs
The White House seems to be softening its stance on steel and aluminum tariffs. When asked if countries will be able to get exemptions from tariffs, Press Sec. Sanders opened the door to the possibility. “We expect that the President will sign something by the end of the week. And […]
Amazon is aware that Alexa is scaring people with seemingly random laughter
Amazon is aware that its Alexa virtual assistant has been freaking people out with seemingly random and “creepy” laughter and is working to fix the issue, the company told CNBC in a statement. Over the last several weeks, some owners of Amazon’s Echo smart speakers or other Alexa-enabled devices have […]
Cohn’s departure is the toughest economic and political test yet for Trump
The market has seen this show before: A key member of the Trump administration walks out the door, leaving the investing world to ponder whether it’s the sign of deeper dysfunction that could derail what has so far been a distinctly pro-business agenda. Previous episodes, though, have resulted in few […]
Bitcoin just tanked below $10,000 after SEC says crypto exchanges must register with agency
Bitcoin fell more than 8 percent Wednesday, falling below the key $10,000 level after the Securities and Exchange Commission said it will require digital asset exchanges to register with the agency. The largest cryptocurrency dropped nearly 9 percent to $9,686 on Coinbase after the SEC statement stoked fears tightening regulation […]
Starbucks is opening its Costa Rican coffee farm to the public. Here’s what visitors will see
When Starbucks first purchased the farm in Costa Rica, it was in bad shape. While the brand had the funds to revitalize the land, it chose not to. Instead, it hired Victor Trejos to manage the farm and renovate it with the same approach to investment and planning that a […]
Bank of America’s two charts that show the bond bloodbath is coming to an end
A chorus of analysts has called the end of the 30-year bond bull market. Not so fast, says one trader. “I have about six reasons in total from a technical perspective to be at least counter-trend bullish bonds right now,” Paul Ciana, global chief FICC technical strategist at Bank of […]