A Porsche that was expected to sell for over $20 million flopped on the auction block Saturday night, after the sale was thrown into disarray by a technical error. The car, a 1939 Porsche “Type 64” that was already facing controversy in the collecting world, hit the auction block Saturday night at RM Sotheby’s in
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Apple CEO Tim Cook Spencer Platt | Getty Images The two recent incidents involving Apple products show a growing risk to the company’s brand: the lithium-ion batteries that power its devices. First, the Federal Aviation Administration disclosed last week that some Apple laptops have been banned from flights. This comes after Apple recalled some 15-inch
Facebook told CNBC it has hired Daniel Povey, a speech recognition researcher who was fired this week from Johns Hopkins University. Dan Povey Fired Johns Hopkins professor Daniel Povey will not work for Facebook after all, he told CNBC on Friday. In May, Povey used bolt cutters to attempt to forcibly enter one of the school’s buildings
Kurbo app Scott Mlyn | CNBC Do your homework! Clean your room! Count your Weight Watchers points? Weight Watchers, which now calls itself WW, this week introduced a new app called Kurbo by WW to “help kids and teens ages 8-17 reach a healthier weight.” WW last year acquired Kurbo, a digital health start-up whose
Smoke billows from a fire outside Ljusdal, Sweden in July, 2018. Sweden is fighting its most serious wildfires in decades, including blazes above the Arctic Circle, prompting the government to seek help from the military, hundreds of volunteers and other European nations. Maja Suslin | TT | AP Smoke from massive fires in the Arctic
Take-Two Interactive Software: Plugged in for success Take-Two Interactive Software has gained more than 10% since reporting better-than-expected revenues in its fiscal first quarter and raising its full year revenue outlook. The company’s upside surprise included a 46% year-over-year increase in net bookings and 39% year-over-year improvement in net revenue. A leading video game publisher,
President Donald Trump, right, speaks as Tim Cook, CEO of Apple, listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. Zach Gibson | Bloomberg | Getty Images President Donald Trump tweeted on Friday that he plans to have dinner with Apple CEO Tim Cook. “Having dinner tonight with Tim
Brooklyn Nets owner Mikhail Prokhorov. Getty Images Brooklyn Nets owner Mikhail Prokhorov has agreed to sell full ownership of Barclays Center and his 51% controlling interest in the Nets to Alibaba co-founder Joseph Tsai. “It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow
Home to more than 1 billion people, India is a huge economic, political and cultural force and when it comes to renewable energy, Prime Minister Narendra Modi’s government has ambitious plans. In June 2019, Anand Kumar, the secretary of India’s Ministry of New and Renewable Energy, said the country planned to have 500 gigawatts of
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Nvidia’s CEO, Jensen Huang, has reason to be concerned about other chipmakers, like AMD. But he’s not worried about Nvidia’s own big
A Southwest Airlines jet. Scott Olson | Getty Images News | Getty Images Southwest Airlines is expanding its footprint in Hawaii as the carrier grapples with the fallout from the grounded Boeing 737 by courting tourists with low fares from the West Coast. Starting in January 2020, Southwest will offer a daily flight between Sacramento
As protests continue to roil Hong Kong, a widely followed economist has an idea about how to ease tensions: China, he said, needs to take power away from the city’s tycoons and fix its property market. The east Asian financial hub has been rocked by civil unrest in recent months with operations of Hong Kong
CNBC’s Jim Cramer said Wednesday that Macy’s earnings miss and forecast cut is not indicative of the retail landscape. In the fashion chain’s fiscal second quarter, shareholders took home 28 cents, well short of Wall Street’s 45 cent estimates, which triggered the stock price to free fall more than 13% in the session. “The Macy’s
Rep. Elijah Cummings, D-Md. Bill Clark | CQ Roll Call | Getty Images U.S. lawmakers on Wednesday accused three major pharmaceutical companies of “coordinated obstruction” and “apparent efforts to stonewall” an investigation on generic drug prices launched in 2014. Chairman of the House Committee on Oversight, Elijah Cummings, D-Md., along with Sen. Bernie Sanders, I-Vt.,
CNBC’s Jim Cramer said Tuesday that the banking sector is an “odd” winner from the tariff delay that President Donald Trump issued on a number of Chinese imports. He said the group ranks among the biggest losers whenever the U.S.-China trade war escalates and that it tends to catch a nice rebound when tensions ease.
Co-founder and CEO of Periscope, Kayvon Beykpour, speaks onstage during TechCrunch Disrupt NY 2015. Noam Galai | Getty Images | TechCrunch Following topics on Twitter is a chaotic experience. You type in a matter of interest, like a particular sports team or an event, and your feed fills up with all sorts of irrelevant posts
Democratic presidential hopefuls (fromL) US Senator from New Jersey Cory Booker, US Senator from California Kamala Harris and former Vice President Joe Biden applaud ahead of the second round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 31, 2019.
The easing of economic activity will give a boost to the companies of Dollar Tree and Darden Restaurants, but investors should be patient before investing in their stocks here, CNBC’s Jim Cramer said Monday. Dollar Tree, which owns Family Dollar as a subsidiary, will be able to better manage the costs of tariffs on Chinese
Take-Two Interactive Software CEO Strauss Zelnick said Monday it’s wrong to blame gun violence in the United States on entertainment, pushing back against President Donald Trump’s suggestion that “gruesome and grisly video games” played a factor in recent mass shootings in the country. Both comments come in the wake of two attacks in El Paso,
President Donald Trump gestures to the crowd of supporters during a campaign rally at the Allen County War Memorial Coliseum in Fort Wayne, Indiana, Nov. 5, 2018. Carlos Barria | Reuters Trade, immigration, health-care policy, jobs and the economy — these are the political issues over which elections are often decided. But as of now,