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Monthly Archives: August 2018

Google CEO Sundar Pichai on Project Dragonfly censored search in China

David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  At an internal meeting on Thursday, Google CEO Sundar Pichai expressed interest in continuing to expand the …

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Tesla ex-security employee alleges theft, drug dealing and spying

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. A former Tesla security employee named Karl Hansen has filed a whistleblower complaint with the SEC, accusing the electric vehicle maker …

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As Amazon narrows choice for HQ2, these cities finishing strong

Lisa Werner | Moment Mobile | Getty Images Amazon corporate office building in Sunnyvale, California As Amazon narrows down the choices for its coveted $5 billion second headquarters, it would do well to consider Austin and Dallas — the two finalists located in Texas, CNBC’s 2018 America’s Top State for …

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Queen of Soul Aretha Franklin has died: AP, citing publicist

Paul Natkin | Archive Photos | Getty Images Aretha Franklin performs on stage at the Park West Auditorium, Chicago, Illinois, March 23, 1992.  Aretha Franklin, the long-reigning “Queen of Soul” who sang with matchless style on such classics as “Think” and her signature song, “Respect,” died Thursday at age 76, …

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JD.com’s second-quarter revenue soars 31.2%, but misses estimates

Qilai Shen | Bloomberg | Getty Images A woman stands next to signage incorporating the logo of JD.com, and the company’s mascot ‘Joy,’ at the company’s headquarters in Beijing, China. Shares in JD.com, China’s second largest e-commerce firm, slid on Thursday after the company’s revenues fell short of analysts’ estimates …

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Trump says his tariffs are saving US steel industry

Saul Loeb | AFP | Getty Images President Donald Trump speaks about trade at US Steel’s Granite City Works in Granite City, Illinois July 26, 2018.  President Donald Trump believes his divisive metals tariffs will save the American steel industry — despite any pain the duties have caused so far. …

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Here are the stocks the top-performing hedge funds are buying — including Tempur Sealy

Well-known hedge-fund managers such as David Tepper and Dan Loeb get much of the attention, but there are lower-profile stars that are performing even better and beating the market. CNBC used Symmetric.io, a top hedge-fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought, according …

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Evercore ISI tours Tesla’s Model 3 facility 

Mason Trinca | The Washington Post | Getty Images Damien Boozer and Paul Jacob work on the general assembly of the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018.  Tesla is on track to clinch a steady weekly Model 3 production rate above …

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Boeing share price could rise 50 percent UBS says

Andrew Matthews – PA Images | PA Images | Getty Images A Boeing 737 Max gives a display during the opening day of the Farnborough International Airshow in Hampshire. (Photo by Andrew Matthews/PA Images via Getty Images) Analysts at Swiss bank UBS have raised their 12-month price target for Boeing …

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Amazon in talks about UK insurance comparison website: Reuters

Patrick Fallon | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Amazon is speaking with a number of leading European insurers about the creation of a price comparison website in the U.K., Reuters reported Thursday. The report, which cited three executives within the insurance industry, said …

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