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GM developing autonomous vehicles at a fast pace, Deutsche Bank says

Jeff Kowalsky | Bloomberg | Getty Images Mary Barra, chief executive officer of General Motors Co. (GM), stands next to a Chevrolet Bolt EV self-driving test car while speaking during a news conference at GM’s headquarters in the Renaissance Center in Detroit, Michigan, U.S., on Thursday, Dec. 15, 2016. General …

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T-Mobile and Sprint stock-for-stock deal to reflect ‘at market’ price

Patrick T. Fallon | Bloomberg | Getty Images John Legere, chief executive officer of T-Mobile US. T-Mobile and Sprint are entering due diligence in a stock-for-stock deal that is expected to make Deutsche Telekom the controlling owner, sources tell CNBC’s David Faber. The exchange ratio for the stocks is expected …

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Thin lines, quicker ship times mean iPhone 8 sales to fall short

David Mareuil | Anadolu Agency | Getty Images Customers inspect new iPhone 8 and plus models at a telecom shop in Omotesando Avenue in Tokyo, Japan on September 22, 2017. The analyst revised his September quarter sales and earnings per share forecasts for Apple to $49.5 billion and $1.79 from …

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Facebook settles class action lawsuit

Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg delivers the keynote address at the 2017 Facebook’s F8 Developer Conference Facebook on Friday settled a lawsuit over issuing reclassified shares that some investors argued would decrease the value of their investment. The class action shareholder lawsuit was intended to block …

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iPhone 8 and Apple Watch Series 3 are sold out in some places

Apple CEO Tim Cook cheers alongside Apple Store employees in Palo Alto, Calif. for the launch of the iPhone 8 on Sept. 22, 2017. “Our users are really smart, so they can decide what they want, and we try to help guide them in our stores and I’m sure the …

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Strategist predicts bitcoin, digital currency trading volume will ‘soon surpass’ Apple’s

Digital currency trading is exploding and daily volume could “soon” surpass that of Apple, according to a strategist closely followed by hedge funds. “Cryptocurrency trading volume is now more than of $3bn/day on average, and will likely soon surpass that of the world’s most liquid stock: Apple ($4bn/day),”Jens Nordvig, founder …

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Buy Apple because more expensive $1,000 iPhone X will boost its profit: Analyst

David Paul Morris | Bloomberg | Getty Images An attendee takes a photograph of the Apple Inc. iPhone X during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple’s roll out of two major new iPhone models this year will pay dividends …

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Gatorade pays California $300K, settles anti-water complaint

Getty Images C.J. Wilson #98, T.J. Lang #70 and Ryan Pickett #79 of the Green Bay Packers dump Gatorade on head coach Mike McCarthy after they defeated the Pittsburgh Steelers 31 to 25 in Super Bowl XLV at Cowboys Stadium on February 6, 2011 in Arlington, Texas. Just because drought-ravaged …

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Google X’s Astro Teller on gender equality in Silicon Valley, Alphabet

Getty Images Scientist Dr. Astro Teller speaks speaks at Goalkeepers 2017, at Jazz at Lincoln Center on September 20, 2017 in New York City. Silicon Valley does have a male-dominated culture that doesn’t easily cater to diversity, said Dr. Astro Teller, head of Alphabet’s research-and-development division X. However, that mentality …

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BlackBerry, Delphi self-driving car partnership bumps stock 5%

Brendan McDermid | Reuters John Chen, CEO, Blackberry Auto suppliers Delphi Automotive and BlackBerry will partner on a software operating system for self-driving cars, the partners said on Wednesday. Delphi already has developed a turnkey self-driving system called CSLP that it plans to begin selling to smaller automakers in 2019, …

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