Sundar Pichai, CEO of Google, speaks to the media before the opening of the Berlin representation of Google Germany in Berlin on January 22, 2019. Carsten Koall | Getty Images News | Getty Images Google CEO Sundar Pichai addressed the privacy concerns surrounding his company on Tuesday, and told developers what they can expect in
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Health-care stocks are underperforming the market this year because some investors are overreacting to political “slogans” from Democratic presidential hopefuls, former Aetna Chairman and CEO Ronald Williams told CNBC Tuesday. Health care is the worst-performing sector in the S&P 500 this year as Sen. Bernie Sanders and other 2020 contenders push “Medicare for All,” a plan
The London Metal Exchange is targeting Asian retail investors amid interest in the region, its CEO, Matthew Chamberlain, told CNBC on Tuesday. The Hong Kong Futures Exchange (HKEX), which bought the LME in 2012, will be launching dollar-denominated mini contracts for six base metals in the coming months. The standardized monthly futures contracts will reference
In an email to its customers, uBiome, a start-up that sells health tests, said on Monday that it is suspending clinical operations for its health tests, including SmartGut and SmartJane. The company noted that it would continue to sell its direct-to-consumer product, Explorer. Any recent SmartGut or SmartJane tests will be cancelled, and payments for
Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla is raising $2.7 billion in fresh capital but that is only “a 12-month bridge,” as Elon Musk’s electric vehicle company
Ethan Brown, founder and CEO of Beyond Meat, attends his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters After exiting Beyond Meat, Tyson Foods said that it would roll out its own plant-based meat substitutes beginning this summer. The Jimmy Dean owner sold its stake in
Sam Edwards | Caiaimage | Getty Images After more than a decade of declines in heart failure-related deaths in the United States, more Americans are now dying from the condition as the obesity and diabetes epidemics rage on, according to a new study by Northwestern Medicine. The increase in heart failure deaths was especially high
Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository
David Einhorn, president of Greenlight Capital Andrew Harrer | Bloomberg | Getty Images At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk’s promises about Tesla’s self-driving vehicles amounted to “a lot of horse—t.” Greenlight is famously short shares in the electric car maker,
Disney, Lucasfilm Dark side, beware. One of the hottest “Star Wars” collectibles is a strong-willed, dual lightsaber-wielding Jedi named Ahsoka Tano. The character, voiced by Ashley Eckstein, has become a fan favorite since her debut in 2008 and is a highly sought after collectible. From toys and statuettes to clothing and accessories, Ahsoka is in
Interpublic Group of Companies Inc: “Very inexpensive advertising stock. I’m not gonna say pull the trigger, but it is inexpensive. Cedar Fair LP: “This youngin’ likes yield. So do I. I think it’s good. It’s better, frankly, than Six Flags. “ NextEra Energy Inc: “You’ve got a good one with Nextera. It’s a growth utility.
A drone is flown for recreational purposes in Syosset, New York. Bruce Bennett | Getty Images Talk about a special delivery. In the wee hours of April 19, a custom-made drone roughly the size of a washing machine lifted off from a neighborhood in southwestern Baltimore and whisked a human kidney to a nearby hospital,
It seemed to come out of nowhere. And actually, it kind of did. Warren Buffett, in a CNBC interview that aired Friday, revealed the behind-the-scenes moves that led Berkshire Hathaway to quickly commit $10 billion to help Occidental Petroleum buy Anadarko, the oil driller that Chevron had already agreed to purchase. In a matter of
European stocks were higher Friday morning, as investors digested another batch of corporate earnings and looked ahead to payrolls data in the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 Index was up around 0.3% during mid-morning trade, with most sectors and major bourses in positive territory. Europe’s personal and household goods
Beyond Meat isn’t thinking as much about other makers of plant-based meat substitutes — like rival Impossible Foods or Nestle — as it is on taking down the mammoth meat industry. “We really don’t focus on the plant-based meat sector as much as we focus on the meat sector itself. That’s a $1.4 trillion industry
The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California. Justin Sullivan | Getty Images Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. The German firm posted operating profit of 3.9 billion euros ($4.4 billion) for the
Kohl’s Corp.: “Kohl’s is run by the fabulous [CEO] Michelle Goss, who is doing a great job. Heavily shorted stock, that makes no sense. I know the quarter’s not gonna be that great, but I say [buy].” Exxon Mobil: “You’re not going to get hurt with a 4% yield buying Exxon at these prices, but
Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019. Stephen Lam | Reuters Facebook CEO Mark Zuckerberg is excited about payments and private commerce. “When I think about all the different ways that people interact privately, I think payments is one
Editor’s Note: Updates have been made throughout this story to correctly report that Amazon is not shutting down Souq. Rather, the brand is still available in Saudi Arabia and Egypt. Amazon launched a new Middle East marketplace on Tuesday, two years after buying the Dubai-based e-commerce company Souq.com for $580 million. With the launch, Amazon said
Amazon launched a new Middle East marketplace on Tuesday, two years after buying the Dubai-based e-commerce company Souq.com for $580 million. With the launch, Amazon said Souq.com will effectively shut down. The Souq.com URL now automatically takes you to Amazon.ae. “We are proud to announce that we are now Amazon.ae,” Amazon wrote in a letter