Business

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.  Last week, Google complied with the European Union’s $5 billion antitrust ruling by changing how it bundles its apps, and allowing phone
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Hired added blockchain as a sub-role to its service at the end of 2017, and since then, the company has seen postings for jobs that seek employees with blockchain as a desired skill rise by 400 percent. “There’s a ton of demand for blockchain,” said Mehul Patel, CEO of Hired. “Software engineers are in very
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Joe Horowitz is a venture capital traditionalist. He believes in best practices, business fundamentals and calculated bets. But as megafunds and hundred-million-dollar rounds balloon valuations and flood the space, the Icon Ventures managing general partner finds himself fighting money with money. “If we don’t adjust to the reality of the implications of what the megafunds
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A quarter of Venmo users are currently using PayPal’s millennial-friendly payments app in a way that the financial technology company can monetize, PayPal Chief Financial Officer John Rainey told CNBC on Friday. “If we look at the most recent quarter, roughly one in four Venmo customers are using Venmo in a way today that we’re
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Tesla’s future as a mass-market car company hinges on efficient, automated production of the Model 3. Tesla will lose $6,000 for every $35,000 Model 3 it sells, says UBS analyst Colin Langan. It only breaks even if the car sells for over $41,000. Tesla has yet to produce the $35,000 base model of the Model
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Less than a month after survey software company SurveyMonkey held its public market debut, one of its top rivals, Qualtrics, announced plans to follow suit. Qualtrics filed its IPO prospectus on Friday, and will soon join SurveyMonkey on the Nasdaq Stock Market, trading under the symbol XM, which refers to “experience management.” Qualtrics, whose technology
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China’s economic growth slowed more than expected to the weakest pace since the first quarter of 2009 as the country’s trade war with the U.S. puts pressure on growth, according to official data released on Friday. The world’s second-largest economy said its economy grew 6.5 percent year-over-year in the third quarter of 2018. That missed
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Kraft Heinz Co.: “You know, 4.4 percent yield. I vastly prefer Verizon. If I want to get decent growth with good yield, I’m going Verizon. It’s got better growth than Kraft Heinz. I have to disagree with that pick.” KeyCorp: “It’s going to report tomorrow. The stock is acting hideously. It’s down 7 percent for
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The potential merger of Caesars Entertainment and billionaire Tilman Fertitta’s Golden Nugget Casinos is part of a larger trend of M&A activity in the gaming industry spurred by low valuations, according to Chad Beynon, senior analyst at Macquarie. Beynon told CNBC’s “Power Lunch” on Wednesday that despite strong fundamentals, valuations in the gaming industry are
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IBM will release earnings results for its fiscal third quarter after markets close on Tuesday. Here are the key numbers to watch: Earnings: $3.40 per share, excluding certain items, as expected by analysts, according to Refinitiv. Revenue: $19.10 billion as expected by analysts, according to Refinitiv. Analysts expect IBM’s revenue to drop on a year-over-year
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Ford released an all-new mid-sized sport utility vehicle in China on Monday, as the automaker contends with an aging product line and flagging sales in the world’s biggest car market. The Ford Territory is aimed at mid-sized SUV customers in small but fast growing cities across China, which Ford said is the country’s fastest growing
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