Bitcoin is still a buy despite its continued losses, blockchain venture capitalist Spencer Bogart told CNBC. The digital currency’s increased number of use cases is proof that the popular form of money is being institutionalized. “Every major bank is trying to do something in the space,” Bogart, a partner at Blockchain Capital, told CNBC’s “Fast
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Shortly after taking over Unilever, Polman met with investors in London and withdrew guidance to security analysts and quarterly earnings, telling them, “My job is not to serve shareholders, but to serve consumers and our customers.” Of course, he believes that in doing so, Unilever will indeed serve its shareholders better over the long-term. Unilever’s
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Still, for Tesla, a cursory glance at headlines in the past few weeks shows an exceptional growth in the division between Tesla optimists and pessimists. For example, Baird reiterated its outperform rating on Wednesday, predicting the Palo Alto, California-based automaker will make significant progress in its Model 3 output. The firm”s analyst, Ben Kallo, reaffirmed
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A U.S. recession probably won’t happen for another two years, and in the meantime stocks are a good bet, according to closely-followed Credit Suisse analyst Andrew Garthwaite. “We conclude that a US recession is unlikely until Q3 2020,” Garthwaite wrote in a note to clients Friday. “Remain overweight equities.” Typically, an inverted yield curve, when
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Despite Friday’s high-profile arrest of former movie mogul Harvey Weinstein on charges stemming from multiple allegations of sexual misconduct, many instances of workplace harassment apparently are never even reported. Of the 12 percent of workers who say they’ve experienced sexual harassment on the job, 72 percent did not tell their employer about the incident, according
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The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
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Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important parliamentary appearance since his State
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Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading. The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit
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Many U.S. companies have been putting more emphasis on hiring U.S. veterans lately — with some hosting big one-day events and others releasing goals of bringing on thousands of vets within a specific time period. T-Mobile is one of the latest to announce its intent to hire 10,000 veterans and military spouses during the next five
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United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar
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