Much of Wall Street is worried that sliding oil prices could be a sign of global economic weakness, but CNBC’s Jim Cramer offered a counter-theory on Friday as he prepared investors for the week ahead. “I read the decline in oil as an issue of supply overwhelming demand, not demand waning,” he said on “Mad
Month: November 2018
Last week, 20,000 Google employees around the world walked out of work to protest the company’s handling of sexual misconduct claims. Yesterday, Google CEO Sundar Pichai formally responded to employees’ concerns with a memo detailing changes to the company’s sexual harassment and misconduct policies, including making arbitration optional for claims, updating sexual harassment training and
It’s pretty easy to paralyze America’s oil infrastructure. All Emily Johnston and Annette Klapstein needed was a set of 3-foot-long green-and-red bolt cutters. And a willingness to go to jail for years. On October 11, 2016, as they pulled up to an oil pipeline facility in the farm fields outside Leonard, Minnesota, the pair were
To dozens of cities across the United States, Amazon’s widely publicized search for a “second headquarters” looked like thousands of new jobs, up for grabs. To Pivot co-host Scott Galloway, it now looks like a “ruse.” “I lease office space all the time for my businesses and I always tell my real estate agent, ‘We
The Food and Drug Administration plans to limit sales of most flavored e-cigarettes to vape shops and move forward with a ban on menthol cigarettes as it tries to curb “epidemic” levels of teen e-cigarette use, according to senior FDA officials, who asked not to be named because the proposal is not yet public. FDA
Google announced changes to how it will handle claims of sexual harassment among employees, including making arbitration optional for individual harassment and sexual assault claims. While additional transparency and protection for workers is a sign of progress, the change is incremental rather than transformative, because Google’s arbitration provision still prohibits collective action. Harassment claims will
White House press secretary Sarah Huckabee Sanders shared a video Wednesday evening of CNN reporter Jim Acosta’s interaction with President Trump and a White House intern to defend the White House’s decision to revoke Acosta’s press pass. A WIRED review of Sanders’ video reveals that it originated with conservative media sites and was presented in
Tuesday night was considered a sweeping victory for supporters of San Francisco’s homelessness tax, Proposition C, after the measure won 60 percent of the popular vote. But it looks as though the battle has only just begun. Proposition C will raise the city’s gross receipts tax on companies by an average of .5 percent on
Both Republicans and Democrats woke up Wednesday morning claiming victory in Tuesday’s midterms. Democrats patted themselves on the back for taking back the House of Representatives and for flipping seven governorships from red to blue. And in a press conference, President Donald Trump praised his party, and himself, for gaining ground in the Senate. Americans
If CNBC’s Jim Cramer knows one thing about the United States Congress, it’s that “a house divided against itself can produce some amazing profits” for investors, he said one day after the 2018 midterm elections. On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in
Facial recognition software is already prevalent in a lot of mainstream technology products. You may even use a few of them, like Facebook photo tagging, Snapchat or Instagram face filters, or the iPhone’s Face ID, which uses facial recognition to unlock the phone. Future uses of the technology may not be so harmless. Microsoft President
It may not have been the tsunami some expected, but the Democrat’s long-promised blue wave was enough to carry the party to a majority in the House of Representatives on Tuesday. The Senate, meanwhile, remained firmly in Republican hands. With control of the House, Democrats will be able to fulfill their promise to be a
CNBC’s Jim Cramer is such a passionate supporter of the stock of Apple that, sometimes, even he knows it’s worth getting a second opinion. So, on Tuesday, he got technician Carolyn Boroden’s take. After inspecting Apple’s charts, Boroden, who runs FibonacciQueen.com and is Cramer’s colleague at RealMoney.com, came out “cautiously optimistic” on the stock’s near-term
The whistleblower who sounded the alarm about Facebook’s data vulnerabilities in the 2016 election cycle isn’t done yelling — even on Election Day 2018. Christopher Wylie blasted the social network on Tuesday as insufficiently attentive to the problems first revealed in the last election. Calling out Facebook for “making a digital clone of our society,”
After it was revealed that the suspect in the shootings at a Pittsburgh synagogue had threatened on the social media network Gab to kill Jews, multiple technology providers dropped Gab, including domain registrar GoDaddy, web hosting provider Joyent, and payment processors PayPal and Stripe. The moves knocked Gab offline for nearly a week, during which
High consumer confidence could drive shoppers out of the house and into brick-and-mortar stores this holiday season, former longtime department store executive Jan Rogers Kniffen told CNBC on Monday. In turn, that could put a dent in Amazon‘s fourth-quarter sales, he added. “When the consumer is happy or feels good, they’re more likely to be
Tomorrow is Election Day, and on the eve of voting, peer-pressure apps like OutVote and VoteWithMe are making it easy to instantly snoop on the voting history of friends, family and strangers. Voters will decide control of the House and the Senate, and gubernatorial contests will be held in 36 states; according to Ballotpedia, 37
Seventeen cruise ships are expected to hit the market next year, with demand for cruises expected to rise. To increase the capacity at ports, cruise lines have started to build out terminals. One of those, Royal Caribbean, invested $250 million in the launch of Terminal A at Port Miami, which went live on Sunday. Royal
General Motors delivered Wall Street an unexpected surprise this week, substantially topping Wall Street earnings forecasts for its third quarter, and it wasn’t because it’s selling more cars. The Detroit automaker is racing to keep up with demand for its new Chevy Silverado pickup which was completely redesigned for the 2019 model-year. In particular, shoppers
Amazon is in advanced talks about putting Amazon’s second headquarters, commonly referred to as HQ2, in the Crystal City neighborhood of Arlington County, Virginia, according to the Washington Post. The larger D.C. area was considered a likely candidate for HQ2 due to its proximity to CEO Jeff Bezos’s home and, more importantly, federal lawmakers. Three
Two workers at an Amazon warehouse in Baltimore died on Friday evening after part of the building collapsed during a storm, an Amazon executive said on Twitter on Saturday morning. The incident happened at a facility that Amazon calls BWI5 — a building known as a “sortation center” in the southeast part of the city.
Big companies attract big attention, and none quite as much as Apple. Its quarterly reports have become something of a collective soothsaying moment for stock markets and the tech industry, and so Thursday’s report garnered its usual share of outsized attention. As its market cap hovers near $1 trillion, Apple has gradually been shifting its
More than two decades ago, WIRED ran its first profile of VR pioneer and author Jaron Lanier. We wrote “Yea, though he has walked through the valley of silicon, he fears no evil. His music and his software comfort him, and having survived reasonably intact he can only revel in the exquisite wonder of it
When McDonald’s reported earnings last week in the throes of a marketwide breakdown and the stock surged higher, CNBC’s Jim Cramer took notice. “Thanks to the resulting rally, McDonald’s was one of the top five performers in the Dow last month, with the stock up 5.7 percent,” Cramer said on “Mad Money.” “Why does this
Recode sat down for a rare interview with Tesla and SpaceX CEO Elon Musk, one of the most loved, most hated and generally most talked-about figures in tech. Editor at Large Kara Swisher and Musk met on Halloween night at Tesla HQ in Palo Alto to talk about all of his businesses, his social media
To say that there’s a lot riding on the midterm elections would be an understatement. For Democrats, it’s a chance to take over the House of Representatives and serve as a check on President Trump’s administration and a (likely) Republican-led Senate. For Republicans, it’s an opportunity to press forward on reforms to healthcare and tax
The Chinese government has made manufacturing computer chips that store data—memory—a major priority of its centralized science and technology strategy. According to the US Department of Justice, China plans to do it not just through research and development, but through old-fashioned espionage. In an indictment unsealed Thursday, DOJ accused China’s Fujian Jinhua Integrated Circuit, Taiwan’s
CNBC’s Jim Cramer is not backing down from his “own Apple, don’t trade it” maxim despite the stock’s drop after earnings, in which the iPhone maker said it would stop providing results for its individual products. “I am sure there are people who will just say, ‘You know what? I have to panic and sell
So here’s the deal — I think I can say with a modicum of humility (hard for me, I know!) that just over a decade ago, Walt Mossberg and I, along with an amazing but small writing team that included just John Paczkowski on launch day, changed the way we covered tech and, thus, changed