Business

Billy Beane, the general manager of the Oakland Athletics, is famous for using advanced, statistical analysis and software to gain a competitive edge in recruiting and to make up for his team’s limited payroll relative to the rest of the league. Beane, who was portrayed in “Moneyball,” Michael Lewis’ 2003 book, told CNBC’s Julia Boorstin
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Things may be looking up for U.S.-China trade relations, which in turn is good for networking hardware colossus Cisco Systems, Chairman and CEO Chuck Robbins told CNBC on Wednesday. “We’re beginning to hear some positive sound bytes around this,” Robbins told Jim Cramer in an exclusive “Mad Money” interview. “I’m optimistic that we’ll get to
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In a wide-ranging interview, Salesforce CEO Marc Benioff compared using Facebook to nicotine addiction. “Facebook is the new cigarettes,” Benioff told journalist Kara Swisher for an MSNBC special, “Revolution: Salesforce Changing the World,” which will air on Nov. 18 at 10 p.m. ET. “You know, it’s addictive. It’s not good for you. There’s people trying
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Stocks will only recover from Monday’s dramatic sell-off if seven key things happen to brighten the outlook for the broader market, CNBC’s Jim Cramer said as the major averages pulled back. “The thinking behind today’s action is surprisingly simple: money managers are buying the winners and selling the losers,” he said on “Mad Money.” “Unfortunately,
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Virgin Hyperloop One, one of the best-known players developing the high-speed transportation technology, is attracting “big interest” from Saudi investors, the company’s newly appointed chairman said Monday. “There is a big interest in Hyperloop in Saudi Arabia,” Ahmed bin Sulayem told CNBC’s Dan Murphy in an interview Monday. “I think when the right time comes,
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The Harry Potter franchise is strong enough to turn movies into blockbusters, even without its titular character. With author J.K. Rowling at the helm, Warner Bros. is pushing ahead with taking the beloved franchise and delving deeper into its mythology. Its next installment of the franchise, “Fantastic Beasts: The Crimes of Grindelwald,” is due out
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J.P. Morgan cut its 12-month price target on General Electric to just $6 a share on Friday, the lowest on Wall Street. “The outcome of GE results was worse than expected on almost all fronts,” J.P. Morgan’s Stephen Tusa said of the company’s third quarter earnings. “While liquidity is certainly debatable, we believe this is
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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
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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
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