Uber and Lyft each want to be the all-encompassing transportation platform of the future, shepherding people around the world through whatever means is best suited — and the ride-hailing firms are getting close. Uber CEO Dara Khosrowshahi told CNBC last week the company wanted to be “the A-to-B platform for transportation.” Khosrowshahi said he wants
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New technologies for diabetes treatment are becoming essential for those who suffer from the disease, according to J.P. Morgan, and that could make companies such as Dexcom compelling investment opportunities. “The diabetes space is currently experiencing its biggest technological wave of innovation from glucose measurement (continuous glucose monitoring) to insulin dosing (insulin pumps),” analyst Robbie
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Dialog Semiconductor, which supplies power management chips for Apple‘s iPhone, is in talks to acquire Synaptics, the maker of touch-screen and display technology used in mobile devices, according to a person familiar with the matter. Bloomberg previously reported the talks. Dialog, which has a market capitalization of about $1.1 billion, is smaller than Synaptics, whose
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KFC is joining the healthier food trend by testing vegetarian fried chicken. Foodbeast reports that it would be the first vegetarian fried chicken offered by a big-name quick-service chain. Louisville-based KFC will test the product in the United Kingdom, and Foodbeast says smaller restaurants there, such as Temple Seitan, are famous for their versions of
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Alibaba affiliate Ant Financial is now reportedly worth more than Goldman Sachs, thanks largely to dominance in two trends that have swept China: mobile payments and money market funds for consumers. Ant Financial announced Friday Beijing time that it raised about $14 billion. The funding values the company at around $150 billion, The Wall Street
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Ant Financial, a subsidiary of Jack Ma’s e-commerce giant Alibaba, is using some of the $14 billion treasure chest it just raised to invest in blockchain. Ant Financial owns and operates China’s largest online and mobile payments network Alipay. The company, carved out from Alibaba Group seven years ago, is now worth a reported $150
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Target. Tim Seymour was a buyer of Yandex. David Seaburg was a buyer of Advanced Micro Devices. Guy Adami was a buyer of Transocean. Trader disclosure: On June 7, 2018, the following stocks and commodities mentioned or
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Emerging market stocks are sinking, and one portfolio manager is urging more caution. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC’s “Trading Nation” that emerging markets could fall further. Here’s why. • One large emerging markets-tracking ETF, the EEM, has fallen 1.5 percent this year amid a gradually strengthening U.S. dollar and concerns
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