Month: May 2020

Social Capital CEO Chamath Palihapitiya argued Tuesday on CNBC that Jeff Bezos is a better investor than Warren Buffett, pointing to the Amazon CEO and founder’s history of reinvesting in the business.  “People used to lambaste Jeff Bezos for not being profitable, but when you looked under the hood, he was the single best investor of our generation,
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WASHINGTON, DC – APRIL 06: Spring flowers bloom in front of the U.S. Supreme Court. The Court … [+] “will postpone the oral arguments currently scheduled for the April session,” but “continue to proceed with the resolution of all cases argued this Term.” (Photo by Alex Wong/Getty Images) Getty Images Last week, President Trump reaffirmed the
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In 1987, the US government led a collaborative initiative with a dozen semiconductor manufacturers that were on the brink of collapse due to innovative competition from overseas manufacturers. The federal government led the charge of this consortium, called Sematech, in order to gain and sustain a healthy place in the growing market of semiconductors, pulling
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.17 million Global deaths: At least 285,690 Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy (219,814).  The data above was
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As many restaurants around the world remain closed because of the coronavirus pandemic, one restaurant in Amsterdam, the Netherlands, is experimenting with a new way to dine out. Mediamatic ETEN, a vegan restaurant at the arts center Mediamatic Biotoop, set up greenhouses to test out allowing diners to follow social distancing measures while still eating
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People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited to get her $292,000 loan from the federal Paycheck Protection Program to cover payroll at
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Getty “When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” This quote by Fred Rogers, the soft-voiced creator of PBS’ Mister Rogers’ Neighborhood, couldn’t be more apropos today. Thankfully, personal finance helpers
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The Food and Drug Administration over the weekend issued emergency use authorization for a rapid and cheap coronavirus test. The test may only be about 85% accurate, but it’s nonetheless a crucial step toward increasing the country’s ability to monitor for new coronavirus outbreaks, former FDA Commissioner Scott Gottlieb told CNBC.  Public health specialists have
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