Facebook dispelled fears Tuesday that its mobile advertising business was failing.
Intel made its fortune on the chips that power personal computers, and Microsoft on the software that goes inside. Google’s secret sauce is that it finds what you are looking for on the Internet. But the ground is shifting beneath these tech titans because of a major force: the rise of mobile devices. The New York Times reports.
Yahoo shares rose after hours on better-than-expected results—earnings of 35 cents per share on revenue of $1.09 billion. But far more interesting than those numbers were Marissa Mayer’s comments in her first earnings call since taking the helm of the company three months ago. She came out of the gate strong, saying “this job is tailor made for me. The core components of Yahoo’s business—search, mail, ads, mobile, news and the homepage—are also the core I built my career upon.” Mayer said her goal is to “help redefine one of the Internet’s most beloved companies,” and went into some detail about how she plans to do that.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Monday, 17 Jun 2013 | 8:18 PM ETBeijing is hoping that building more cities will create wealth for its people but as CNBC's Eunice Yoon reports, it's also fueling a debilitating rise in property prices.
Monday, 17 Jun 2013 | 5:00 PM ETFundamentals haven't changed enough to substantiate worries that the Fed would cut back on quantitative easing yet, Josh Brown of Fusion Analytics says.