The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
EU Competition Commissioner Margrethe Vestager is preparing to launch a full probe into Amazon in the coming days, Bloomberg reported.Technologyread more
IBM announced Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.Technologyread more
Amazon Prime Day enters its second day, with more than 1 million deals being offered, including intermittent "lightning deals." Here's how to navigate the 48-hour shopping...Invest in You: Ready. Set. Grow.read more
Uber's $40 billion valuation seems high, but the pre-IPO investment market has changed considerably from 2000, just before the tech bubble's burst, Carlyle Group co-founder and co-CEO David Rubenstein told CNBC on Tuesday.
"It does seem high, but remember, a lot of people thought Facebook's valuation before it went public was high, and it was much higher than that, actually, " he said in a "Squawk Box" interview. "A lot of people have made money on companies like Facebook before they went public, and now people feel that investing in these companies before they go public is probably a pretty good bet."
Rubenstein noted there are roughly 75 companies with billion-dollar valuations today.
Sentiment will surely change after the first of these companies experience a dotcom bubble-style failure, he said. For the time being, investors feel that companies with international brand recognition such as Uber are not going to go away overnight, he added.
Most of the billion-dollar companies getting ready to go public today are more financially sound and actually have much lower valuations than some of the tech start-ups in the late '90s, Rubenstein said.
"They have revenues, they have earnings. That was not the case in 2000," he said.
On Monday, the Nasdaq closed above 5,000 for the first time since the tech bubble popped. Rubenstein said the milestone is actually not a big deal because the Nasdaq would have to reach about 7,000 in order to hit its peak in inflation-adjusted terms.