Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
Microsoft is starting to distribute the first of two major Windows 10 updates for 2019. This version has some useful additions.Technologyread more
General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday.
The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be put up for sale in about a month, the report said.
Shares of General Electric declined 1.3 percent in trading Friday, largely unchanged after the report. The stock has fallen nearly 50 percent in the past year.
GE declined CNBC's request for comment.
Since CEO John Flannery took the helm last year, GE has trimmed several multi-billion dollar assets from its previously vast portfolio. Flannery pledged to shareholders he became CEO that he would sell $20 billion in assets and, during its second-quarter earnings last month, announced he had "essentially" completed the "target of $20 billion of dispositions."
The power business is the company's number one focus for the remainder of 2018, CFO Jamie Miller told CNBC after the report, reiterating Flannery's comments on the call.
Read the full Bloomberg report here.