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Jim Cramer Squashes DeepSeek Hype, Warns Of AI 'Sputnik Moment' Amid Investor Frenzy And US-China 'Inferiority Complex'
Tuesday, January 28, 2025 - 9:43am | 717CNBC's Jim Cramer in his latest X post alluded to the Chinese artificial intelligence startup DeepSeek's hype and sneered at the politicization of the development, comparing it to the 1957 Sputnik moment, when the Soviet Union launched the first artificial Earth satellite, triggering a Space Race....
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Concern Grows Over Chinese Economy, This Foreign Market Fund That Excludes China Grows Nearly 7% - ETF Winners And Losers: Mid-Cap Flows
Tuesday, October 24, 2023 - 6:27am | 576We performed a screening of mid-cap ETFs, defined as having Assets Under Management (AUM) between $2 billion and $10 billion – to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. Winners...
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Foxconn's Huawei Unit Workers Are Cashing Bigger Paychecks Than iPhone Assemblers
Tuesday, September 19, 2023 - 3:23am | 619In a surprising twist, Foxconn Technology Group has reportedly been offering its workers at the Huawei Technologies handset production unit higher wages than their counterparts in iPhone manufacturing, according to the South China Morning Post. What Happened The report states that...
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Amazon Bans Hundreds of Chinese Companies For Review Fraud
Saturday, September 18, 2021 - 1:00pm | 280Amazon.com Inc (NASDAQ: AMZN) has announced that over 600 Chinese brands sold through 3,000 different seller accounts have been permanently banned. What Happened: The tech giant says the removal of the vendors from its platform is part of a five-month global effort to target companies that are...
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Big, Bigger, Biggest: Singles Day, Cyber Monday And Amazon's Prime Day
Friday, October 21, 2016 - 10:59am | 591Retailers adopt different strategies and marketing gimmicks to draw consumers out of their shells, especially amid the fluid economic environment, and force them into splurging on good and services they not only need but also want. Designating days for focused shopping, when retailers allure...
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How Does Hacking Affect Consumers?
Wednesday, October 15, 2014 - 11:47am | 424There has been a lot of media attention over the past year on the impact of cyber attacks on companies such as Target Corporation (NYSE: TGT), The Home Depot Company, Inc. (NYSE: HD), and JPMorgan Chase Co. (NYSE: JPM). Some of the incidents are being blamed on "Russian-speakers,...
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An Alibaba IPO Will Shake Up E-Commerce
Thursday, April 17, 2014 - 10:28am | 629Alibaba.com is big. From a transaction volume standpoint, $240 billion big, according to Wall Street Journal sources. That’s twice the size of Amazon (NASDAQ: AMZN) and three times the size of eBay (NASDAQ: EBAY). From a revenue perspective, however, Alibaba’s nearly $8 billion in 2013 revenue...
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Chinese Buyers Enthusiastic About U.S. Real Estate
Monday, March 24, 2014 - 1:58pm | 540As China's economy continues to grow, more Chinese are investing in U.S. real estate. The National Association of Realtors (NAR) reports that Chinese buyers (including those from mainland China, as well as Hong Kong and Taiwan) were second only to Canadians when it came to international clients...
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ZTE To Preview 6-inch Android and New Firefox OS Smartphone at Mobile World Congress
Tuesday, February 18, 2014 - 3:33pm | 562Chinese smartphone maker, ZTE Corp. (OTC: ZTCOY), as expected, will unveil a plethora of new and updated devices at the Mobile World Congress in Barcelona, Feb 24, according to a company press release. First, there will be the Grand Memo 2 LTE, a follow-up to a device launched at last year’s...