Amazon CEO Jeff Bezos laughs at a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. Amazon reported blowout earnings for its fiscal fourth-quarter on Thursday after the bell, surprising even the most bullish Wall Street analysts. The e-commerce giant’s investments in its various initiatives like one-day shipping continues to pay off, easing analyst concerns over the cost of heavy spending. In addition, the company reported a record

JPMorgan said in its view of the ridesharing company that it sees it “driving” towards profitability. “Uber occupies a leadership position in Rideshare and Food delivery in most parts of the world and has rapidly increased its gross bookings from ~$34B in 2017 to an estimated $65B in 2019. freight), which provide optionality. With key events like the lock-up behind us, we believe Uber looks attractive at ~3.3x our 2020E Adj. net revenue.”

Hidden skimming devices (commonly thought to be attached to gas station pumps and ATMs) have gone high-tech. But one thing we know for sure is that millions of credit card numbers have been stolen, even over the course of the past two years,” Herb Stapleton, section chief for the FBI’s cyber division told CNBC. Cybercriminals can gain access to your personal and credit card information in a number of ways. “It’s nearly impossible for a consumer to detect that this has happened to them before the

7:30 am: China says confirmed cases of coronavirus climbs to nearly 10,000The number of confirmed coronavirus cases has risen to 9,782 in mainland China, according to Chinese authorities. The new cases in China bring the global total to nearly 10,000 cases with at least 213 deaths. 6:50 am: Singapore bans Chinese travelersSingapore’s health ministry banned entry to all Chinese visitors and foreigners with a recent history of travel to China. It is the first Southeast Asian country to implement a

Owner of Racing Point Lawrence Stroll walks in the Paddock before the F1 Grand Prix of Spain on May 12, 2019. Canadian billionaire Lawrence Stroll will take an up to 20% stake in Aston Martin for nearly 200 million pounds ($263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances. The company will raise a total of 500 million pounds, including a rights issue from existing major shareholders, it said on Friday, as it begins building its first SUV. “He bring

The overall feeling at the European Parliament, the EU’s only directly-elected institution, is sadness. “Very emotional moment, sad moment, I would say in the history of Europe,” Pedro Silva Pereira, a Portuguese lawmaker at the European Parliament, told CNBC Thursday. The U.K. has been a member of the EU for 47 years. In stark contrast to the U.K. government, the EU has not prepared any events to celebrate Brexit on Friday. The U.K. and the EU agreed to implement a transition period after Brexi

Two patients from the same family in England have tested positive for the coronavirus, according to the country’s chief medical officer. In a statement Friday, England’s Chief Medical Officer Chris Whitty said the patients were now in the care of the country’s National Health Service (NHS). “The patients are receiving specialist NHS care, and we are using tried and tested infection control procedures to prevent further spread of the virus,” he said. Whitty added that his team was “working rapidl

Facebook will start removing misinformation about the coronavirus outbreak from its platforms. “This includes claims related to false cures or prevention methods — like drinking bleach cures the coronavirus — or claims that create confusion about health resources that are available,” Jin said. He added that Instagram would also ban or restrict hashtags and conduct “proactive sweeps” to remove content spreading misinformation about the virus. It’s not the first tech platform to start taking actio

Here’s how much Trump and Bloomberg are spending on Super Bowl campaign adsPresident Trump and Mike Bloomberg are two billionaires who are rolling out a new playbook for Sunday’s big game, and it involves spending a lot of money. CNBC’s Robert Frank reports.

A man rides a bike though an almost empty Nanjing Road, usually a busy commercial street, in Shanghai, China, on Wednesday, Jan. 29, 2020. The virus is beginning to disrupt China’s economy, although it’s unclear whether the impact will extend to the full year. Back in 2003, the Chinese economy was the sixth-largest in the world versus the second-largest today, and in a period of increasing growth. In recent months, the rate of quarterly GDP growth has slowed, bringing China to 6.1% growth last y

Novacyt stock soared 32% on Friday morning after the French cellular diagnostics company announced the launch of a new test for the coronavirus. The test has been developed as a direct response to the recent outbreak of the new strain of coronavirus, which originated in the Chinese city of Wuhan and has now spread worldwide, leading the World Health Organization (WHO) to declare a global health emergency. The death toll has now hit 213 with confirmed cases rising to 9,692, according to Chinese h

Some have even warned that the widespread scramble for face masks is unwarranted. “Panic purchases of face masks in low-risk countries like the U.S. is not warranted. Scramble for masksThe World Health Organization on Thursday declared the outbreak a global health emergency. People want to find some way to bring some control to the situation, thus the scramble for face masks.” But the situation could spiral, and stores running out of masks may make others panic even more,” he said.

Customers queue to buy facial masks to prevent an outbreak of a new coronavirus, in Hong Kong, China January 28, 2020. The film “Enter the Fat Dragon” will premiere via video streaming on Saturday, makers China iQiyi Inc said on Friday, after plans for the film’s premiere in cinemas were affected by the outbreak of a new coronavirus in China. It will be the second film to debut online because of the outbreak following Huanxi Media Group’s decision to premiere “Lost in Russia” on Bytedance’s onli

Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. “We expect continued global economic uncertainty to pressure sales to users in 2020 and cause dealers to further reduce inventories,” Umpleby sai

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Brown | AFP | Getty ImagesThe last time Tesla shareholders had a month like this, the electric vehicle maker was delivering fewer than 5,000 cars a quarter. As January comes to a close, Tesla shares are up 53% for the month as of Thursday’s closing, wrapping up their best month since May 2013, when the stock surged 81%. With its January rally, Tesla added $40 billion in market cap

China’s official manufacturing Purchasing Managers’ Index came in at 50.0 for January, the National Bureau of Statistics said on Friday. Economists polled by Reuters had expected the official manufacturing PMI to come in at 50.0. The official manufacturing PMI — a measure of factory activity — was at 50.2 in December. The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. Results of a private manufacturing PMI survey by Markit/Caixin — which fea

Two women wearing protective masks walk outside Beijing railway station in Beijing on January 22, 2020. The U.S. State Department raised its travel advisory for China from Level 3 to Level 4, citing the coronavirus outbreak in that country. “Do not travel to China due to novel coronavirus first identified in Wuhan, China,” the department said in its notice about the Level 4 advisory. “Those currently in China should consider departing using commercial means,” it said in an online statement. The

It sounds like a bad travel joke, but the answer is — they are popular bucket list destinations for travelers around the world. IPGGutenbergUKLtdThe trend was advanced by the 2007 American movie “The Bucket List,” a sentimental comedy starring Jack Nicholson and Morgan Freeman as two aging men who decide to tick off a travel list to places like the North Pole, India, Egypt and Tanzania. Sascha KilmerThe aurora borealis became a hot item on bucket lists, just about the time Iceland came into focu

A figurine of the Nintendo Co. video-game series The Legend of Zelda character Link is displayed inside the Nintendo TOKYO store during a media tour in Tokyo, Japan, on Tuesday, Nov. 19, 2019. Shares of Nintendo plummeted on Friday afternoon a day after the company reported operating profit for the October-December quarter that came in below analyst expectations. The decline came after Nintendo announced an operating profit of about 168.7 billion yen (approx. That was a more than 6% increase fro

The key to reviving India’s economy is increasing government spending, not cutting more taxes, an economics professor said on Friday. To boost growth, Prime Minister Narendra Modi’s government last year announced a surprise cut to corporate taxes. Several analysts have predicted the government might cut personal income taxes in the coming budget to boost consumer spending. That may not help the Indian economy, said Arun Kumar, Malcolm Adiseshiah Chair Professor at the Institute of Social Science