Musk discussed his plan during a talk at a TED conference in Vancouver, Canada, on Friday. Some people have posted pictures of equipment bearing the Boring Company logo that arrived this week at SpaceX headquarters, in Hawthorne California.

When I lowered the headset, I was suddenly standing in what appeared to be a ritzy, open apartment in the sky. In real life, I was just standing in a demo area wearing a plastic headset tethered to a laptop. I could, if I didn’t have a real 70-inch TV in real life, use this headset and sit and watch a movie here. I looked into the room, pressed a button on the Xbox controller, and was suddenly teleported. Here, I had one display showing the weather, another with Microsoft’s Edge web browser, and

Pacific Crest lowered its rating on Amazon to sector weight from overweight, citing increasing competition and “moderating” growth rates in its businesses. The company’s shares are up 4 percent in Friday premarket trading after it reported better-than-expected first-quarter earnings Thursday after the market close. However, the stock is approaching our $961 target and stepped-up competition may dampen near-term upside,” analyst Edward Yruma wrote in a note to clients Thursday titled “As good as

“A place where the tropical sun shines all day, and our celebrations ignite the night. Reddit users claimed instances of looting and theft, as well as being kicked out of their accommodations. However, some festivalgoers on Twitter said authorities have chained the doors of the local airport to prevent people from leaving. The Bahamas Ministry of Tourism said on Twitter it was “extremely disappointed” in the way Fyre Festival was organized, and apologized to tourists. It reiterated it was not an

Companies from Singapore to Finland are racing to improve artificial intelligence so software can automatically spot and block videos of grisly murders and mayhem before they go viral on social media. The incidents have prompted questions about how Facebook’s reporting system works and how violent content can be flagged faster. Zeiler says Clarifai’s algorithms can also recognize objects in a video that could be precursors to violence — a knife or gun, for instance. Facebook says it is using si

The 15 million share IPO will raise $225 million, more than the $200 million the company had initially filed to raise. Founded by alumni from Oracle, Yahoo, Facebook and Google, Cloudera specializes in data science technology, using one of software developers’ most beloved technology frameworks, called Hadoop. “Think of smart cars, smart homes, smart watches …. that creates a vast amount of data. Cloudera rival Hortonworks, which priced its IPO at $16 a share in 2014, has since cratered and tr

It’s the latest sign that the luxury retail sector is recovering in China as consumers re-open their wallets. The campaign hurt everything from liquor sales to casino gaming revenues as officials pulled back from lavish, conspicuous spending. In 2016, total luxury retail sales hit an estimated 1.08 trillion euros, according to consultancy Bain and Company. Last week, U.K. fashion house Burberry also reported stronger sales as China demand picked up. Total comparable sales were up 3 percent to 1.

U.S. President Donald Trump’s move to chuck the trade rulebook for a maverick style has been “a step back” for global commerce, said Steve Okun, vice chairman for the Asia Pacific Council of American Chambers of Commerce. “The Trump administration seems to be shifting that from a multilateral to a bilateral and from a rules-based to a transactional,” Okun said. “It is certainly a step back.” Okun compared bilateral trade deals to a spaghetti bowl in their complexity. The U.S.-Singapore FTA has s

European markets are seen opening slightly higher this Friday as investors concentrate on new earnings reports and geopolitical tensions. The FTSE 100 is seen 5 point higher at 7,242, the German DAX is set to begin 2 points higher at 12,446 and the CAC 40 is expected to start 3 points higher at 5,274. The main market focus this Friday is corporate earnings with a number of banks reporting their latest figures. UBS said early Friday that its net income rose 79 percent in the first quarter of this

“I loved my previous life. “This is more work than in my previous life. A wealthy businessman from New York, Trump assumed public office for the first time when he entered the White House on Jan. 20 after he defeated former Secretary of State Hillary Clinton in an upset. Midway through a discussion about Chinese President Xi Jinping, the president paused to hand out copies of what he said were the latest figures from the 2016 electoral map. Trump, who said he was accustomed to not having privacy

Our live blog is tracking market reactions after President Donald Trump said he would seek to either renegotiate or terminate a trade deal with South Korea. We’ll bring you the latest analysis below.

China’s investment in its ambitious One Belt, One Road project will spur infrastructure building, but it does not mean automatic market access along the route, a steel industry executive said Thursday. “Even if you are an investor…along the One Belt and Road routing, actual investment will not necessarily guarantee you will have access to markets,” said Gerry Craggs, managing director for Asia of U.K. steel trader Stemcor. He cited the example of how U.K. steel manufacturers were able to bring a

Singapore and Hong Kong are often compared as travel destinations because tourist attractions in both countries are man-made, and they rely heavily on experiences such as shopping, amusement parks and restaurants. The Singapore Tourism Board is trying to ensure the city state remains relevant by organizing a robust line of events throughout the year and forming strategic partnerships. To add to that success, the Singapore tourism board is working to bring in other sporting events. In Hong Kong,

It’s not too late to act on money advice from Mom and Dad. Six in 10 adults say they’d be wealthier today if they had listened to their parents, according to a survey from Mint.com, which polled 2,000 adults in January. The big miss: 85 percent said they wished they had started saving money from an earlier age, as their parents recommended. Instilling a regular savings habit early is sound advice. “The easiest way to think about it is with compounding, the money you save earlier is worth more th

But aside from the weak technicals in the chart of crude, Gordon also sees weakness in an oil-related market: the oil services stocks. Looking at a chart of the oil services-tracking ETF (OIH), Gordon says that the chart for OIH points to even more downside than that of oil. “You can see how the rally back in this stock has been less significant than that of the crude oil market,” said Gordon. “Further, we’ve already broken uptrend support, so the oil services are actually outperforming the unde

Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:U.S. Steel: “Why do we bother with U.S. Steel when we have Nucor? Duluth Holdings: “You know, I like the clothes, but the stock itself, you know I’m not a big apparel fan. Now, you happened to have that nice bounce in Under Armour today because estimates have been cut and cut and cut and cut and cut. AK Steel: “AK Steel is kind of like US Steel. Mad Money Twitter – Jim Cramer Twitter –

They don’t care about the reason, they just see oil as an indicator of economic health,” Cramer said. Domino two comes when interest rates start to slide, leading hedge funds to assume faltering demand in the overall economy. “When interest rates go down they knock over two more dominoes: a decline in the financial stocks and a collapse in the industrial stocks,” the “Mad Money” host said. While Cramer is not ignoring oil’s moves, the “Mad Money” host insisted that from conversations with big oi

Shares of Honeywell rose as much as 4 percent after hours following news that Dan Loeb’s Third Point had added to its stake in the company. As of Dec 31, Third Point owned 1.4 million shares of Honeywell, according to its quarterly filing. The firm has substantially added to the Honeywell stake it reported at the end of last year, a person familiar with the fund told CNBC. In the investor letter, Third Point said Honeywell’s stock is trading “at a substantial discount to its industry peer group.

“Corporate tax rate goes down, then you’re definitely going to see even more investment.” Meanwhile, Domino’s has seen consistently strengthening sales, delivering an earnings report that exceeded analyst expectations. With another deliciously strong quarter under his belt, Doyle told Cramer that they key to Domino’s success has been its employees. “If you can get them excited about the business — and they are — that’s going to drive a lot of momentum.” Mad Money Twitter – Jim Cramer Twitter – F

On Wednesday, top White House officials outlined Trump’s tax plan, which they said would be the “biggest tax cut” in U.S. history. On Thursday, Trump’s budget chief Mick Mulvaney told “Squawk Box” the outline was meant to be vague. The long-awaited proposal unveiled Wednesday did not include many key details, such as the tax rate for corporate cash repatriated from overseas. While investors may be hopeful about Trump’s pro-growth agenda, it’s earnings that is really driving the market right now,