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104667549-GettyImages-699405098.530x298.jpgv1503455375 Tech 

Mutual funds reportedly mark down investments in Uber by up to 15%

David Paul Morris | Bloomberg | Getty Images Pedestrians walk past the Uber Technologies headquarters building in San Francisco, California, U.S., on June 21, 2017. Four mutual fund companies have marked down their investments in Uber Technologies by as much as 15 percent following the ride-hailing company’s scandal-ridden year, the Wall Street Journal reported on Tuesday. Three of the investors, Vanguard Group, Principal Funds and Hartford Funds, all marked down their shares by 15 percent to $41.46 a share for the quarter ended June 30, according to the fund companies’…

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Germany is trying to stop China from gobbling up its companies — but there may be a downside

Oliver Berg | AFP | Getty Images The headquarters of chip equipment maker Aixtron is pictured in Herzogenrath, western Germany on October 25, 2016. For many firms, however, tighter regulations are an infringement of the state of the free market and simply block much-needed investment. “I’m wondering how many companies need protection,” Kim Schindelhauer, chief executive of Aixtron, told CNBC. “We are talking here about global companies who do huge amounts of business overseas.” Aixtron was the subject of a high profile $728 million Chinese takeover bid in 2016. The…

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Google and Walmart Partner With Eye on Amazon

“We are trying to help customers shop in ways that they may have never imagined,” said Marc Lore, who is leading Walmart’s efforts to bolster its e-commerce business. He came to Walmart last year after the retailer bought the company he founded, Google is a laggard in e-commerce. Since starting a shopping service in 2013, it has struggled to gather significant momentum. Initially, it offered free same-day delivery before scrapping it. It also tried delivery of groceries before abandoning that, too. If Amazon is a department store with just…

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New report shows how many accidents, injuries collision avoidance systems prevent

Kiyoshi Ota | Bloomberg | Getty Images A Toyota Motor Corp. Prius hybrid vehicle, equipped with the Pre-collision System (PCS) and the Pedestrian-avoidance Steer Assist safety features, is demonstrated during a media briefing on the company’s advanced technologies in Tokyo, Japan. The next time you are driving and a lane departure warning system or blind spot alert keeps you from steering into another vehicle, count your blessings. A new study by the Insurance Institute for Highway Safety found collision avoidance systems dramatically cut the number of accidents and injury-related crashes….

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Apple Scales Back Its Ambitions for a Self-Driving Car

Apple’s testing vehicles will carry employees between its various Silicon Valley offices. The new effort is called PAIL, short for Palo Alto to Infinite Loop, the address of the company’s main office in Cupertino, Calif., and a few miles down the road from Palo Alto, Calif. Apple’s in-house shuttle service, which isn’t operational yet, follows Waymo, Uber and a number of car companies that have been testing driverless cars on city streets around the world. Apple has a history of tinkering with a technology until its engineers figure out what…

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Cramer takes to the charts to uncover the true power of Netflix

On a day where the major averages rallied and the FANG stocks bounced back, CNBC’s Jim Cramer wanted to track how one stock can have huge sway over the broader stock market. That’s why the “Mad Money” host went off the charts to see how Netflix, one-fourth of Cramer’s acronym for the stocks of Facebook, Amazon, Netflix and Google, now Alphabet, weighs on the rest of the cohort and market. So Cramer turned to Bob Moreno, the publisher of and Cramer’s colleague at, for a closer look at…

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Uber's biggest investor has not given up on Meg Whitman as CEO, sources say

Drew Angerer | Getty Images Meg Whitman, chief executive officer of Hewlett Packard (HP), on July 6, 2016. Meg Whitman, the CEO of Hewlett Packard Enterprise, is still being pushed by Uber’s biggest investor as a candidate for the company’s open CEO position, according to two sources close to the matter. Whitman publicly denied she wanted the job on July 27 when she tweeted, “Uber’s CEO will not be Meg Whitman.” Tweet from Whitman But two sources familiar with the CEO search process tell CNBC that Uber investor Benchmark is…

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Golf is trying to shed its image as an old man's sport and is luring bloggers to push that message

Getty Images Jordan Spieth of the United States hits his tee shot on the ninth hole during the first round of the Shell Houston Open at the Golf Club of Houston on March 31, 2016 in Humble, Texas. Alexandra Dieck is known for touting the latest fashion trends on her blog Lexicon of Style. Later this week, she’ll be tackling a rather unexpected subject: golf. Dieck, 26, is among a handful of social media influencers hired by the PGA Tour to tout the sport to younger audiences during the Northern…

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