Jack Dorsey reveals his big Twitter regret

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. “If I had to start the service again, I would not emphasize the ‘follower’ count as much. Dorsey went as far as to say that he probably would not create a “like” function at all. “Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted. Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice bathsLike this stor


“If I had to start the service again, I would not emphasize the ‘follower’ count as much. “If I had to start the service again, I would not emphasize the ‘follower’ count as much. Dorsey went as far as to say that he probably would not create a “like” function at all. “Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted. Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice bathsLike this stor
Jack Dorsey reveals his big Twitter regret Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: karen gilchrist, bloomberg, getty images, -jack dorsey, founder, ceo of twitter
Keywords: news, cnbc, companies, jack, reveals, dorsey, believe, start, regret, right, number, probably, big, count, service, twitter, emphasize, important, twitters


Jack Dorsey reveals his big Twitter regret

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. I would not emphasize the ‘like’ count as much.”

“Was that the right decision at the time? Probably not,” said Dorsey, who is also founder of fintech company Square.

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. I would not emphasize the ‘like’ count as much,” he continued.

Dorsey went as far as to say that he probably would not create a “like” function at all.

“It doesn’t actually push what we believe now to be the most important thing,” he said, “which is healthy contribution back to the network and conversation to the network.”

Dorsey has been at pains to rebuild Twitter’s status — and share price — following a series of scandals over its treatment of user data, hate speech, political campaigning and mental health issues. Twitter’s shares rose over 17% Tuesday after the firm reported a rising number of users and higher revenues.

Going forward, the CEO said the company would be reconsidering how the site displays likes, followers and retweets.

“Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted.

“(We have to) ask the deep question: Is this really the number that we want people to drive up? … I don’t believe that’s the case right now,” he said.

Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice baths

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Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: karen gilchrist, bloomberg, getty images, -jack dorsey, founder, ceo of twitter
Keywords: news, cnbc, companies, jack, reveals, dorsey, believe, start, regret, right, number, probably, big, count, service, twitter, emphasize, important, twitters


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Jack Dorsey reveals his big Twitter regret

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. “If I had to start the service again, I would not emphasize the ‘follower’ count as much. Dorsey went as far as to say that he probably would not create a “like” function at all. “Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted. Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice bathsLike this stor


“If I had to start the service again, I would not emphasize the ‘follower’ count as much. “If I had to start the service again, I would not emphasize the ‘follower’ count as much. Dorsey went as far as to say that he probably would not create a “like” function at all. “Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted. Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice bathsLike this stor
Jack Dorsey reveals his big Twitter regret Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: karen gilchrist, bloomberg, getty images, -jack dorsey, founder, ceo of twitter
Keywords: news, cnbc, companies, jack, reveals, dorsey, believe, start, regret, right, number, probably, big, count, service, twitter, emphasize, important, twitters


Jack Dorsey reveals his big Twitter regret

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. I would not emphasize the ‘like’ count as much.”

“Was that the right decision at the time? Probably not,” said Dorsey, who is also founder of fintech company Square.

“If I had to start the service again, I would not emphasize the ‘follower’ count as much. I would not emphasize the ‘like’ count as much,” he continued.

Dorsey went as far as to say that he probably would not create a “like” function at all.

“It doesn’t actually push what we believe now to be the most important thing,” he said, “which is healthy contribution back to the network and conversation to the network.”

Dorsey has been at pains to rebuild Twitter’s status — and share price — following a series of scandals over its treatment of user data, hate speech, political campaigning and mental health issues. Twitter’s shares rose over 17% Tuesday after the firm reported a rising number of users and higher revenues.

Going forward, the CEO said the company would be reconsidering how the site displays likes, followers and retweets.

“Those are not things that we thought of 13 years ago, and we believe are extremely important right now,” Dorsey noted.

“(We have to) ask the deep question: Is this really the number that we want people to drive up? … I don’t believe that’s the case right now,” he said.

Don’t miss: Billionaire Jack Dorsey’s 11 ‘wellness’ habits: From no food all weekend to ice baths

Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: karen gilchrist, bloomberg, getty images, -jack dorsey, founder, ceo of twitter
Keywords: news, cnbc, companies, jack, reveals, dorsey, believe, start, regret, right, number, probably, big, count, service, twitter, emphasize, important, twitters


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Don’t count out GE yet, cash flow problems are temporary: Analysts

After Culp’s comments Tuesday, J.P. Morgan analyst Stephen Tusa said his price target of $6 a share now “looks generous.” However, he believes the “cash flow drag is temporary.” Jim Corridore, director of industrials equity research at CFRA Research, thinks GE is moving in a positive direction and has valuable assets. He has a buy rating and $15 price target on the company’s stock. “Nobody should expect GE to be cash flow positive this year.


After Culp’s comments Tuesday, J.P. Morgan analyst Stephen Tusa said his price target of $6 a share now “looks generous.” However, he believes the “cash flow drag is temporary.” Jim Corridore, director of industrials equity research at CFRA Research, thinks GE is moving in a positive direction and has valuable assets. He has a buy rating and $15 price target on the company’s stock. “Nobody should expect GE to be cash flow positive this year.
Don’t count out GE yet, cash flow problems are temporary: Analysts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: michelle fox, akos stiller, bloomberg, getty images
Keywords: news, cnbc, companies, stock, week, problems, thinks, count, ge, analysts, share, price, temporary, target, flow, dont, power, cash


Don't count out GE yet, cash flow problems are temporary: Analysts

Shares of GE closed down 4.7 percent on the news Tuesday and dropped another 7.9 percent to close at $9.11 on Wednesday. After Culp’s comments Tuesday, J.P. Morgan analyst Stephen Tusa said his price target of $6 a share now “looks generous.”

Bergner, who has a buy rating on the stock but no price target, said GE still faces uncertainty with its power business and how it continues to restructure the company. However, he believes the “cash flow drag is temporary.”

“Investors do need to look out past the negative power period, into 2020 and 2021,” he said on “Power Lunch.” He thinks the stock could get back earning close to $1 per share, will have “better free cash flow conversion and private market value, which is how we look at it, upwards towards $20, high teens per share.”

Culp is in the process of trying to turn around GE’s fortunes by improving the company’s cash generation and cutting costs. In a letter to shareholders last week, he said the industrial conglomerate wants to rebuild around four businesses: power, renewable energy, aviation and health care. GE also announced last week that it is selling its biopharmaceutical business to Danaher.

Jim Corridore, director of industrials equity research at CFRA Research, thinks GE is moving in a positive direction and has valuable assets. He has a buy rating and $15 price target on the company’s stock.

“They have issues to work through, certainly, but they have a leader here who has shown that he’s willing to make tough decisions,” he said on “Power Lunch.” In fact, last year’s dividend cut to just a penny per share was “a strong indicator that the company will do whatever it needs to survive.”

That’s why he thinks it pays to be patient.

“Nobody should expect GE to be cash flow positive this year. Nobody should expect a quick turnaround. It didn’t take them one year to get into this mess. It’s not going to take them one year to get out,” Corridore said.

—CNBC’s Michael Sheetz contributed to this report.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: michelle fox, akos stiller, bloomberg, getty images
Keywords: news, cnbc, companies, stock, week, problems, thinks, count, ge, analysts, share, price, temporary, target, flow, dont, power, cash


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Xiaomi to triple European store count as Chinese smartphone makers double down on Europe

Xiaomi smartphones designed with latest technology in mind, senior VP says 2:37 AM ET Mon, 25 Feb 2019 | 02:04Forget the U.S. market: Chinese smartphone players are doubling down on Europe. China’s Xiaomi, the world’s fifth-largest smartphone seller, told CNBC it plans to triple its store count in Western Europe by the end of 2019. “It’s a big big target for us,” Xiaomi Senior Vice President Wang Xiang told CNBC’s Tom Chitty on Sunday at Mobile World Congress in Barcelona. Meanwhile Oppo, anothe


Xiaomi smartphones designed with latest technology in mind, senior VP says 2:37 AM ET Mon, 25 Feb 2019 | 02:04Forget the U.S. market: Chinese smartphone players are doubling down on Europe. China’s Xiaomi, the world’s fifth-largest smartphone seller, told CNBC it plans to triple its store count in Western Europe by the end of 2019. “It’s a big big target for us,” Xiaomi Senior Vice President Wang Xiang told CNBC’s Tom Chitty on Sunday at Mobile World Congress in Barcelona. Meanwhile Oppo, anothe
Xiaomi to triple European store count as Chinese smartphone makers double down on Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: elizabeth schulze
Keywords: news, cnbc, companies, oppo, makers, store, european, chinese, market, xiaomi, triple, told, double, smartphones, company, senior, smartphone, europe, count, end


Xiaomi to triple European store count as Chinese smartphone makers double down on Europe

Xiaomi smartphones designed with latest technology in mind, senior VP says 2:37 AM ET Mon, 25 Feb 2019 | 02:04

Forget the U.S. market: Chinese smartphone players are doubling down on Europe.

China’s Xiaomi, the world’s fifth-largest smartphone seller, told CNBC it plans to triple its store count in Western Europe by the end of 2019.

The company, which opened its first European location in Spain in 2017, said it hopes to operate more than 150 stores in the region by the end of the year, up from fewer than 50 at the end of 2018.

“It’s a big big target for us,” Xiaomi Senior Vice President Wang Xiang told CNBC’s Tom Chitty on Sunday at Mobile World Congress in Barcelona.

Meanwhile Oppo, another Chinese company, announced earlier this month it will launch in three new regions in Europe, including the U.K. Oppo edged out Xiaomi to become the fourth-largest vendor of smartphones globally in the fourth quarter of 2018, according to market research firm IDC. Samsung, Huawei and Apple are the three biggest sellers by market share.


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: elizabeth schulze
Keywords: news, cnbc, companies, oppo, makers, store, european, chinese, market, xiaomi, triple, told, double, smartphones, company, senior, smartphone, europe, count, end


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Putin threatens to target the US if it deploys new missiles in Europe

President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia. However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers. He warned U.S. policymakers, some of whom he said were obsessed


President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia. However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers. He warned U.S. policymakers, some of whom he said were obsessed
Putin threatens to target the US if it deploys new missiles in Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matt clinch, maxim shemetov
Keywords: news, cnbc, companies, missiles, putin, europe, respect, countries, threatens, weapons, territories, deploys, decisionmaking, warned, count, intermediaterange, target


Putin threatens to target the US if it deploys new missiles in Europe

President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia.

Putin, at his annual address to parliament on Wednesday, said his country would not seek confrontation and would not take the first step in deploying missiles after the suspension of the Intermediate-range Nuclear Forces (INF) Treaty.

However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers.

He warned U.S. policymakers, some of whom he said were obsessed with U.S. exceptionalism, about being careful before taking new measures.

“It’s their right to think how they want. But can they count? I’m sure they can. Let them count the speed and the range of the weapons systems we are developing,” Putin said to applause, according to Reuters.

“Russia will be forced to create and deploy types of weapons which can be used not only in respect of those territories from which the direct threat to us originates, but also in respect of those territories where the centers of decision-making are located.”


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matt clinch, maxim shemetov
Keywords: news, cnbc, companies, missiles, putin, europe, respect, countries, threatens, weapons, territories, deploys, decisionmaking, warned, count, intermediaterange, target


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Oil prices fall as U.S. rig count rise, trade concerns

Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. International Brent crude oil futures were down 49 cents, or 0.8 percent, at $61.61 a barrel. Analysts said economic concerns were also weighing on crude oil futures. The United States has threatened to increase tariffs already imposed on goods from China on March 1 if the trade talks do not produce an agree


Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. International Brent crude oil futures were down 49 cents, or 0.8 percent, at $61.61 a barrel. Analysts said economic concerns were also weighing on crude oil futures. The United States has threatened to increase tariffs already imposed on goods from China on March 1 if the trade talks do not produce an agree
Oil prices fall as U.S. rig count rise, trade concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: jean-paul pelissier
Keywords: news, cnbc, companies, trade, concerns, deal, crude, prices, rise, states, count, fall, markets, oil, united, rig, week, china


Oil prices fall as U.S. rig count rise, trade concerns

Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns.

A refinery fire in the U.S. state of Illinois, which resulted in the shutdown of a large crude distillation unit, that could cause crude demand to fall also weighed on prices, traders said.

U.S. West Texas Intermediate (WTI) crude futures were at $52.09 per barrel at 0347 GMT, down 63 cents, or 1.2 percent, from their last settlement.

International Brent crude oil futures were down 49 cents, or 0.8 percent, at $61.61 a barrel.

In the United States, energy firms last week increased the number of oil rigs operating for the second time in three weeks, a weekly report by Baker Hughes said on Friday.

Companies added seven oil rigs in the week to Feb. 8, bringing the total count to 854, pointing to a further rise in U.S. crude production, which already stands at a record 11.9 million bpd.

WTI prices were also weighed down by the closure of a 120,000-barrels-per-day (bpd) crude distillation unit (CDU) at Phillips 66’s Wood River, Illinois, refinery following a fire on Sunday.

Elsewhere, the head of Russian oil giant Rosneft, Igor Sechin, has written to the Russian President Vladimir Putin saying Moscow’s deal with the Organization of the Petroleum Exporting Countries (OPEC) to withhold output is a strategic threat and plays into the hands of the United States.

The so-called OPEC+ deal has been in place since 2017, aimed at reining in a global supply overhang. It has been extended several times and, under the latest deal, participants are cutting output by 1.2 million bpd until the end of June.

OPEC and its allies will meet on April 17 and 18 in Vienna to review the pact.

Analysts said economic concerns were also weighing on crude oil futures.

Vandana Hari of Vanda Insights said in a note that crude prices were dragged down “as China returned from a week-long Lunar New Year holiday and regional stock markets plunged into the red amid resurgent concerns over the U.S.-China trade dispute.”

Trade talks between the Washington and Beijing resume this week with a delegation of U.S. officials travelling to China for the next round of negotiations. The United States has threatened to increase tariffs already imposed on goods from China on March 1 if the trade talks do not produce an agreement.

Preventing crude prices from falling further have been U.S. sanctions on Venezuela, targeting its state-owned oil firm Petroleos de Venezeula SA (PDVSA).

“The issues in Venezuela continue to support prices. Reports are emerging that PDVSA is scrambling to secure new markets for its crude, after the U.S. placed additional sanctions on the country,” ANZ bank said on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: jean-paul pelissier
Keywords: news, cnbc, companies, trade, concerns, deal, crude, prices, rise, states, count, fall, markets, oil, united, rig, week, china


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Mutual funds and ETFs are quite different. Let us count the ways

So you’re getting started in the investing world and keep seeing mutual funds and exchange-traded funds as options. What’s the difference, you wonder. While there are similarities between the two, the differences could determine whether one or the other (or a mix) makes the most sense for you. “It’s very important to understand the differences between them,” said Frank McAleer, senior vice president of wealth, retirement and portfolio solutions at Raymond James. “How you use them depends on your


So you’re getting started in the investing world and keep seeing mutual funds and exchange-traded funds as options. What’s the difference, you wonder. While there are similarities between the two, the differences could determine whether one or the other (or a mix) makes the most sense for you. “It’s very important to understand the differences between them,” said Frank McAleer, senior vice president of wealth, retirement and portfolio solutions at Raymond James. “How you use them depends on your
Mutual funds and ETFs are quite different. Let us count the ways Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sarah obrien, filippobacci, getty images
Keywords: news, cnbc, companies, ways, differences, funds, etfs, wonder, investing, whats, let, quite, youre, youits, mutual, wealth, world, vice, different, count


Mutual funds and ETFs are quite different. Let us count the ways

So you’re getting started in the investing world and keep seeing mutual funds and exchange-traded funds as options. What’s the difference, you wonder. And does it matter?

While there are similarities between the two, the differences could determine whether one or the other (or a mix) makes the most sense for you.

“It’s very important to understand the differences between them,” said Frank McAleer, senior vice president of wealth, retirement and portfolio solutions at Raymond James. “How you use them depends on your investing time frame, your goals, your financial plan — there are a lot of considerations.”


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sarah obrien, filippobacci, getty images
Keywords: news, cnbc, companies, ways, differences, funds, etfs, wonder, investing, whats, let, quite, youre, youits, mutual, wealth, world, vice, different, count


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These retirees cannot count on Social Security payments

Roughly 11 percent of those “never beneficiaries” are employees who worked in jobs that receive a public pension and don’t pay into Social Security. (For example, a 2014 report from advocate TeacherPensions.org estimated 1.2 million teachers — or about 40 percent of the nation’s public K-12 teachers — aren’t covered by Social Security.) Navigating this area of Social Security gets tricky, said certified financial planner Mark LaSpisa, president of Vermillion Financial Advisors in South Barringto


Roughly 11 percent of those “never beneficiaries” are employees who worked in jobs that receive a public pension and don’t pay into Social Security. (For example, a 2014 report from advocate TeacherPensions.org estimated 1.2 million teachers — or about 40 percent of the nation’s public K-12 teachers — aren’t covered by Social Security.) Navigating this area of Social Security gets tricky, said certified financial planner Mark LaSpisa, president of Vermillion Financial Advisors in South Barringto
These retirees cannot count on Social Security payments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: kelli b grant, bennymarty, istock editorial, getty images, hero images, william mahar, istock, grafissimo
Keywords: news, cnbc, companies, social, laspisa, retirees, payments, record, public, jobs, worked, count, security, financial, pay, teachers


These retirees cannot count on Social Security payments

Roughly 11 percent of those “never beneficiaries” are employees who worked in jobs that receive a public pension and don’t pay into Social Security. Among the groups potentially affected: government workers, teachers and railroad employees. (For example, a 2014 report from advocate TeacherPensions.org estimated 1.2 million teachers — or about 40 percent of the nation’s public K-12 teachers — aren’t covered by Social Security.)

Navigating this area of Social Security gets tricky, said certified financial planner Mark LaSpisa, president of Vermillion Financial Advisors in South Barrington, Illinois.

You could be eligible for some benefits if your work record includes time at other jobs that did pay into Social Security — but different provisions may kick in that reduce your own benefit by up to 50 percent, or even completely wipe out spousal or survivor benefits.

Don’t expect a straightforward answer, said LaSpisa, who once spent two years helping a client determine her eligibility for Social Security based on the record of her deceased husband, who had worked for a railroad.

“Most of the [Social Security] offices have no clue how to handle this, because it’s not a normal process,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: kelli b grant, bennymarty, istock editorial, getty images, hero images, william mahar, istock, grafissimo
Keywords: news, cnbc, companies, social, laspisa, retirees, payments, record, public, jobs, worked, count, security, financial, pay, teachers


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Qatari energy minister says leaving OPEC not political — our voice doesn’t count

Leaving OPEC was a purely strategic decision and had nothing to do with politics, Qatari Energy Minister Saad al-Kaabi told CNBC on Wednesday. Qatar will withdraw from OPEC on January 1, ending a membership that has stood for more than half a century. “We didn’t see ourselves fitting anymore (in OPEC),” he told CNBC’s Hadley Gamble in Vienna. I know people and media would love to politicize this and they have politicized it — even in my country when you look at some of the media — because they d


Leaving OPEC was a purely strategic decision and had nothing to do with politics, Qatari Energy Minister Saad al-Kaabi told CNBC on Wednesday. Qatar will withdraw from OPEC on January 1, ending a membership that has stood for more than half a century. “We didn’t see ourselves fitting anymore (in OPEC),” he told CNBC’s Hadley Gamble in Vienna. I know people and media would love to politicize this and they have politicized it — even in my country when you look at some of the media — because they d
Qatari energy minister says leaving OPEC not political — our voice doesn’t count Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: david reid
Keywords: news, cnbc, companies, alkaabi, minister, know, told, voice, political, leaving, count, strategic, country, qatari, dont, qatar, energy, doesnt, opec, media


Qatari energy minister says leaving OPEC not political — our voice doesn't count

Leaving OPEC was a purely strategic decision and had nothing to do with politics, Qatari Energy Minister Saad al-Kaabi told CNBC on Wednesday.

The energy-rich Gulf state announced plans to pull-out of the syndicate on Monday, just days before a meeting between the influential cartel and its allies in Vienna, Austria. Qatar will withdraw from OPEC on January 1, ending a membership that has stood for more than half a century.

Neighboring countries have enforced an 18-month political and economic boycott of Qatar but al-Kaabi said the move was not political but in fact made strategic sense as the country transitioned towards liquefied natural gas (LNG) production.

“We didn’t see ourselves fitting anymore (in OPEC),” he told CNBC’s Hadley Gamble in Vienna.

“I suggested to our leadership that we should exit OPEC. I know people and media would love to politicize this and they have politicized it — even in my country when you look at some of the media — because they don’t know the facts,” he added.

On Qatar losing influence at OPEC, al-Kaabi said there was little to be lost: “We are a small player and I don’t think that our voice counts.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: david reid
Keywords: news, cnbc, companies, alkaabi, minister, know, told, voice, political, leaving, count, strategic, country, qatari, dont, qatar, energy, doesnt, opec, media


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Microsoft set to become most valuable company again after 16-year hiatus, but don’t count Apple out

Source: S&P Dow Jones IndicesMicrosoft’s recovery has been slow and steady. Ironically, when Microsoft was on top in December 1999, it was worth $604 billion, while Apple was a slender $16.5 billion, according to S&P Dow Jones Indices data. Apple has been the biggest company by market cap, since 2012, based on year-end data from S&P Dow Jones Indices. “Maybe the only company that’s reinvented itself better than Microsoft is Apple, but that was 15 years ago,” he said. AT&T, as the former Ma Bell,


Source: S&P Dow Jones IndicesMicrosoft’s recovery has been slow and steady. Ironically, when Microsoft was on top in December 1999, it was worth $604 billion, while Apple was a slender $16.5 billion, according to S&P Dow Jones Indices data. Apple has been the biggest company by market cap, since 2012, based on year-end data from S&P Dow Jones Indices. “Maybe the only company that’s reinvented itself better than Microsoft is Apple, but that was 15 years ago,” he said. AT&T, as the former Ma Bell,
Microsoft set to become most valuable company again after 16-year hiatus, but don’t count Apple out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: patti domm, zach gibson, bloomberg, getty images
Keywords: news, cnbc, companies, microsoft, apple, dont, market, jones, count, stock, valuable, sp, company, billion, dow, 16year, hiatus, set, tech


Microsoft set to become most valuable company again after 16-year hiatus, but don't count Apple out

Source: S&P Dow Jones Indices

Microsoft’s recovery has been slow and steady. “If you look back over the last four years, it’s hard to sneeze at how well it’s done ever since [CEO Satya] Nadella came in and changed the focus,” said Paul Hickey, co-founder of Bespoke. “It was able to reinvent itself and successfully.”

Apple was worth $826.8 billion Tuesday afternoon, while Microsoft was at $822.4 billion. Apple has been crushed recently by worries about iPhone sales and the tech sell-off, just months after it surpassed the $1 trillion mark.

Ironically, when Microsoft was on top in December 1999, it was worth $604 billion, while Apple was a slender $16.5 billion, according to S&P Dow Jones Indices data. Microsoft was number one again in 2002, after the tech bubble burst but with a much smaller market value of $276.4 billion.

Hickey said Microsoft isn’t getting the credit it deserves. “We’ve seen companies like IBM and GE that haven’t been able to withstand changes in the overall business environment,” he said. “Microsoft is working on the whole subscription business … and it’s really getting in front of trends.”

Apple has been the biggest company by market cap, since 2012, based on year-end data from S&P Dow Jones Indices. Apple and Amazon had been battling it out for No. 1, but the online retailer’s stock decline in the tech swoon has left its market cap at $773.27 billion as of Tuesday’s close.

Even if Microsoft surpasses Apple, the software company does not have the market sway of Apple, which has impacted sentiment and trades with the momentum names in tech. Apple has fallen 22.8 percent since Oct. 1, and Microsoft is down just 6.3 percent in that period.

“Microsoft has just been slowly going on in the background there, and almost under people’s radar. It’s down but it’s held up better than the market. It didn’t get caught up in all the excitement we saw in a lot of other stocks,” said Hickey. “You look at both of them. They have identical dividend yields right now, 1.7 percent.”

Hickey said it’s really not unusual for a stock to fall out of favor, and now it’s Apple’s turn, something that it has experienced before.

“Maybe the only company that’s reinvented itself better than Microsoft is Apple, but that was 15 years ago,” he said. “They’ve constantly been rivals to each other with each taking turns in the lead.”

Apple’s stock is now well below the average Wall Street target of $232, at $174.24, while Microsoft, $107.14 at Tuesday’s close, was just about $20 below the average analyst’s target.

“Microsoft was an example of a company that was a monopoly and became too powerful. I think under this new leadership they figured it out. Whether they deserve to be larger than Apple, I don’t know,” said Jack Ablin, CIO at Cresset Wealth Advisors. “One of the things about Microsoft, I don’t think their customers are passionate about them. Their business and their brand is a serviceable utility, but as for Apple, people go out of their way to align themselves with Apple and that brand. That’s impressive.”

Still, the market has been rewarding Microsoft. Ablin said in reinventing itself Microsoft has finessed a recurring revenue model. “Apple, for as great as it is, draws most of its revenue from one-time sales,” he said.

There is just a small group of 11 companies that have been number one, going back to 1925. AT&T, as the former Ma Bell, held that title for 59 years, while IBM was at the top for 21, according to S&P Dow Jones data. Exxon was the biggest company for several years in the mid-2000s.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: patti domm, zach gibson, bloomberg, getty images
Keywords: news, cnbc, companies, microsoft, apple, dont, market, jones, count, stock, valuable, sp, company, billion, dow, 16year, hiatus, set, tech


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