Cramer Remix: This single statement by Nvidia speaks volumes

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more computing.” “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” Following several mo


Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more computing.” “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” Following several mo
Cramer Remix: This single statement by Nvidia speaks volumes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus, tyler clifford, mark schiefelbein, afp, getty images, adam jeffery, simon dawson, bloomberg
Keywords: news, cnbc, companies, speaks, upbeat, ultimately, turn, understand, investors, world, shares, statement, single, remix, nvidia, nvidias, cramer, volumes, waryclick


Cramer Remix: This single statement by Nvidia speaks volumes

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent.

The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more computing.”

“That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.”

Following several months of sharp declines in Nvidia’s shares — tied largely to a breakdown in cryptocurrency mining, a gaming slowdown in China and slower-than-expected data center build-out — Cramer could understand why investors might be wary.

Click here for his full analysis.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus, tyler clifford, mark schiefelbein, afp, getty images, adam jeffery, simon dawson, bloomberg
Keywords: news, cnbc, companies, speaks, upbeat, ultimately, turn, understand, investors, world, shares, statement, single, remix, nvidia, nvidias, cramer, volumes, waryclick


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Dollar buyers are the big winners as prime London property tumbles

The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings. Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before. The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014


The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings. Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before. The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014
Dollar buyers are the big winners as prime London property tumbles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: david reid, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, property, winners, billion, uks, dollar, buyers, 2018, big, tumbles, compared, london, value, sold, prime, quarter


Dollar buyers are the big winners as prime London property tumbles

The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings.

Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before.

New data published by real estate analysis firm LonRes also revealed that more than half of properties had to fall in price before managing to achieve a sale.

The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014 peak.

Moreover, during 2018’s fourth quarter those buying top London property in U.S. dollars are estimated to have averaged a 36 percent saving compared to 2014’s peak prices. The value of sterling has fallen sharply with a steep drop in value shortly after the result of the 2016 referendum on the U.K.’s membership of the European Union (EU).

Roughly £2.9 billion ($3.7 billion) of housing stock was sold in the prime central London area in 2018 compared to £3.5 billion in 2017.

Meanwhile, transactions in the fourth quarter of 2018 were down 13 percent, compared to the same period in 2017.

Brexit, the U.K.’s exit from the EU, was cited by some 69 percent of agents who answered the survey as the root of the slowdown in 2018. Almost half said Brexit would remain the biggest drag to demand in the year ahead.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: david reid, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, property, winners, billion, uks, dollar, buyers, 2018, big, tumbles, compared, london, value, sold, prime, quarter


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IMF’s Lagarde says oil exporters not fully recovered from 2014 shock, warns of ‘white elephant projects’

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on “white elephant projects.” “This has led to a sharp increase in public debt, from 13 percent of GDP in 2013 to 33 percent in 2018.” Lagarde said governments in the region might be tempted to favor white elephant projects instead of investment in people and productive potential. Among oil importers in the Middle


Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on “white elephant projects.” “This has led to a sharp increase in public debt, from 13 percent of GDP in 2013 to 33 percent in 2018.” Lagarde said governments in the region might be tempted to favor white elephant projects instead of investment in people and productive potential. Among oil importers in the Middle
IMF’s Lagarde says oil exporters not fully recovered from 2014 shock, warns of ‘white elephant projects’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, oil, fully, recovered, lagarde, middle, public, region, growth, fiscal, imfs, exporters, shock, white, warns, gdp, projects, spending, global


IMF's Lagarde says oil exporters not fully recovered from 2014 shock, warns of 'white elephant projects'

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on “white elephant projects.”

“With revenues down, fiscal deficits are only slowly declining, despite significant reforms on both the spending and revenue sides, including the introduction of VAT and excise taxes,” Christine Lagarde, the managing director of the IMF, told a conference in Dubai.

“This has led to a sharp increase in public debt, from 13 percent of GDP in 2013 to 33 percent in 2018.”

Lagarde said the uncertainty in the growth outlook for oil exporters also reflected moves by countries to shift rapidly toward renewable energy over the new few decades, in line with the Paris climate change pact.

She said there was scope to improve fiscal frameworks in the Middle East with some of the weaknesses emanating from “short-termism and insufficient credibility.”

Lagarde said governments in the region might be tempted to favor white elephant projects instead of investment in people and productive potential.

Saudi Arabia, the Middle East’s biggest economy, has announced plans to go ahead with three major projects including NEOM, a $500 billion economic zone announced by Crown Prince Mohammed bin Salman.

The projects are backed by the country’s sovereign wealth fund, the Public Investment Fund.

Lagarde also said across the region, it is common for sovereign wealth funds to directly finance projects, bypassing the normal budget process, while state-owned enterprises in some countries had high levels of borrowing, outside the budget.

She said oil exporters could follow the example of other resource-rich countries such as Chile and Norway in using fiscal rules to protect priorities, such as social spending, from commodity price volatility.

Among oil importers in the Middle East region, growth had picked up, but it was still below the level before the global financial crisis, she said.

Fiscal deficits remained high, and public debt had risen rapidly — from 64 percent of GDP in 2008 to 85 percent a decade later, she said. Public debt now exceeded 90 percent of GDP in nearly half of these countries.

Speaking about the global economy, Lagarde said the IMF was not seeing a global recession on the horizon, but risks were rising for global growth due to trade tensions and tightening financial conditions.

The IMF’s revised forecast sees the global economy growing by 3.5 percent this year, 0.2 percentage points below what it expected in October.

“Unsurprisingly, a weaker global environment has knock-on effects on the region through a variety of channels — trade, remittances, capital flows, commodity prices, and financing conditions,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, oil, fully, recovered, lagarde, middle, public, region, growth, fiscal, imfs, exporters, shock, white, warns, gdp, projects, spending, global


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Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo


The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo
Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


Chip stocks fall after Goldman and others warn they've gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. Demand also slowed between softer iPhone sales and a deceleration in cryptocurrency mining ventures.

And while those fears abated in the final days of 2018 and into the new year, Goldman and others have cautioned that the pain may not be over yet.

“Our near-term caution about being too early on memory is not just about avoiding catching a falling knife, but also the fact that upturns typically last for a year or longer,” Delaney added. “It’s only the second quarter of the DRAM downturn, and while NAND has been weak for several quarters there are still high levels of NAND inventory and demand in key markets like smartphones is quite weak.”

Also weighing on the chipmaker space Friday was Qorvo’s quarterly earnings report. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well below consensus estimates of $1.33. The company reported earnings Thursday after market close.

“Qorvo’s March quarterly guidance reflects weakness in the broader smartphone market, partially offset by content gains with the leading Korea-based smartphone manufacturer and double-digit, year-over-year growth in IDP,” Chief Financial Officer Mark Murphy said of the projection. Qorvo’s stock was last seen down more than 6 percent.

Mizuho also penned a more bearish note on semiconductor stocks Friday. Analyst Vijay Rakesh downgraded Dutch chip manufacturer NXP Semiconductors, telling clients that while management’s cost control initiative is appreciated, the company’s 2019 global GDP outlook looks a little optimistic. Further, the stock’s valuation seems steep following a 40 percent rally since December, the analyst wrote.

“While CEO Rick Clemmer and CFO Peter Kelly have executed well with cost controls and steering the company, we are moving to the sidelines as we see continued challenges in China and Europe with auto and industrial headwinds limiting meaningful upside,” he wrote.

NXP fell 2.8 percent Friday.

— CNBC’s Michael Bloom contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


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Dunkin’, Taco Bell announce delivery expansion as others hit bumps in the road

Both Dunkin’ and Yum Brands used their earnings conference calls Thursday to announce new developments in delivery. Meanwhile, Dunkin’ is dipping its toes into delivery by launching a small pilot, also with Grubhub, the market leader. More and more restaurants are partnering with third-party delivery services as foot traffic stalls as a way to keep growing sales. The largest delivery services typically charge restaurants commission fees of 15 to 30 percent per order. He said for most restaurants


Both Dunkin’ and Yum Brands used their earnings conference calls Thursday to announce new developments in delivery. Meanwhile, Dunkin’ is dipping its toes into delivery by launching a small pilot, also with Grubhub, the market leader. More and more restaurants are partnering with third-party delivery services as foot traffic stalls as a way to keep growing sales. The largest delivery services typically charge restaurants commission fees of 15 to 30 percent per order. He said for most restaurants
Dunkin’, Taco Bell announce delivery expansion as others hit bumps in the road Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, customer, expansion, food, dunkin, drinks, hit, bell, using, control, announce, company, delivery, restaurants, bumps, commission, taco, road, customers


Dunkin', Taco Bell announce delivery expansion as others hit bumps in the road

Both Dunkin’ and Yum Brands used their earnings conference calls Thursday to announce new developments in delivery.

Taco Bell, which is owned by Yum, is now delivering its food nationwide via Grubhub. Meanwhile, Dunkin’ is dipping its toes into delivery by launching a small pilot, also with Grubhub, the market leader.

More and more restaurants are partnering with third-party delivery services as foot traffic stalls as a way to keep growing sales. Working with a third party means that restaurants can skip some of the hassle of delivery while still appealing to consumers who want more convenient food options.

But using those delivery platforms comes at a cost. High fees can reduce already low restaurant margins by as much as 30 percent. The largest delivery services typically charge restaurants commission fees of 15 to 30 percent per order. Restaurants also lose control over customer data and the quality of customer service.

McDonald’s has expanded delivery to more than 19,000 of its global locations through a partnership with UberEats, which just celebrated its two-year anniversary. In the last two years alone, delivery has become a $3 billion business for the fast food chain.

However, McDonald’s U.S. franchisees have expressed dissatisfaction with their returns on orders delivered by UberEats, adding it to a list of other corporate decisions the restaurant owners believe are not in their best interest.

Last year, the franchisees formed an independent organization called the National Owners Association to address their frustrations. A recent survey by the group found that 785 franchisees said they would support negotiations for better commission rates between Uber Eats and McDonald’s, Skift Table reported. Uber Eats charges commission rates between 15 to 20 percent, according to Skift. In the survey, 565 operators said delivery was not generating a positive cash flow for their business yet.

“The company’s position is that there is no additional labor required for Uber Eats. We beg to differ,” the NOA board said in a post on the group’s website. “Once you add labor into the equation, there is no cashflow for the owners.”

Partnering with a delivery platform means that the restaurants are missing out on customer data. Most arrangements do not give the restaurants’ access to data about what customers are ordering, Dylan Bolden, managing director at Boston Consulting Group, said.

Restaurants also lose control over the customer experience, but they’re still on the hook when it comes to their reputation if customers’ orders show up cold.

“The risks are – if you’re a brand thinking about delivery – how can you control that experience if you’re using a third party,” Bolden said.

Starbucks, for example, has to make sure its drinks for delivery are hotter than normal to ensure that they reach customers at their usual temperature. The company has partnered with e-commerce giant Alibaba to deliver its drinks in China and is expanding its U.S. pilot program with UberEats. It started offering delivery in Chicago and Boston on Monday, joining three other cities.

The coffee giant is on track to reach its goal of offering delivery in nearly a quarter of its stores by this spring, but it’s still adjusting to the changes that come with delivering its hot and cold drinks. In China, customers have an average wait time of 19 minutes. The company is also considering changing up its menu of drinks available for delivery, Rosalind Brewer, Starbucks’ chief operating officer, told analysts on its latest quarterly conference call.

Even with commission rates and delivery costs, Bolden still believes delivery is a good financial idea for most restaurants, as long as the demand is incremental. He said for most restaurants, delivery demand is about 75 percent incremental.

He worked with sandwich-maker Jimmy John’s, which has been delivering its food with its own drivers for 36 years, to decide if the company should consider outsourcing its delivery. The sandwich company, which employs more than 45,000 delivery drivers nationwide, decided that switching didn’t make sense.

For the restaurant chains like Jimmy John’s that have been handling their own delivery for decades, they’re mostly sticking to business as usual.

Domino’s CEO Richard Allison said on CNBC last month that the pizza chain only wants to hire its own drivers to retain control over quality and customer experience.

Instead of switching to a third-party service, Domino’s is making investments in its delivery. To shorten the average delivery time, the company has been opening more locations across the country, a strategy that it’s calling “fortressing.”

Jimmy John’s is even using its decision to handle its own delivery orders to kick off a national advertising campaign this week.

“When you look at the key things that customers care about with speed, care and accuracy, the study showed that we win on all of those things,” John Shea, its chief marketing officer, said. “We gotten this advantage that we’ve built up over the last 36 years.”

Long-term, Bolden predicts that some restaurants will choose to leverage third-party platforms for last-mile delivery only. Chipotle has already started to do that, using Doordash to drop off customers’ burritos after they are ordered on the Mexican food chain’s app.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, customer, expansion, food, dunkin, drinks, hit, bell, using, control, announce, company, delivery, restaurants, bumps, commission, taco, road, customers


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UK trade minister Fox says EU ‘irresponsible’ to refuse to reopen Brexit deal

It would be irresponsible for the European Union to refuse to reopen negotiations over Britain’s exit deal, British trade minister Liam Fox said in an interview aired on Sunday. Prime Minister Theresa May has said she is seeking changes to the Withdrawal Agreement she negotiated with Brussels in order to win the support of parliament, but the EU has said the deal cannot be renegotiated. “Are they really saying that they would rather not negotiate and end up in a ‘no deal’ position?,” Fox told Sk


It would be irresponsible for the European Union to refuse to reopen negotiations over Britain’s exit deal, British trade minister Liam Fox said in an interview aired on Sunday. Prime Minister Theresa May has said she is seeking changes to the Withdrawal Agreement she negotiated with Brussels in order to win the support of parliament, but the EU has said the deal cannot be renegotiated. “Are they really saying that they would rather not negotiate and end up in a ‘no deal’ position?,” Fox told Sk
UK trade minister Fox says EU ‘irresponsible’ to refuse to reopen Brexit deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-03  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, fox, eu, irresponsible, refuse, deal, interview, agreement, uk, union, brexit, minister, trade, win, withdrawal, reopen


UK trade minister Fox says EU 'irresponsible' to refuse to reopen Brexit deal

It would be irresponsible for the European Union to refuse to reopen negotiations over Britain’s exit deal, British trade minister Liam Fox said in an interview aired on Sunday.

Prime Minister Theresa May has said she is seeking changes to the Withdrawal Agreement she negotiated with Brussels in order to win the support of parliament, but the EU has said the deal cannot be renegotiated.

“Are they really saying that they would rather not negotiate and end up in a ‘no deal’ position?,” Fox told Sky News in a pre-recorded interview. “It is in all our interests to get to that agreement and for the EU to say we are not going to even discuss it seems to me to be quite irresponsible.”


Company: cnbc, Activity: cnbc, Date: 2019-02-03  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, fox, eu, irresponsible, refuse, deal, interview, agreement, uk, union, brexit, minister, trade, win, withdrawal, reopen


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Deutsche Bank swings to first full-year net profit since 2014

Deutsche Bank posted its first full-year net profit since 2014 on Friday, despite a weak fourth quarter, amid growing merger speculation and a series of uphill struggles. The profit number of 341 million euros ($390 million) for 2018 failed to beat market consensus, with a Reuters poll of analysts predicting a figure of 461 million euros. For the fourth-quarter alone, the bank posted as loss of 409 million euros, which also failed to match estimates. “Our return to profitability shows that Deuts


Deutsche Bank posted its first full-year net profit since 2014 on Friday, despite a weak fourth quarter, amid growing merger speculation and a series of uphill struggles. The profit number of 341 million euros ($390 million) for 2018 failed to beat market consensus, with a Reuters poll of analysts predicting a figure of 461 million euros. For the fourth-quarter alone, the bank posted as loss of 409 million euros, which also failed to match estimates. “Our return to profitability shows that Deuts
Deutsche Bank swings to first full-year net profit since 2014 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: silvia amaro, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, deutsche, profitability, poll, million, bank, quarter, euros, net, failed, posted, fullyear, 2018, profit, swings


Deutsche Bank swings to first full-year net profit since 2014

Deutsche Bank posted its first full-year net profit since 2014 on Friday, despite a weak fourth quarter, amid growing merger speculation and a series of uphill struggles.

The profit number of 341 million euros ($390 million) for 2018 failed to beat market consensus, with a Reuters poll of analysts predicting a figure of 461 million euros. For the fourth-quarter alone, the bank posted as loss of 409 million euros, which also failed to match estimates.

“Our return to profitability shows that Deutsche Bank is on the right track. Now, our priority is to take the next step. In 2019 we aim not only to save costs but also to make focused investments in growth. We aim to grow profitability substantially through the current year and beyond,” CEO Christian Sewing said in statement.

Net revenues came in at 25 billion euros for the year and 5.5 billion for the last quarter of 2018, which both narrowly missed estimates in a Reuters poll. Its common equity tier-1 ratio, which indicates a bank’s strength, dropped to 13.6 percent in 2018, versus 14 percent at the end of 2017.

The German lender has been under immense scrutiny by investors given its prolonged and ongoing troubles. It has been plagued by fines and several failed restructuring attempts. More recently, its headquarters were raided by prosecutors amid a money-laundering investigation.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: silvia amaro, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, deutsche, profitability, poll, million, bank, quarter, euros, net, failed, posted, fullyear, 2018, profit, swings


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How Google CEO’s brilliant answer in a job interview helped him get hired

That means knowing how to answer each question, including the tricky ones designed to stump you. That’s a problem Google CEO Sundar Pichai faced in 2004, when he first interviewed at the company for the VP of product management position. There was just one problem: Google had just announced the email service that very same day, on April 1st. He responded by saying he couldn’t answer the question because he hadn’t been able to use the product. “It was only in the fourth interview when someone ask


That means knowing how to answer each question, including the tricky ones designed to stump you. That’s a problem Google CEO Sundar Pichai faced in 2004, when he first interviewed at the company for the VP of product management position. There was just one problem: Google had just announced the email service that very same day, on April 1st. He responded by saying he couldn’t answer the question because he hadn’t been able to use the product. “It was only in the fourth interview when someone ask
How Google CEO’s brilliant answer in a job interview helped him get hired Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: tom popomaronis, simon dawson, bloomberg, getty images, -laszlo bock, former senior vp of people operations at google
Keywords: news, cnbc, companies, google, pichai, problem, gmail, job, thought, hired, brilliant, product, ceos, answer, question, asked, interview, helped


How Google CEO's brilliant answer in a job interview helped him get hired

When it comes to job interviews, we all want to give answers that make us stand out from the rest of the candidates. That means knowing how to answer each question, including the tricky ones designed to stump you.

But what if you don’t know the answer to a question?

That’s a problem Google CEO Sundar Pichai faced in 2004, when he first interviewed at the company for the VP of product management position. In a 2017 chat with students at his alma mater, Indian Institute of technology, Pichai shared details about his interview experience at one of the world’s largest tech companies.

In the first few rounds, Pichai said the interviewers asked him what he thought of Gmail. There was just one problem: Google had just announced the email service that very same day, on April 1st. “I thought it was an April Fool’s Day joke,” Pichai said.

He responded by saying he couldn’t answer the question because he hadn’t been able to use the product. “It was only in the fourth interview when someone asked, ‘Have you seen Gmail?’ I said no. So he actually showed it to me. And then the fifth interviewer asked, ‘What do you think of Gmail?’ And I was able to start answering it then,” Pichai said at the talk.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: tom popomaronis, simon dawson, bloomberg, getty images, -laszlo bock, former senior vp of people operations at google
Keywords: news, cnbc, companies, google, pichai, problem, gmail, job, thought, hired, brilliant, product, ceos, answer, question, asked, interview, helped


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Saudi NEOM set up as joint stock company run by state fund

Saudi Arabia has set up a closed joint-stock company, called NEOM, that aims to develop a $500 billion economic zone and which will be owned by the government’s Public Investment Fund, the state news agency SPA reported on Tuesday. NEOM is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan that aims to attract foreign investment and create jobs in a bid to wean the kingdom off reliance on oil. The new legal status of NEOM will enable the company to create 16 key economic areas, includin


Saudi Arabia has set up a closed joint-stock company, called NEOM, that aims to develop a $500 billion economic zone and which will be owned by the government’s Public Investment Fund, the state news agency SPA reported on Tuesday. NEOM is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan that aims to attract foreign investment and create jobs in a bid to wean the kingdom off reliance on oil. The new legal status of NEOM will enable the company to create 16 key economic areas, includin
Saudi NEOM set up as joint stock company run by state fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, create, stock, neom, arabia, set, fund, company, investment, hightech, square, joint, economic, energy, state, spa, saudi, run


Saudi NEOM set up as joint stock company run by state fund

Saudi Arabia has set up a closed joint-stock company, called NEOM, that aims to develop a $500 billion economic zone and which will be owned by the government’s Public Investment Fund, the state news agency SPA reported on Tuesday.

NEOM is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan that aims to attract foreign investment and create jobs in a bid to wean the kingdom off reliance on oil.

The new legal status of NEOM will enable the company to create 16 key economic areas, including energy, manufacturing and tourism, SPA said.

The 26,500 square km (10,230 square mile) high-tech hub, first revealed in 2017, will include high-tech projects powered by wind and solar energy and sports halls, concert facilities and restaurants.

Saudi Arabia said this month it planned to start developing the first area of NEOM in the first quarter of 2019.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, create, stock, neom, arabia, set, fund, company, investment, hightech, square, joint, economic, energy, state, spa, saudi, run


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Gold rises as growth concerns, US govt shutdown weigh on dollar

Gold prices rose on Thursday as the dollar declined due to concerns the prolonged U.S. government shutdown will limit economic growth at the same time when global growth is slowing as well. Spot gold was up 0.1 percent at $1,283.31 per ounce, as of 0326 GMT, while U.S. gold futures were down 0.1 percent at $1,282.60 per ounce. “We are seeing a weaker U.S. dollar for the moment, which is in general supportive for gold,” Michael McCarthy, chief market strategist at CMC Markets said. However, a pro


Gold prices rose on Thursday as the dollar declined due to concerns the prolonged U.S. government shutdown will limit economic growth at the same time when global growth is slowing as well. Spot gold was up 0.1 percent at $1,283.31 per ounce, as of 0326 GMT, while U.S. gold futures were down 0.1 percent at $1,282.60 per ounce. “We are seeing a weaker U.S. dollar for the moment, which is in general supportive for gold,” Michael McCarthy, chief market strategist at CMC Markets said. However, a pro
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Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, war, trade, weigh, shutdown, supportive, gold, ounce, govt, growth, dollar, 01, concerns, rises, rose


Gold rises as growth concerns, US govt shutdown weigh on dollar

Gold prices rose on Thursday as the dollar declined due to concerns the prolonged U.S. government shutdown will limit economic growth at the same time when global growth is slowing as well.

Spot gold was up 0.1 percent at $1,283.31 per ounce, as of 0326 GMT, while U.S. gold futures were down 0.1 percent at $1,282.60 per ounce.

“We are seeing a weaker U.S. dollar for the moment, which is in general supportive for gold,” Michael McCarthy, chief market strategist at CMC Markets said.

However, McCarthy cautioned that bullion price gains are limited by slowing investor buying as indicated by price charts used by technical traders.

“The issue for gold is there is a very heavy resistance seen around $1,290 and $1,310. A further weakening of the U.S. dollar could be supportive. But, we need something to really push gold through the resistance level,” he said.

The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell for third day, dropping 0.3 percent during that period. However, Asian shares rose on Thursday after Wall Street managed to end higher.

On Wednesday, U.S. President Donald Trump said that the United States was doing well in trade talks with China, saying at a White House event that China “very much wants to make a deal.”

However, a prolonged U.S. government shutdown reminded investors of risks to growth to the economy.

White House economic adviser Kevin Hassett said in a CNN interview the U.S. economy could see zero growth in the first three months if the partial government shutdown lasts for the whole quarter.

Meanwhile, investor focus turned to the European Central Bank (ECB), which is widely expected to keep its monetary policy unchanged at its first policy meeting of 2019 that ends later on Thursday.

Market watchers also expect ECB to acknowledge growing threats to the euro zone economy.

“The ongoing trade war, Brexit and slow global growth narrative are supportive for gold at present levels, as is Chinese seasonal demand,” MKS PAMP Group said in a research note.

“That being said, Comex non-commercial and exchange-traded fund (ETF) holdings remain extended, so we expect a bit of tug of war in the short-term between $1,270-$1,300.”

Holdings of SPDR Gold, the largest gold-based ETF, was at its highest since June 2018.

Among other metals, palladium, which hit a record high of $1,434.50 an ounce last week on low inventories and rising demand, rose 0.1 percent to $1,348.50 an ounce.

Silver was down 0.1 percent $15.35 an ounce, while platinum was steady at $795.

— CNBC contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, war, trade, weigh, shutdown, supportive, gold, ounce, govt, growth, dollar, 01, concerns, rises, rose


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