Collective bargaining hasn’t traditionally had a place in Silicon Valley. Unions are nearly non-existent for white-collar tech workers, who typically enjoy large salaries, cushy perks and plenty of career mobility thanks to their high-demand skills. Wendy Liu, the economics editor of UK-based publication “New Socialist” and a former Google employee, says that the protests overall
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Few companies have the capacity to take on Foursquare, a location discovery platform that leverages its massive database to provide users with personalized recommendations, Foursquare CEO Jeff Glueck said Friday. “Other than Google and Facebook, we are the Switzerland,” Glueck said in an exclusive “Mad Money” interview with CNBC’s Jim Cramer. “We are the sort
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Private companies have a responsibility to promote social change, billionaire hedge fund manager Paul Tudor Jones told CNBC on Friday. “If we’re going to have true social change, it’s going to come through the private sector,” he told “Mad Money” host Jim Cramer in an exclusive interview. “And, boy, now’s the time we need it.”
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Hedge fund billionaire Paul Tudor Jones knows that the stock market is facing a reckoning as the Federal Reserve continues its cycle of raising interest rates to combat inflation. “Obviously, what typically starts bear markets is interest rates get so high they click it,” Jones told CNBC on Friday in an interview with Jim Cramer.
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Paul Drinkwater | NBCUniversal | Getty Images Matt LeBlanc as Joey Tribbiani, Matthew Perry as Chandler Bing, Lisa Kudrow as Phoebe Buffay, Courteney Cox as Monica Geller.  Financial stress visits renters more than homeowners. That’s the main takeaway from a new report by the Urban Institute, a nonpartisan think tank in Washington. Rental costs are
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Chevron reported quarterly earnings that beat analysts’ expectations on Friday, as record-setting oil and gas production boosted the company’s bottom line. Shares of the oil major were more than 2 percent in premarket trading. Chevron posted a profit of $4.05 billion for the quarter, more than double its earnings from a year ago. That came
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Check out the companies making headlines before the bell: Apple – Apple reported quarterly profit of $2.91 per share, above the consensus estimate of $2.78 a share. Revenue also beat expectations, however its shares are being pressured by weaker-than-expected iPhone shipment numbers, as well as a weaker-than-expected revenue forecast for the current quarter. Starbucks –
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Patrick T. Fallon | Bloomberg | Getty Images A customer exits a Wells Fargo & Co. bank branch in Los Angeles Patrick T. Fallon/Bloomberg via Getty Images Citi Research upgraded Wells Fargo shares to a buy rating from neutral on Friday, saying the bank has a “clear path to improving returns” with a reasonable valuation.
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Exxon’s global crude oil production roughly matched its output in the year ago period. However, the company’s natural gas output slipped 6.1 percent from a year ago to 9 billion cubic feet per day. Despite churning out fewer hydrocarbons, earnings in the upstream exploration and production segment more than doubled to $4.23 billion from a
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Apple’s stock sank in Friday’s premarket, a day after the company reported disappointing iPhone shipment data and provided guidance for its first fiscal quarter that fell short of analyst expectations. But Wall Street analysts told clients on Friday they were concerned about management’s decision to stop breaking apart iPhone unit sales, an insight some investors
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Cybersecurity firm Symantec beat analysts’ estimates for second-quarter profit and revenue on Thursday, easing investor concerns following three consecutive quarters of disappointing results and forecast cuts. Symantec shares jumped more than 8 percent in extended trade following the announcement. The stock ended up 3.2 percent at $18.73. “This was a big step in the right
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