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Xpeng plans to hire 4,000 people, invest in AI

Xpeng plans to hire 4,000 people, invest in AI

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023.VCG | Visual China Group | Getty ImagesXpeng plans to hire 4,000 new people and invest in...

Coinbase (COIN) share surge 13% after earnings

Coinbase (COIN) share surge 13% after earnings

In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 13% Friday in U.S. premarket trading after the company reported its...

Toast will reduce workforce by 10% as growth slows

Toast will reduce workforce by 10% as growth slows

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | ReutersToast, maker of restaurant management software, said on Thursday it will let go of...

Company to cut 250 employees, about 7% of company

Company to cut 250 employees, about 7% of company

A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022.Dado Ruvic | ReutersInstacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, as part of a restructuring. The news came as the...

Jeff Bezos sells more than $2 billion in Amazon stock

Jeff Bezos sells more than $2 billion in Amazon stock

Jeff Bezos.Emma McIntyre | Getty Images Entertainment | Getty ImagesAmazon founder and executive chairman Jeff Bezos sold roughly $2.08 billion of shares in the company over the past few days, according to a financial filing.The sales began Friday, the filing shows,...

Airbnb (ABNB) Q4 earnings 2023

Airbnb (ABNB) Q4 earnings 2023

Brian Chesky, co-founder and CEO of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta on Dec. 12, 2023.Dustin Chambers | Bloomberg | Getty ImagesAirbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic...

Mark Zuckerberg comments on Apple’s Vision Pro

Mark Zuckerberg comments on Apple’s Vision Pro

Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark...

Lyft 2023 Q4 earnings report

Lyft 2023 Q4 earnings report

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020.Mario Tama | Getty ImagesLyft shares initially soared in extended trading on Tuesday but pulled way back after the company's finance chief acknowledged on...

Arm stock up 29%, extending rally to second week

Arm stock up 29%, extending rally to second week

Masayoshi Son, chairman and CEO of SoftBank Group Corp.Kiyoshi Ota | Bloomberg | Getty ImagesArm shares soared 29% on Monday, extending last week's rally as investors continue to applaud the chipmaker's better-than-expected third-quarter earnings and its position in...

Crypto market: today

Crypto market: today

An image of Bitcoin and US currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017.Roslan Rahman | AFP | Getty ImagesCryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI...

Shopify (SHOP) earnings Q4 2023

Shopify (SHOP) earnings Q4 2023

An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Chris Wattie | ReutersShopify shares slid about 9% on Tuesday morning after the Canadian e-commerce company reported better-than-expected earnings for the fourth quarter but gave mixed guidance...

Revolut launches travel eSIM phone plans in the UK

Revolut launches travel eSIM phone plans in the UK

Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm.RevolutBritish financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services...

China’s Temu to run second ad, $10 million giveaway

China’s Temu to run second ad, $10 million giveaway

Sopa Images | Lightrocket | Getty ImagesTemu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, as it looks to continue growing rapidly in the United States.It's rare for a Chinese firm to buy a...

Cloudflare (NET) Q4 earnings report 2023

Cloudflare (NET) Q4 earnings report 2023

Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess...

Pinterest (PINS) Q4 2023 earnings report

Pinterest (PINS) Q4 2023 earnings report

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Chris Helgren | ReutersPinterest shares dropped in extended trading on Thursday after the company issued a weaker-than-expected...

Roblox (RBLX) Q4 2023 earnings

Roblox (RBLX) Q4 2023 earnings

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up...

Google Gemini AI launches in new app, subscription

Google Gemini AI launches in new app, subscription

Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Bard, a chief competitor to OpenAI's ChatGPT, is now called Gemini, the same name as the suite of AI models that...

Arm earnings report Q3 2024

Arm earnings report Q3 2024

Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023.Sydney BoyoArm reported fiscal third-quarter earnings Wednesday that beat estimates and gave a strong profit forecast for...

PayPal (PYPL) Q4 earnings

PayPal (PYPL) Q4 earnings

A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The shares...

Roblox (RBLX) Q3 2023 earnings

Roblox (RBLX) Q3 2023 earnings

David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022.David Paul Morris | Bloomberg | Getty ImagesRoblox reported results for the...

Uber earnings Q4 2023

Uber earnings Q4 2023

Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesUber reported fourth-quarter results Wednesday that beat analysts' estimates on top and bottom lines.Here's...

Sonos (SONO) earnings report Q1 2024

Sonos (SONO) earnings report Q1 2024

Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019.David Paul Morris | Bloomberg | Getty ImagesSonos shares rose over 12% in extended trading Tuesday after the speaker company...

Snap Q4 2023 earnings report

Snap Q4 2023 earnings report

Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.Benoit Tessier | ReutersSnap on Tuesday reported revenue that trailed...

company to cut 6% of workforce, or about 440 jobs

company to cut 6% of workforce, or about 440 jobs

The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesDocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan that aims to improve the company's "financial and...

Palantir (PLTR) earnings Q4 2023

Palantir (PLTR) earnings Q4 2023

Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesPalantir shares surged more than 19% in after-hours trading...

Company to cut 10% or around 500 employees

Company to cut 10% or around 500 employees

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersSocial media company Snap said on Monday that it would...

Microsoft CEO Satya Nadella hits 10-year anniversary

Microsoft CEO Satya Nadella hits 10-year anniversary

Microsoft CEO Satya Nadella speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023.Jason Redmond | AFP | Getty ImagesWhen Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the...

Spend money to make money

Spend money to make money

Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Mandel Ngan | AFP | Getty ImagesIt was a big week for tech earnings, with Microsoft, Meta,...

$28 billion windfall after stock jumps

$28 billion windfall after stock jumps

Facebook CEO Mark Zuckerberg is seen after fencing in the "Metaverse" with an Olympic gold medal fencer during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released Oct....

Apple’s Vision Pro headset launches in U.S.

Apple’s Vision Pro headset launches in U.S.

The first customer walks out of the Apple Store with his purchase of the Vision Pro headset in New York on February 2, 2024. Angela Weiss | Afp | Getty ImagesApple's Vision Pro headset officially launches in the U.S. on Friday. Customers who pre-ordered the headset...

Amazon announces AI shopping assistant called Rufus

Amazon announces AI shopping assistant called Rufus

An illustrative image of the Amazon shopping app seen on a mobile phone screen in front of an old, left, and a new, right, Amazon shopping app icon displayed on a screen.Artur Widak | NurPhoto | Getty ImagesAmazon on Thursday announced a new artificial intelligence...

AWS Q4 earnings report 2023

AWS Q4 earnings report 2023

Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts' projections. The company pointed to growing traction in cloud services for artificial intelligence.Many large technology companies...

Company cuts 150 jobs, 2% of workforce

Company cuts 150 jobs, 2% of workforce

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.Matt Winkelmeyer | Getty Images for DropboxZoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as...

Amazon (AMZN) Q4 earnings report 2023

Amazon (AMZN) Q4 earnings report 2023

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the closing bell.Here's what analysts are projecting:Earnings...

Apple (AAPL) earnings report Q1 2024

Apple (AAPL) earnings report Q1 2024

Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple's biggest of the year by sales and the first full sales period for the iPhone 15, which launched in September.Apple faces significant challenges, coming off four...

Okta to lay off 7% of staff, about 400 employees

Okta to lay off 7% of staff, about 400 employees

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing.CEO Todd McKinnon said in...

Qualcomm (QCOM) earnings report Q1 2024

Qualcomm (QCOM) earnings report Q1 2024

Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal first-quarter results on Wednesday that...

AMD earnings report Q4 2023

AMD earnings report Q4 2023

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersAMD reported fourth-quarter earnings Tuesday that were in line with analyst expectations....

Samsung Electronics Q4 2023 earnings report

Samsung Electronics Q4 2023 earnings report

Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty...

Judge voids Elon Musk compensation in lawsuit

Judge voids Elon Musk compensation in lawsuit

A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board of directors failed to prove "that the compensation plan was fair" or show much evidence that they had even negotiated with him.Tesla's share price...

Alphabet (GOOGL) Q4 earnings report 2023

Alphabet (GOOGL) Q4 earnings report 2023

Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet is scheduled to report fourth-quarter earnings Tuesday after the market...

Microsoft (MSFT) Q2 earnings report 2024

Microsoft (MSFT) Q2 earnings report 2024

Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will report fiscal second-quarter earnings after the market close on Tuesday.Here's what analysts polled by LSEG,...

The future of computing and entertainment

The future of computing and entertainment

SIt's night. I'm at a lake near Oregon's Mount Hood, sitting on the beach. Jazz music is playing as I write. I'm not in the real world.Well, I sort of am. I'm wearing Apple's new Vision Pro headset, which looks like a fancy pair of glowing ski goggles.Apple's...

Reed Hastings sells $1.1 billion in Netflix shares

Reed Hastings sells $1.1 billion in Netflix shares

Netflix co-founder and executive chairman Reed Hastings speaks during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022.Michael M. Santiago | Getty ImagesNetflix co-founder and executive chairman Reed...

How the Apple iPhone changed the world

How the Apple iPhone changed the world

When Apple announced the iPhone in 2007, Steve Jobs called it a "revolutionary product" in a handset category that he said needed to be reinvented. Now, nearly two decades and 42 models later, the iPhone is one of the world's most popular phones. Apple has sold over...

Intel has worst day since 2020 on weak outlook

Intel has worst day since 2020 on weak outlook

Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares slumped 12% on Friday for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short...

Intel (INTC) earnings report Q4 2023

Intel (INTC) earnings report Q4 2023

Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates.Here's how Intel did versus LSEG (formerly...

Apple opens up iPhone app store in Europe

Apple opens up iPhone app store in Europe

Apple CEO Tim Cook attends the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November...

1900 employees in Gaming after Activision deal

1900 employees in Gaming after Activision deal

Microsoft CEO Satya Nadella listens to an audience member's question during the company's annual shareholder meeting in Bellevue, Washington, Nov. 30, 2016.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft will lay off around 1,900 employees in its Gaming...

IBM Q4 earnings report 2023

IBM Q4 earnings report 2023

IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023.Prakash Singh | Bloomberg | Getty ImagesIBM shares rose as much as 8% in extended trading Wednesday after the tech and services provider announced fourth-quarter results...

Company to start share buybacks

Company to start share buybacks

Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023.One of the...

Tesla (TSLA) 2023 Q4 earnings

Tesla (TSLA) 2023 Q4 earnings

Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty ImagesTesla is set to report...

Meta passes $1 trillion in market cap

Meta passes $1 trillion in market cap

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022.David Paul Morris | Bloomberg | Getty ImagesMeta's market cap surpassed $1 trillion during intraday trading Wednesday, hitting the...

Microsoft crosses $3 trillion in market cap

Microsoft crosses $3 trillion in market cap

Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024.David Paul Morris | Bloomberg | Getty ImagesMicrosoft's market cap surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% to $404 per share.This is...

ASML earnings report Q4 and full year 2023

ASML earnings report Q4 and full year 2023

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.Emmanuel Dunand | AFP |...

Fujitsu role in could have reputational consequences

Fujitsu role in could have reputational consequences

Former subpostmasters celebrate outside the Royal Courts of Justice in London, on April 23, 2021, following a court ruling clearing subpostmasters of convictions for theft and false accounting. - Dozens of former subpostmasters, who were convicted of theft, fraud and...

Crypto entrepreneur charged in $150 million scam

Crypto entrepreneur charged in $150 million scam

The U.S. District Court for the Eastern District of New York stands in the Brooklyn borough of New York City on Jan. 18, 2019.Drew Angerer | Getty ImagesFederal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of...

Why there is a new global race to the moon

Why there is a new global race to the moon

Japan recently became the fifth nation to successfully complete a soft landing on the moon's surface, joining a select few countries — the U.S., Russia, China and India — in accomplishing this feat. But moon landings are likely to become more common over the next few...

Super Micro (SMCI) jumps on Q2 preliminary earnings

Super Micro (SMCI) jumps on Q2 preliminary earnings

Charles Liang, CEO, Super Micro Source: Supermicro Super Micro Computer, one of the best-performing tech stocks of the past few years, soared more than 30% on Friday to a record, after the maker of data center hardware issued preliminary financial results that...

Apple’s Vision Pro headset now available to order

Apple’s Vision Pro headset now available to order

Apple's Vision Pro headset is on display at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, June 5, 2023.Loren Elliott | ReutersPreorders for Apple's $3,499 Vision Pro headset began Thursday morning ahead of its...

Amazon names logistics head as new AWS CFO

Amazon names logistics head as new AWS CFO

The Amazon Web Services logo at the Web Summit in Lisbon.Henrique Casinhas | Sopa Images | Lightrocket | Getty ImagesAmazon said on Thursday that John Felton, the company's top logistics executive, will take over as chief financial officer of its AWS cloud computing...

Amazon layoffs hit its Buy with Prime unit

Amazon layoffs hit its Buy with Prime unit

A worker delivers Amazon packages in San Francisco on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesAmazon is laying off some employees in its Buy with Prime unit, the company confirmed, as it continues to look for ways to trim costs.The cuts affect fewer than 5%...

OpenAI announces first partnership with a university

OpenAI announces first partnership with a university

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Denis Balibouse | ReutersOpenAI on Thursday announced its first partnership with a higher education institution. Starting in February,...

AI models don’t need publishers’ data

AI models don’t need publishers’ data

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesDAVOS, Switzerland — Sam Altman said he was 'surprised' by the New York Times' lawsuit against his company OpenAI, saying its...

Reddit reportedly seeks to launch IPO in March

Reddit reportedly seeks to launch IPO in March

Budrul Chukrut | Lightrocket | Getty ImagesSocial media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the...

Sheryl Sandberg says she’s leaving Meta’s board

Sheryl Sandberg says she’s leaving Meta’s board

Sheryl Sandberg, chief operating officer of Facebook Inc.David Paul Morris | Bloomberg | Getty ImagesFormer Meta operating chief Sheryl Sandberg is leaving the company's board of directors."With a heart filled with gratitude and a mind filled with memories, I let the...

TSMC Q4 2023 earnings report

TSMC Q4 2023 earnings report

Jakub Porzycki | Nurphoto | Getty ImagesThe world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.Here are TSMC's fourth-quarter results...

AMD shares jump 8% to highest close since 2021

AMD shares jump 8% to highest close since 2021

Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023.David Becker | Getty ImagesAMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on...

AGI coming but is less impactful than we think

AGI coming but is less impactful than we think

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape...

Specs, price, availability, AI features

Specs, price, availability, AI features

The Samsung Galaxy S24 Ultra. The device looks a lot similar to Samsung's Galaxy S23 Ultra. The main difference this time round is what's inside: Samsung is going big on artificial intelligence.SamsungSamsung announced its new flagship Galaxy S24 smartphone range...

Bitcoin ETFs just first step in finance revolution

Bitcoin ETFs just first step in finance revolution

Bitcoin exchange-traded funds have arrived after a hard-fought battle between the crypto industry and the U.S. Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it's just the first step toward a new...

Tesla stock down on Red Sea delays, price cuts

Tesla stock down on Red Sea delays, price cuts

An employee of the Tesla Gigafactory Berlin Brandenburg works on a production line of a Model Y electric vehicle.Patrick Pleul | Picture Alliance | Getty ImagesShares of Tesla fell about 2% Friday morning as the stock faced pressure from supply chain delays due to a...

Amazon’s Audible unit lays off about 5% of staff

Amazon’s Audible unit lays off about 5% of staff

Amazon's Audible division is cutting approximately 5% of its staff in an effort to position the unit "for continued success," the executive overseeing the division told employees Thursday."We did not take this route without considerable thought," Audible CEO Bob...

Hundreds of jobs cut across engineering and hardware

Hundreds of jobs cut across engineering and hardware

Google and Alphabet CEO Sundar Pichai departs federal court on October 30, 2023 in Washington, DC. Pichai testified on Monday to defend his company in the largest antitrust case since the 1990s.Drew Angerer | Getty Images News | Getty ImagesGoogle cut several hundred...

Company cuts over 500 Twitch employees

Company cuts over 500 Twitch employees

The layoffs represent the third round of cuts at Twitch in less than a year. Last March, Twitch let go of roughly 400 staffers, and it cut some employees in its customer experience division last October.The unit has also seen turnover in its highest ranks. Longtime...

Hundreds of jobs cut in Prime Video and MGM Studios

Hundreds of jobs cut in Prime Video and MGM Studios

Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions.Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon...

Tesla launches restyled Model 3 in North America

Tesla launches restyled Model 3 in North America

The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. Costfoto | Nurphoto | Getty ImagesTesla on Wednesday rolled out the restyled version of its Model 3 compact sedan in North America at unchanged prices, months...

HPE to acquire Juniper Networks for $14 billion

HPE to acquire Juniper Networks for $14 billion

Antonio Neri, president and chief executive officer of Hewitt Packerd Enterprise (HPE), speaks during the HPE Discovery CIO Summit in Las Vegas, Nevada, U.S., on Tuesday, June 19, 2018. The summit brings together experts and industry leaders to explore the critical...

Trend Micro lays off 2% of its global workforce

Trend Micro lays off 2% of its global workforce

Krisanapong Detraphiphat | Moment | Getty ImagesTrend Micro has laid off 2% of its overall workforce.The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023, announced the layoffs Tuesday, pitching it as part of a business transformation...

OpenAI responds to New York Times lawsuit

OpenAI responds to New York Times lawsuit

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOn Monday, OpenAI, the artificial intelligence startup behind viral chatbot ChatGPT, clapped back at The New York Times in a...

Samsung Galaxy S24 Unpacked event promises AI phones

Samsung Galaxy S24 Unpacked event promises AI phones

A man walks past the Samsung logo displayed on a glass door at the company's Seocho building in Seoul on April 7, 2023.Jung Yeon-je | Afp | Getty ImagesSamsung recently announced it will host a news conference in San Jose, California, on Jan. 17 where it will unveil...

Company to cut 15% of workforce

Company to cut 15% of workforce

Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut.Michael Nagle | Bloomberg | Getty ImagesXerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model.Xerox,...

Apple stock slips 3% after Barclays downgrade

Apple stock slips 3% after Barclays downgrade

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.Jason Lee | ReutersApple shares slipped more than 3% in Tuesday morning trading, after Barclays downgraded the stock...

EU laws approved but US is top cop

EU laws approved but US is top cop

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, Feb. 23, 2022.Al Drago | Bloomberg | Getty ImagesRegulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it...

Bitcoin (BTC) price predicitions for 2024

Bitcoin (BTC) price predicitions for 2024

Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesBitcoin had a huge rally in 2023, with the digital currency up some 152% for the year.And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to...

Apple fails in bid to delay Apple Watch sales ban

Apple fails in bid to delay Apple Watch sales ban

The Apple Watch Ultra 2 is seen as people lined up to buy the newly launched iPhone 15 and other Apple products at an Apple store in Palo Alto, California, on Sept. 22, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesApple has lost a bid to delay an impending Apple...

Electric scooter company Bird files for bankruptcy

Electric scooter company Bird files for bankruptcy

A banner for electric scooter rental company Bird is displayed outside of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021.Spencer Platt | Getty ImagesThe electric scooter company Bird, once valued at $2.5 billion by investors, filed...

Activision Blizzard CEO Bobby Kotick to step down

Activision Blizzard CEO Bobby Kotick to step down

Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles.Jesse Grant | CNBCActivision Blizzard CEO Bobby Kotick will step down from his role as head of the video game company on Dec. 29, according to an internal memo from...

FTX resolves dispute with Bahamian liquidators

FTX resolves dispute with Bahamian liquidators

This illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in the background in Arlington, Virginia on February 10, 2022.Olivier Douliery | AFP | Getty ImagesBankrupt crypto...

Adobe and Figma call off $20 billion merger

Adobe and Figma call off $20 billion merger

David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012.David Paul Morris | Bloomberg | Getty ImagesAdobe and Figma, the cloud-based design tool, will terminate their...

EU opens infringement proceedings against X

EU opens infringement proceedings against X

SUQIAN, CHINA - OCTOBER 28, 2023 - Photo illustration X, Suqian, Jiangsu Province, China, October 28, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing | Future Publishing | Getty ImagesThe European Union has opened...

Amazon wins $270 million tax fight with the EU

Amazon wins $270 million tax fight with the EU

Products are seen on a conveyor belt at an Amazon fulfillment center where they are being sorted and shipped out as same day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center on November 27, 2023 in Tampa, Florida. Octavio Jones | Getty...

Adobe (ADBE) Q4 earnings report 2023

Adobe (ADBE) Q4 earnings report 2023

Adobe CEO Shantanu Narayen.Linda Dimyan | CNBCAdobe shares dropped more than 6% in extended trading Wednesday after the software maker posted a lighter-than-expected forecast for 2024.Here's how the company did, compared to consensus estimates from LSEG, formerly...

Why the Cybertruck is so hard to manufacture

Why the Cybertruck is so hard to manufacture

When Tesla unveiled its vision for an electric truck in November 2019, it shocked the world. The Cybertruck, featuring an unconventional design and clad in a custom stainless steel alloy, was equally captivating and divisive. Originally slated for a 2021 release, the...

Oracle (ORCL) Q2 earnings report 2024

Oracle (ORCL) Q2 earnings report 2024

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped more than 9% in extended trading Monday after the...

Broadcom stock spikes, on pace for best day in a year

Broadcom stock spikes, on pace for best day in a year

Hock Tan, CEO of Broadcom.Martin H. Simon | Bloomberg | Getty ImagesBroadcom shares jumped about 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares are currently trading around $1,034.Citigroup...

Rakuten plans to launch its own AI model: CEO

Rakuten plans to launch its own AI model: CEO

The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019.Paco Freire| SOPA Images | LightRocket via Getty ImagesJapan's Rakuten plans to launch its own proprietary artificial intelligence language model, its CEO told CNBC in an interview...

Elon Musk reactivates Alex Jones’ X accounts

Elon Musk reactivates Alex Jones’ X accounts

C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesElon Musk has reinstated the account of conspiracy theorist...

Ray-Ban Meta smart glasses review

Ray-Ban Meta smart glasses review

The Ray-Ban Meta Headliner smart glasses.Jake Piazza | CNBCMeta released the second generation of its Ray-Ban glasses in October. I've been testing them over the last couple of weeks and I really like them, even after factoring in the premium you pay in comparison to...

2024 CNBC Disruptor 50 list nominations

2024 CNBC Disruptor 50 list nominations

CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges.The deadline for submissions is Friday, Feb. 16 at...

IBM CEO Arvind Krishna CNBC interview

IBM CEO Arvind Krishna CNBC interview

IBM is angling hard for an AI comeback story, and CEO Arvind Krishna is counting on a recent pivot to get it there. Since May, the company has reintroduced the Watson brand as part of the company's larger strategy shift to monetize its AI products for businesses....

Robinhood launches crypto trading service in the EU

Robinhood launches crypto trading service in the EU

Robinhood logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesOnline brokerage...

‘If I was the government, I’d close it down’

‘If I was the government, I’d close it down’

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase...