Articles from www.cnbc.com

Articles from www.cnbc.com

Amazon will remain a minority investor in Anthropic even as new funding brings its total investment to $8B; Amazon doesn't have a seat on Anthropic's board (www.cnbc.com)
8 hours ago Amazon

Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business (www.cnbc.com)
1 day ago AI

Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI's marketshare in enterprise AI declined from 50% to 34% (www.cnbc.com)
2 days ago AI

Belgium-based Odoo, which develops open-source enterprise resource planning software, hit a €5B valuation in a secondary share round led by CapitalG and Sequoia (www.cnbc.com)
2 days ago Belgium

After a report that Trump's “Department of Government Efficiency” is considering a free tax-filing app, Intuit shares closed down 5.1% and H&R Block down 8.2% (www.cnbc.com)
3 days ago Trump Tax

Palantir stock jumps 9% after announcing a move from the NYSE to the Nasdaq; its stock is up 50%+ since reporting better-than-expected earnings on November 4 (www.cnbc.com)
7 days ago

Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments (www.cnbc.com)
7 days ago Alibaba Equity

Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge (www.cnbc.com)
9 days ago Amazon

AMD says it will lay off approximately 4% of its global staff; the company had 26,000 employees at the end of last year, according to an SEC filing (www.cnbc.com)
9 days ago AMD

Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein (www.cnbc.com)
9 days ago Amazon

Dogecoin spikes ~20% after Donald Trump announced the creation of the Department of Government Efficiency or DOGE; Dogecoin is up 153% since Election Day (www.cnbc.com)
9 days ago Trump

Shares of Swiggy opened up ~8% on their trading debut after the company raised $1.34B in its IPO, which became the second largest IPO in India this year (www.cnbc.com)
9 days ago India IPO

In an email in May, the NHTSA warned Tesla that its online posts falsely suggested that its cars are autonomous, potentially misleading and endangering drivers (www.cnbc.com)
13 days ago Tesla

AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD (www.cnbc.com)
15 days ago

Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours (www.cnbc.com)
15 days ago

Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours (www.cnbc.com)
15 days ago Airbnb

Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours (www.cnbc.com)
15 days ago 4Q

Experts say President-elect Donald Trump will likely uphold the CHIPS Act, despite his campaign rhetoric, with some modifications to its implementation (www.cnbc.com)
15 days ago Trump

Qualcomm reports Q4 revenue up 19% YoY to $10.24B, vs. $9.9B est., guides to a strong Q1, and approves $15B in additional buybacks; QCOM jumps 7%+ after hours (www.cnbc.com)
16 days ago 4Q

Jeff Bezos, Sam Altman, Sundar Pichai, Mark Zuckerberg, Satya Nadella, Michael Dell, and other tech leaders congratulate Trump on his election victory (www.cnbc.com)
16 days ago Trump Zuckerberg Jeff Bezos

Wise reports H1 2025 revenue up 19% YoY to £591.9M, profit up 55% YoY to £217.3M, and active consumer and business clients up 25% YoY to 11.4M (www.cnbc.com)
16 days ago

GOP's Bernie Moreno, a blockchain entrepreneur, defeats Senate Banking Chair Sherrod Brown in Ohio Senate race, where crypto PACs directed $40M to defeat Brown (www.cnbc.com)
16 days ago Blockchain Republican Senate Entrepreneur

Dogecoin and other memecoins rise as Trump gets closer to victory; memecoins and AI-related tokens outperformed the crypto market in the lead-up to Election Day (www.cnbc.com)
16 days ago Trump AI

Filing: Trump Media lost $19.2M in Q3, while revenue fell 5.6% YoY to just $1.01M; DJT jumped 18.6% before closing down 1.16% on November 5 (www.cnbc.com)
17 days ago Trump

Super Micro's stock drops ~16% in extended trading after it issued preliminary Q1 results and Q2 guidance below est., as the company faces accusations of fraud (www.cnbc.com)
17 days ago

Amazon receives FAA approval to fly its newer, smaller delivery drones, including beyond pilots' line of sight, and aims to ramp up deliveries near Phoenix (www.cnbc.com)
17 days ago Amazon Drone

Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous (www.cnbc.com)
17 days ago Nintendo

Meta is extending its ban on new political ads past Election Day in the US, “until later this week” (www.cnbc.com)
17 days ago Ban

Google Cloud Q3 revenue grew 35% YoY to $11.35B with a 17% operating margin, outpacing AWS' 19% YoY revenue growth to $27.45B with a 38% operating margin (www.cnbc.com)
19 days ago Google

Amazon reports Q3 AWS revenue up 19% YoY to $27.45B, vs. $27.52B est., and AWS operating income of $10.45B, vs. $9.15B est., up from $7B in Q3 2023 (www.cnbc.com)
21 days ago Amazon

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