Category: News

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered artificial intelligence startup to better compete with search engines […]

Apple reports fourth-quarter earnings after the bell Thursday. It’s the end of Apple’s fiscal year, and it’s the first quarter with sales from the September launch of the iPhone 16. Here’s what to expect, according to LSEG consensus estimates: Earnings per share: $1.60 Revenue: $94.58 billion The most critical item will be what Apple signals […]

Amazon will report results for the third quarter after the bell Thursday.  Here’s what analysts are expecting: Earnings: $1.14 per share expected by LSEG Revenue: $157.2 billion expected by LSEG Amazon Web Services: $27.5 billion, according to StreetAccount Advertising: $14.3 billion, according to StreetAccount The company warned in its most recent earnings report that sales […]

The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021.  Bloomberg | Bloomberg | Getty Images In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned […]

Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market on Thursday. Here’s how the company did: Earnings per share: $1.20. That may not compare to the 41 cents expected by LSEG. Revenue: $11.19 […]

Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm, Square, told CNBC that it […]

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers are: China Telecom — one […]

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86 […]

Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft‘s massive investment in OpenAI is weighing on earnings. Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to […]

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a […]

A sign is posted in front of eBay headquarters in San Jose, California.  Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace posted its third-quarter earnings and gave guidance for the fourth quarter that fell short of Wall Street’s expectations. Here’s how the company […]

Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024. Mackenzie Sigalos | CNBC Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, […]

Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Despite Meta’s successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose […]

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax […]

Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. Mandel Ngan | AFP | Getty Images Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. […]

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024.  David Paul Morris | Bloomberg | Getty Images Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are […]

Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 10, 2024. Bloomberg | Getty Apple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the company’s last major hardware announcement of the year. The new devices are equipped […]

Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its […]

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit popped 35% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered rosy guidance. […]

Sopa Images | Lightrocket | Getty Images Super Micro’s shares plunged as much as 35% on Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was “unwilling to be associated with the […]

The results of the presidential election will have a big impact on the economy, foreign relations and health care. But when it comes to technology, one of the most powerful people shaping regulation isn’t a candidate at all. It’s Sam Altman. Neither Republican candidate Donald Trump nor his Democratic rival, Vice President Kamala Harris, have […]

Sam Altman, CEO of OpenAI, at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David A. Grogan | CNBC Sam Altman, the controversial CEO of OpenAI, has a stake in social media company Reddit that’s worth over $1 billion as of post-market trading on Tuesday. Altman controls roughly […]

Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli Lilly Eli Lilly For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. On Tuesday, Porat’s successor, Anat Ashkenazi, made her earnings […]

AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024.  Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28: […]

The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024. Andrej Sokolow | Picture Alliance | Getty Images Snap reported better-than-expected third-quarter results on Tuesday but issued light fourth-quarter guidance. The stock jumped more than 10% in extended trading. Here is how the company […]

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit shares jumped 22% in extended trading Tuesday, […]

Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images Google parent Alphabet is set to report its third-quarter earnings Tuesday after the market closes. Here is what analysts are expecting, according […]

Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023. Kelly Sullivan | Getty Images Entertainment | Getty Images 23andMe appointed three new independent directors to its board, the company announced Tuesday, one month after all seven of its previous directors abruptly resigned. The new board members are […]

Apple’s new Mac Mini is smaller than its predecessor. Apple Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. Aside from a redesign that shrunk the case and reduced the computer’s volume in half, the main upgrade on these new computers is […]

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 Images Oracle unveiled a brand-new electronic health record on Tuesday, its most significant health-care product update since acquiring the medical records giant Cerner for $28 billion […]