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www.cnbc.com
Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours
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1 day ago
An NLRB judge finds Amazon CEO Andy Jassy violated US labor law with his comments in 2022 suggesting workers would be “less empowered” if they voted in a union
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2 days ago
Amazon
Qualcomm reports Q2 revenue up 1% YoY to $9.39B, vs. $9.34B est., handset sales up 1% YoY to $6.18B, and Q3 revenue forecast above expectations
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2 days ago
In a US Senate hearing, the UnitedHealth CEO says the company paid a $22M ransom to hackers who accessed a Change Healthcare server that wasn't protected by MFA
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2 days ago
Senate
Sources: Google laid off at least 200 employees from its “Core” teams, including its Python developer team, and plans to move some roles to Mexico and India
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2 days ago
Mexico
India
Google
Anthropic launches Team, a new enterprise plan that offers access to its Claude 3 Opus, Sonnet, and Haiku models for $30/user/month and a free iOS app
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2 days ago
IOS
AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and net income of $123M, up from a $139M loss YoY
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3 days ago
AMD
Amazon reports Q1 AWS revenue up 17% YoY to $25.04B, vs. $24.49B est., and AWS operating income of $9.42B, vs. $7.52B est., up from $5.12B YoY
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3 days ago
Amazon
Samsung Q1: revenue up 12.81% YoY to ~$52.3B, vs. ~$51.6B est., and operating profit up 932.8% YoY to ~$4.8B, vs. ~$4.3B est., as memory chip prices rebounded
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4 days ago
Samsung
China removes restrictions on Tesla cars after its China-made vehicles passed the country's data security requirements; five other local brands also got cleared
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5 days ago
China
Tesla
Meta, Alphabet, and Snap beat analysts' estimates in their Q1 results, showing acceleration in advertising growth after struggling to rebound from a dismal 2022
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6 days ago
Alphabet
As Intel reports disappointing earnings and guidance, and becomes S&P's worst performing stock in 2024, a look at the long history of company's missteps
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7 days ago
Intel
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP is up 20%+ after hours
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8 days ago
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC falls 9%+ after hours
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8 days ago
Intel
AI
Microsoft reports Q4 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY
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8 days ago
Microsoft
4Q
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation
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8 days ago
Startup
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”
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9 days ago
Source: cloud data management startup Rubrik priced its IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B
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9 days ago
IPO
Startup
Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments
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9 days ago
AI
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020
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9 days ago
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+
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9 days ago
IBM
Klarna partners with Uber to power Uber and Uber Eats payments, adding its Pay Now option in the US, Germany, and Sweden, but not installment-based payments
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9 days ago
Germany
Uber
Sweden
Filings: in 2024, ByteDance and TikTok spent $7M+ combined on lobbying against the US TikTok bill; AdImpact: TikTok spent $4.5M+ on TV and digital ad campaigns
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10 days ago
Block says it has finished the development of its own 3nm bitcoin mining chip and is working through the design with a “leading global semiconductor foundry”
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10 days ago
Bitcoin
Larry Ellison says Oracle is moving its world headquarters from Austin to Nashville to be closer to a major healthcare epicenter
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10 days ago
Oracle
Amazon ends drone deliveries in Lockeford, California, which began in 2022, and plans to expand them to Tolleson, Arizona, in 2024 and other US regions in 2025
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11 days ago
Amazon
Drone
California
Informatica says it is not currently in talks to be acquired, following Salesforce's reported interest in a ~$10B deal; INFA falls 8%+
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11 days ago
Salesforce
A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site
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13 days ago
Bitcoin
Energy
Solar
A look at Los Angeles' Homelessness Prevention pilot program, which uses AI to identify those at risk of becoming homeless, offering aid to keep them housed
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13 days ago
AI
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain
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14 days ago
Blockchain
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