Articles from www.cnbc.com

Articles from www.cnbc.com

Trump plans to nominate former SEC Commissioner Paul Atkins as SEC chair, keeping with his promise for a crypto-friendly administration (www.cnbc.com)
2024-12-5 Trump

Okta reports Q3 revenue up 14% YoY to $665M, $651M in subscription revenue, above $635M est., and expects Q4 revenue above est.; OKTA jumps 16%+ pre-market (www.cnbc.com)
2024-12-4 4Q

Founders Fund's Brian Singerman, one of the earliest employees of Peter Thiel's VC firm and best known for investments in SpaceX and Anduril, steps down as a GP (www.cnbc.com)
2024-12-4 SpaceX

OpenAI hires its first chief marketing officer, Kate Rouch, who joined Coinbase in 2021 to lead global marketing and PR and previously spent 11+ years at Meta (www.cnbc.com)
2024-12-4 Coinbase

Salesforce reports Q3 revenue up 8% YoY to $9.44B, vs. $9.35B est., net income up 25% YoY to $1.5B, and issues Q4 guidance above est.; CRM jumps 6%+ after hours (www.cnbc.com)
2024-12-4 4Q Salesforce CRM

Apple says it's using Amazon's Trainium and Graviton chips to serve search services and is evaluating if Tranium2 chips can be used to pre-train its AI models (www.cnbc.com)
2024-12-4 Amazon AI Apple

Twitch creator Kai Cenat completed a “subathon”, streaming 24 hours a day for 30 days, breaking Twitch subscriber records with ~727,700 subscribers in November (www.cnbc.com)
2024-12-3

Reddit COO Jen Wong says ~50% of current users are located outside the US, and the company is developing new search tools to simplify navigation on Reddit (www.cnbc.com)
2024-11-28 Reddit

US police are testing Axon's Draft One, an AI tool that generates police reports directly from Axon's bodycam audio, with 75 officers in Colorado and elsewhere (www.cnbc.com)
2024-11-28 AI

Huawei's HarmonyOS NEXT in Mate 70 series of smartphones is the company's first fully self-developed OS that reportedly no longer uses open-source Android code (www.cnbc.com)
2024-11-27 Android

Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank in a deal spurred by Masayoshi Son (www.cnbc.com)
2024-11-27

Dell Q3: revenue up 10% YoY to $24.4B, vs. $24.67B est., Infrastructure Solutions Group up 34% driven by AI sales, net income up 12%; DELL drops 6% after hours (www.cnbc.com)
2024-11-27 AI

Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income of $207.1M, up from $141.2M, and changes its corporate name to Zoom Communications Inc. (www.cnbc.com)
2024-11-26

Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help (www.cnbc.com)
2024-11-24 Startup

A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September (www.cnbc.com)
2024-11-23 Pentagon

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)
2024-11-23 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)
2024-11-21 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)
2024-11-21 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)
2024-11-21 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)
2024-11-20 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)
2024-11-16

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)
2024-11-15 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)
2024-11-14 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)
2024-11-14 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)
2024-11-14 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)
2024-11-13 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)
2024-11-13 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)
2024-11-9 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)
2024-11-8

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)
2024-11-8

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