Tech

The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images The EU’s General Court ruled Wednesday that the European Commission was right in fining Google for an antirust breach — in what represents a landmark moment for EU policy which could impact the business models of major tech players.

In this article RIVN R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share,

In this article TSLA Tesla stock was down by as much as 11% in mid-day trading on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle business. The drop is on pace to be the largest of the year for

In this article PLTR A pedestrian passes a banner displaying Palantir Technologies signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE), Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Palantir, which makes software and analytics tools for the government and large corporations, reported third-quarter earnings

Bitcoin and ether hit new all-time highs on Monday evening. Bitcoin’s price at one point rose above $67,700 – eclipsing a previous record set in late October – while ether, the native token of ethereum’s blockchain, surpassed $4,800 for the first time ever. These record-breaking moves come amid a wider rally in the crypto market.

In this article TSLA Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla shares fell by more than 5% in pre-market trading Monday after CEO Elon Musk asked his Twitter followers if he should sell 10% of his stock

Geely’s commercial vehicle unit Farizon Auto, launched a new energy semi-truck in Shanghai on Nov. 8. The company is aiming for production and rollout of the vehicle in 2024. Geely SHANGHAI — China’s Geely on Monday launched a new electric semi truck as automakers look to bring new technology to the commercial vehicles market. Geely’s

In this article UBER Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Uber reported its third-quarter results after the bell on Thursday. Shares were down about 2.5% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Loss per share: $1.28 vs. 33 cents expected Revenue:

In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading. Here’s how Airbnb did compared

In this article FB A smartphone with Facebook’s logo is seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021. Dado Ruvic | Reuters LONDON — A top U.K. official has slammed Meta, the company formerly known as Facebook, for its rebrand, and promised to bring forward criminal

In this article TSLA SpaceX founder and Tesla CEO Elon Musk holds a helmet as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk on Saturday asked millions of his Twitter followers to determine the future of a chunk of his Tesla

Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images Nuclear fusion is the ephemeral holy grail of climate technology. It would provide nearly limitless amounts of clean energy without the byproduct of

As travel industry executives tout the rapid resurgence of tourism and entertainment, the pandemic stock portfolio is getting turned upside down. Airlines stocks are rallying alongside online booking sites, ride-hailing companies and Airbnb, after earnings reports showed clear signs of a recovery in travel. At the same time, stay-at-home stocks are sagging as borders reopen

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images Electric vehicle start-up Rivian Automotive raised

In this article FB In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France. Chesnot | Getty Images Meta, formerly known as Facebook, is discussing opening its first retail stores as it looks to break into the

British artificial intelligence scientist and entrepreneur Demis Hassabis. OLI SCARFF | AFP | Getty Images Google parent company Alphabet has launched a new drug discovery company in the U.K. called Isomorphic Labs. The company will build on research carried out by London artificial intelligence lab DeepMind, which Google acquired in 2014. While the firm was

In this article QCOM Qualcomm CEO Cristiano Amon. Carlo Allegri | Reuters Qualcomm stock rose more than 12% on Thursday, one day after it reported September quarter earnings that not only beat what Wall Street expected, but also included bullish guidance for the December quarter. Part of the reason for the strong guidance is that

Jeff Bezos, left, and Elon Musk Getty Images; Reuters The U.S. Federal Court of Claims ruled against Jeff Bezos’ Blue Origin in the company’s lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk’s SpaceX earlier this year. Federal judge Richard Hertling sided with the defense in his ruling, completing a

A comparison of an original and deepfake video of Facebook CEO Mark Zuckerberg. Elyse Samuels | The Washington Post | Getty Images LISBON, Portugal — Facebook is wrong to shut down its facial recognition system, according to Gary Kasparov, the former world chess champion and chairman of the Human Rights Foundation. The decision, announced Tuesday,

In this article ROKU Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations

In this article MSFT From left, GitHub CEO Chris Wanstrath, Microsoft CEO Satya Nadella and future GitHub CEO Nat Friedman at GitHub headquarters in San Francisco. Source: Microsoft Microsoft said Wednesday that Nat Friedman, CEO of the company’s GitHub subsidiary that provides software for storing source code, is stepping down. Thomas Dohmke, GitHub’s product chief

Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images Zillow, the digital real estate company, said on Tuesday that it’s exiting its business that buys and flips homes and eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings

Scene from “Squid Game” by Netflix Source: Netflix When Bernard heard about a token named after the popular South Korean Netflix series “Squid Game,” which chronicles the lives of cash-strapped adults who play in a deadly tournament for a big jackpot, he did a quick scan on Google to see if the coin was legit.

In this article UBSG-CH LONDON — The chairman of Swiss banking giant UBS has highlighted the importance of collaboration and regulation when it comes to raising capital related to sustainability, telling CNBC that it was a “daunting task.” “We need to understand the urgency of the situation,” Axel Weber said. “We need to raise, between

In this article 700-HK The Fortnite logo displayed on a smartphone with the flag of China shown in the background. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Fortnite is calling it quits in China. The wildly popular battle-royale game, developed by Epic Games, will shut down its local Chinese version on Nov.

In this article BABA 9618-HK Alibaba said its total gross merchandise value (GMV) over the Singles Day event, which spanned 11-days, totalled 498.2 billion yuan or $74.1 billion. That beat last year’s 268.4 billion yuan figure. Alibaba GUANGZHOU, China — The biggest shopping event in the world, Singles Day, is underway but China’s e-commerce giants

In this article MMAT Facebook CEO Mark Zuckerberg is seen 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 October 28, 2021. Facebook | via Reuters Facebook co-founder Mark

In this article 9868-HK Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC GUANGZHOU, China — Xpeng Inc. said it delivered more than 10,000 cars in October, sending its Hong Kong shares

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon Amazon on Friday announced a sizable stake in Rivian Automotive, a start-up developing electric vehicles, including the retail giant’s commercial delivery vans. As of Sept. 30, 2021, Amazon held equity investments, “including preferred stock of Rivian

Riot’s Whinstone mine in Rockdale, Texas. Riot’s Whinstone Data Center ROCKDALE, Texas – In this rural Texas town of 5,600 people, two of the biggest names in bitcoin mining are battling it out for market share and cheap electricity. These rivals also happen to be next-door neighbors. Bitdeer – a firm spun off from Chinese

In this article FB A pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California. Justin Sullivan | Getty Images With its name change to Meta, the company formerly known as Facebook is trying to eliminate what

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters In June 2018, Oculus executive Jason Rubin sent an email to Facebook board member Marc Andreessen with the subject line “The Metaverse.” “We believe that the right way to break

In this article NXPI GlobalFoundries campus in Malta, N.Y. Mary Thompson | CNBC Semiconductor manufacturer GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later. Now GlobalFoundries needs to convince public market investors that the company is

Tim Cook Source: Apple Apple’s products compete as gaming platforms with Sony Playstation, Microsoft Xbox and Nintendo, the company said on Friday in a regulatory filing. Previously, Apple only said it competed against Google‘s Android in smartphones and Microsoft Windows in PCs for the attention of software developers. Apple’s competitors were an important topic in

In this article AAPL MSFT Dado Ruvic | Reuters Microsoft passed Apple in market cap on Friday, making it the world’s most valuable publicly-traded company, after Apple missed earnings expectations on Thursday. As of 10:30 a.m. ET Microsoft had a market cap of $2.45 trillion while Apple’s stood at about $2.41 trillion. Apple reported revenue

David Paul Morris | Bloomberg | Getty Images Facebook on Thursday announced that it has changed its company name to Meta. The name change, which was announced at the Facebook Connect augmented and virtual reality conference, reflects the company’s growing ambitions beyond social media with the metaverse, a classic sci-fi term Facebook has adopted to

In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts

In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell over 4% in extended trading.   “We had a very strong performance despite larger than expected supply constraints, which we estimate to

In this article AMZN Amazon Fire TV Omni Series Amazon Amazon’s first TV sets, which you can talk to and control without a remote, go on sale this week. I’ve been testing the $830 Amazon Fire TV Omni Series for a few days. It’s a good TV for the money, and Alexa can be useful,

Alphabet CEO Sundar Pichai gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Shares of Alphabet and Microsoft rallied to record highs on Wednesday after both companies reported third-quarter results that surpassed analysts’

In this article AMZN Amazon bought the naming rights to rename Key Arena to Climate Change Arena. Source: NHL Seattle If Amazon is going to achieve its goal of net-zero carbon emissions by 2040, it’s going to need to rely on new technology. To spur the process along, the company has a $2 billion venture

In this article DOGE.CM= A physical dogecoin token is seen with the logo of rival cryptocurrency shiba inu displayed in the background. Jakub Porzycki | NurPhoto | Getty Images Shiba inu, a dogecoin spin-off, is close to surpassing Elon Musk’s favorite cryptocurrency. The digital token has surged 28% in the last 24 hours, according to

In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. David Paul Morris | Bloomberg | Getty Images Microsoft shares edged 1% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: Earnings: $2.27 per share, adjusted, vs. $2.07

In this article GOOGL Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported profit and earnings for the third quarter that topped analysts’ estimates. The company’s shares were little changed after the report.

In this article AMZN VZ INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration by Avishek Das | SOPA Images | LightRocket | Getty Images Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband

In this article FB Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign

In this article FB Facebook Chairman and CEO Mark Zuckerberg. Erin Scott | Reuters Facebook is set to release its third-quarter earnings after the bell Monday, as the company reckons with an onslaught of troubling news coverage from a trove of internal documents released by a whistleblower. Here’s what analysts are expecting: Earnings: $3.19 per share

In this article PYPL PINS The PayPal app shown on an iPhone. Katja Knupper | DeFodi Images | Getty Images U.S. payments giant PayPal said Sunday that it is not currently interested in buying social media platform Pinterest. Responding to what it called “market rumors,” the financial technology company said in an update on its