In this article LYFT Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. Shannon Stapleton | Reuters Lyft reported second quarter financial results after-the-bell Tuesday, easily beating on both the top
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In this article NWF-GB The entrance to Newport Wafer Fab’s manufacturing facility in Newport, Wales. LONDON — The U.K. government has not informed Newport Wafer Fab, the U.K.’s biggest chip plant, that its sale to Chinese-owned Nexperia is under investigation, according to two sources close to the company. U.K. Prime Minister Boris Johnson told lawmakers
In this article 700-HK 9999-HK A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. Aly Song | Reuters GUANGZHOU, China — Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming “opium” and likened it to a drug. The
In this article FB Founder and CEO of Facebook Mark Zuckerberg speaks at the annual Munich Security Conference on February 15, 2020. Kuhlmann | Munich Security Conference Facebook on Monday announced it will begin requiring all of its employees to wear masks when on its campuses in the U.S., regardless of an employee’s vaccination status.
In this article SQ Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Square‘s bitcoin-related investments had a $45 million drag on operating income in its second quarter,
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Square plans to buy Australian fintech company Afterpay as it looks to expand further into the booming
Caleb McLaughlin as Lucas Sinclair, Finn Wolfhard as Mike Wheeler, Millie Bobby Brown as Eleven and Gaten Matarazzo as Dustin Henderson featured in Netflix original series “Stranger Things” Source: Netflix LONDON — A vast new movie studio is set to be built just outside London as part of an effort to tempt the likes of
Amazon CEO Andy Jassy F. Carter Smith | Bloomberg | Getty Images Shares of Amazon dipped more than 7% in early trading Friday after the company on Thursday reported disappointing second-quarter results and gave weak guidance for the current quarter, suggesting recent pandemic-fueled momentum is slowing. The stock is on pace for its worst day
In this article CMCSA T DISCA VIAC DIS USA’s Sunisa Lee (gold) celebrate son the podium during the medal ceremony of the artistic gymnastics women’s all-around final during the Tokyo 2020 Olympic Games at the Ariake Gymnastics Centre in Tokyo on July 29, 2021. Lionel Bionaventure | AFP | Getty Images If last year’s biggest
Bitcoin miner Zack Pettit skating on his work break at the SCATE Ventures mining facility in Dallesport, Washington. SCATE Ventures Inc. Nick Sears was 17 years old when he helped build a bitcoin mining farm in Dallesport, Washington. He was 18 when he was legally allowed to buy bitcoin for the first time. And now,
In this article GOOGL Larry Page, left, and Sergey Brin, co-founders of Google Inc. JB Reed | Bloomberg | Getty Images Google founders and controlling Alphabet stakeholders Larry Page and Sergey Brin have sold more than $1 billion worth of stock combined since May of this year. Beginning in May of this year, the two
SHANGHAI — Nreal, a Chinese company making glasses for so-called augmented reality experiences, is looking to go public within five years, its CEO told CNBC. “We’re thinking this is really a major tech market and really looking forward to what’s going to happen in the next 10 to 15 years. Very exciting – I think
In this article AMZN Amazon drivers begin their delivery routes as workers at an Amazon warehouse in Staten Island, New York prepare to walk off their jobs demanding stepped-up protection and pay after several workers at the facility were diagnosed with COVID-19. Paul Hennessy | Barcroft Media | Getty Images Amazon delivery companies around the
In this article AMZN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images LONDON — Amazon has been issued with a $888 million fine by the European Union for breaching the bloc’s data protection laws. The fine, disclosed by Amazon on Friday in a securities filing,
In this article PINS Ben Silbermann, co-founder, chairman and CEO of Pinterest, speaks in front of the company’s logo at the New York Stock Exchange (NYSE), during the company’s IPO on April 18, 2019 in New York City. Johannes Eisele | AFP | Getty Images Pinterest shares fell more than 14% in after-hours trading on
In this article AMZN Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon is set to announce its second-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $12.30 per share, according to analysts surveyed by
In this article AAPL A store window in Dublin, Ireland, with iPhones and Samsung Galaxy handsets on display. Artur Widak | NurPhoto | NurPhoto via Getty Images A global shortage of computer chips has impacted everything from automobiles to video game consoles. And smartphones are looking like they’re next on the list. Semiconductors have been
Pedestrians use mobile phones while walking past Twitter Inc. headquarters in San Francisco, California, U.S. Bloomberg | Getty Images Twitter has announced that it will close its San Francisco and New York offices immediately as Covid cases surge across the country. Wednesday’s announcement comes just two weeks after the social media company reopened their offices
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
People play computer games at an internet cafe in Fuyang, China’s Anhui province. Lu Qijian | Visual China Group | Getty Images LONDON – After decades of the U.S. and Japan dominating the gaming space, China’s influence is growing as its tech giants snap up gaming studios around the world. Now, some experts think video
Apple CEO Tim Cook attends the opening of the new Apple Tower Theater retail store at Apple Tower Theatre on June 24, 2021 in Los Angeles, California. JC Olivera | Getty Images Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39.57 billion in sales. That
In this article GOOGL Sundar Pichai, chief executive officer of Alphabet Inc., pauses during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Pichai urged the U.S. and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment critical. Geert Vanden Wijngaert |
In this article TKWY-NL An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019. Chris Ratcliffe | Bloomberg via Getty Images LONDON — Just Eat Takeaway.com is one of Europe’s biggest food delivery
In this article TSLA Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Samuel Corum | Bloomberg | Getty Images Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings
In this article TSLA SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla reports second-quarter results after the bell on Monday. Here’s what analysts are expecting, according to estimates compiled by Refinitiv: Earnings: 98 cents per share, adjusted, expected
This June was the hottest in American history. The 116-degree heat melted power cables in Portland, Oregon, and smashed previous temperature records. Seattle recorded an all-time high of 108 degrees, as did the Canadian province of British Columbia, at a whopping 121 degrees. As the world warms, more people are installing air conditioning. Global energy
Nicolas Economou/NurPhoto via Getty Images For Matthew Roed, Social Security is looking a lot less promising than the money he’s stashed away in his BitcoinIRA. Roed is a registered nurse living in Golden Valley, Minnesota, and he says he’s spent 16,000 hours researching all things bitcoin. His conclusion? Investing in the cryptocurrency is the key
24K-Production | iStock Editorial | Getty Images The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices. Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to
China is beating the U.S. when it comes to innovation in online money, posing challenges to the U.S. dollar’s status as the de facto monetary reserve. Nearly 80 countries — including China and the U.S. — are in the process of developing a CBDC, or Central Bank Digital Currency. It’s a form of money that’s
In this article 6694.T-JP Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. The video-conferencing software company announced it’s IPO priced at $36 per share, at an estimated
In this article AMZN AAPL FB GOOGL San Francisco Compassandcamera | Getty Images Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google. But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC. VCs are particularly concerned
Photo illustration of Tencent Music Entertainment (TME) logo, a Chinese company that develops music streaming services. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images China’s antitrust regulator ordered Tencent to give up its exclusive music licensing rights with international record labels and slapped a fine on the company, as Beijing continues to crack
Getty Actor Adrian Grenier of “Entourage” believes that fiat currencies like the U.S. dollar are on the way out, and bitcoin is poised to take their spot. While Grenier is the first to admit that he’s not a crypto expert, the actor does have a pretty large megaphone, and as of late, he’s using it
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber’s one-time, $9.4 billion stake in Chinese ride-hailing giant Didi has dwindled by half in less than a month as China escalates its threats to U.S.-listed companies. More than $2
Indian start-up Lenskart plans to go public within the next three years, CEO and founder Peyush Bansal told CNBC on Friday. The company, which sells eyewear online and via retail outlets, this week announced it received $220 million in funds, led by Singapore state investor Temasek and Falcon Edge Capital. Earlier this year, Lenskart raised
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Twitter shares rose as much as 9% in extended trading
In this article AKAM DAL COF UPS T COST Several major websites were down on Thursday in what appears to be a widespread outage. Akamai, a content distribution network, or CDN, which helps data move around the internet, said on its website it’s investigating “an emerging issue with the Edge DNS service.” The company said
Pedestrians walk past a Xiaomi Corp. store and a Samsung Electronics Co. store in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images Smartphone makers shipped about 32.4 million devices in India between April and June, according to research firm Canalys. That was about 13% fewer handsets shipped compared with the previous three months. A
In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to
In this article NFLX In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images For the first time, Netflix executives spoke at length Tuesday about the company’s video gaming aspirations. Their rationale for expanding the company’s product offerings
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
Tesla Supercharger Station CNBC | Andrew Evers Tesla CEO Elon Musk said Tuesday that the company’s network of DC fast-charging stations for its electric vehicles, also known as the Tesla Supercharger network, will be open to other types of electric vehicles in 2021. Responding to a Tesla fan on Twitter, where Musk commands a following of
Elon Musk is famous for electric vehicles, reusable rockets, and satellites that can beam down high-speed internet to the most remote regions of the planet. But in 2016, he set his sights lower. The idea was to create a company that would solve traffic by building a system of underground tunnels. Musk founded The Boring
Vlad Tenev and Baiju Bhatt, who co-founded Robinhood. Mark Neuling | CNBC Fintech is minting billionaires by the month. Already this year, Coinbase’s co-founders have joined the billionaire ranks, along with the founders of Affirm and Marqeta. For years, Silicon Valley has been taking on the banking incumbents with promises of a better customer experience,
iPhone 12 Mini and iPhone 12 Pro Max. Todd Haselton | CNBC Apple iPhones can be compromised and their sensitive data stolen through hacking software that doesn’t require the phone’s owner to click on a link, according to a report by Amnesty International published on Sunday. Amnesty International said it discovered iPhones belonging to journalists
U.S. President Joe Biden delivers remarks on the economy from the White House in Washington, U.S. July 19, 2021. Jonathan Ernst | Reuters President Joe Biden on Monday walked back some of his prior criticism of Facebook, saying he meant to accuse a handful of the social media platform’s users of spreading deadly lies about
In this article TSLA 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 — Chinese electric carmaker Xpeng Inc. has priced its new P5 sedan as low as 160,000 yuan ($24,694)
An Israeli woman uses her iPhone in front of the building housing the Israeli NSO group, on August 28, 2016, in Herzliya, near Tel Aviv. Jack Guez | AFP | Getty Images Private Israeli spy software was used to hack dozens of smartphones that belonged to reporters, human rights activists, business executives and the fiancee