Tag Archives: CNBC

Alibaba rises 3% in premarket after profit beat, despite miss on sales

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world’s second-largest economy.

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Amazon was questioned by House China committee over ‘dangerous and unwise’ TikTok partnership

Amazon’s partnership allows TikTok users to purchase products from the shopping site without leaving the Chinese-owned social media app.

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 15%

Amazon announced Prime members can access new upfront pricing for treatment of five common conditions such as erectile disfunction and men’s hair loss.

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WikiLeaks whistleblower Chelsea Manning says censorship is still ‘a dominant threat’

Former U.S. Army intelligence analyst Chelsea Manning says censorship is still “a dominant threat”.

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SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch

British online bank Zopa is on track to double pre-tax profits and increase revenue by more a third in 2024, CEO Jaidev Janardana told CNBC.

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It’s ‘liquidity, stupid’: VCs say tech investing is tough amid IPO lull and ‘nuts’ AI hype

Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite “nuts” funding rounds for AI firms like OpenAI.

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Smart ring leader Oura plans international push as CEO touts new features and thinking on hardware

Oura CEO Tom Hale spoke to CNBC about the smart ring product category and the impact of Samsung’s entrance into the space.

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Tech giants are investing in ‘sovereign AI’ to help Europe cut its dependence on the U.S.

Tech giants are investing in the development of “sovereign” AI models in Europe to reduce the region’s dependence on largely U.S.-controlled infrastructure.

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X rival Bluesky gains 1.25 million users following U.S. election

Bluesky has gained over 1.25 million new users in the past week, indicating some social media users are changing their habits following the U.S. election. 

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Cisco reports fourth straight quarter of declining revenue

Cisco reported better-than-expected results for the latest quarter but revenue continues to shrink.

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