Tag Archives: CNBC

Amazon CEO Andy Jassy denies that 5-day office mandate is a ‘backdoor layoff’

Amazon CEO Andy Jassy denied speculation that the recently announced RTO mandate was made to further reduce headcount or appease city officials.

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Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance

Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday.

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Nvidia passes Apple as world’s most valuable company

Nvidia shares have nearly tripled this year as demand continues to swell for the company’s graphics processing units.

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Amazon gets FAA approval for new delivery drone as it begins tests in Arizona

Amazon says it has received approval from the FAA to fly its newer, smaller delivery drones, including beyond the visual line of sight of pilots.

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Palantir shares jump 23% to record on uplifting guidance

Palantir shares soared to a record on Tuesday after the software company reported better-than-expected results and issued uplifting guidance.

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OpenAI hires Meta’s former Orion head to lead its robotics efforts

The former head of Meta’s augmented reality glasses initiative has joined OpenAI to lead the startup’s robotics and consumer hardware efforts.

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Coinbase’s big election bet is about to be tested

Coinbase emerged as a top corporate donor this election cycle, backing candidates the company viewed as supporting its pro-crypto agenga.

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Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000

Cryptocurrencies inched higher as investors looked forward to results from the U.S. presidential election.

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As Americans head to the polls, social media companies are in the spotlight

Social media companies are under intense pressure to squash the spread of disinformation on their platforms during the 2024 elections

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Nintendo cuts Switch sales forecast as demand for ageing console wanes

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo’s gaming business.

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