Tag Archives: CNBC

Meta set to report Q3 earnings after the bell

Meta’s quarterly results land with the stock trading near a record after an extended rally.

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Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax on sales of shares — the move was less severe than feared.

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Apple updates MacBook Pro laptops with new chips, more memory for AI

Apple is making a significant upgrade to its lineup of computers to better support Apple Intelligence.

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Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.

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Reddit shares soar 35% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

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Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.

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How OpenAI CEO Sam Altman’s lobbying power tamed Washington

OpenAI co-founder and CEO Sam Altman has emerged as one of the most powerful people shaping AI policy.

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Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

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Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop

OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.

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AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.

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