iPhone SE Todd Haselton | CNBC Apple could launch new products as soon as March 8, according to a report from Bloomberg. The report says that Apple is preparing to announce a new low-cost 5G iPhone and iPad at the event and potentially a new Mac. The launch would be Apple’s first since October 2021,
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In this article AMZN Andy Jassy, CEO of Amazon Web Services, speaks at the 2019 CERAWeek by IHS Markit conference in Houston, Texas, on March 11, 2019. Aaron M. Sprecher | Bloomberg | Getty Images Amazon just reported its slowest revenue growth in over four years and missed estimates. But investors found plenty of relief
In this article SNAP Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Snap reported its first quarterly net profit on Thursday, and beat analyst estimates for the fourth quarter on earnings, revenue and user growth. The report comes a day after Facebook parent Meta delivered disappointing guidance for the first quarter
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report its fourth-quarter earnings after the bell on Thursday. Here’s what Wall Street expects: Earnings per share: $3.57, according to
In this article FB Building the metaverse isn’t cheap. Meta, Facebook’s parent company, revealed the financials of its Reality Labs division for the first time in its Q4 2021 earnings report on Wednesday. That’s the segment of the company tasked with building CEO Mark Zuckerberg’s vision for the metaverse. It also includes revenue from hardware,
In this article FB Facebook CEO Mark Zuckerberg speaks 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 is set to report fourth-quarter earnings after the bell on Wednesday. Here are
A bitcoin sculpture made from scrap metal is installed outside the BitCluster cryptocurrency mining farm in Norilsk, Russia, on Sunday, Dec. 20, 2020. Andrey Rudakov | Bloomberg | Getty Images Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash even as investors grow wary about
In this article GOOGL Sundar Pichai, CEO of Alphabet, in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. The shares popped in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. Here
In this article NYT This photo illustration shows a person playing online word game “Wordle” on a mobile phone in Washington, DC on January 11, 2022. Stefani Reynolds | AFP | Getty Images The New York Times is acquiring Wordle, an online game that shot up to popularity seemingly overnight. The move highlights the importance
In this article SPOT Joe Rogan Vivian Zink | SYFY | NBCUniversal Podcaster Joe Rogan has apologized to Spotify, while also addressing the controversy around his podcast. Musicians Neil Young and Joni Mitchell recently boycotted the service for continuing to host “The Joe Rogan Experience, which has been accused by medical professionals of spreading Covid
In this article SPOT In this March 15, 2016 file photo, Bruce Springsteen, center, performs with Nils Lofgren, left, and Steven Van Zandt of the E Street Band during their concert at the Los Angeles Sports Arena in Los Angeles. Springsteen’s latest album, “Letter To You” will be released on Oct. 23. Chris Pizzello |
In this article CMCSA AMZN AAPL T DIS NFLX VIAC Temuera Morrison stars as Boba Fett in “The Mandalorian.” Source: Disney For the past two years, media and entertainment companies have been dead-set on showing Wall Street that they have a strong streaming video strategy to counter traditional pay-TV decilnes. The thesis was follows: Taking
In this article .FKRX300 TSLA GM Electric vehicles provide a path to better air quality, reduced fuel costs and comprise a growing new category for automakers. But with the transition to electric transportation comes a new challenge: Vehicles with lithium ion batteries can be especially dangerous when they catch fire. The good news is battery
Mike Lynch, former CEO of Autonomy. Hollie Adams | Bloomberg via Getty Images LONDON — British tech entrepreneur Mike Lynch is set to be extradited to the United States to face criminal charges related to the sale of his company Autonomy to Hewlett-Packard, after a ruling made by U.K. interior minister Priti Patel. Lynch sold
In this article AAPL Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Warren Buffett’s Berkshire Hathaway notched more than $8 billion in gains on Friday as Apple stock rose more than 5% on a strong earnings report. Apple reported December quarter earnings on Thursday, posting nearly $124 billion in sales and strong
Maja Hitij | Getty Images News | Getty Images Microsoft cruised past earnings estimates and issued a better-than-expected forecast. So did Intel. Apple and Tesla topped expectations across the board, while subscription software vendors ServiceNow, Qualtrics and Atlassian all posted decisive beats. All that happened this week. But it wasn’t enough, as of midday Friday,
In this article AAPL Apple CEO Tim Cook attends the grand opening event of the new Apple store at The Grove on November 19, 2021 in Los Angeles, California. Mario Tama | Getty Images Apple CEO Tim Cook said the company is seeing inflationary pressure in an interview with CNBC’s Julia Boorstin on Thursday as
In this article AAPL Tim Cook participates in a panel discussion in New York City. Brian Ach | Getty Images Apple reports fiscal first-quarter earnings after the bell. The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point about how Apple’s latest phone
In this article TSLA Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing
In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share
Klarna Card. Klarna LONDON — Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card, a Visa card that lets users delay payments on their purchases, both in-store as well as online. The card is already
In this article SPOT Neil Young performs during the 30th Anniversary Bridge School Benefit Concert at Shoreline Amphitheatre on October 23, 2016 in Mountain View, California. C Flanigan | FilmMagic | Getty Images Neil Young demanded Spotify remove his music over what he views as coronavirus vaccine misinformation being spread on the streaming platform by
In this article IBM SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. Brian Ach | Wired | Getty Images IBM shares jumped as much as 7% in extended trading on Monday after the software and services company said
In this article NFLX Scene from “Squid Game” by Netflix Source: Netflix Netflix has gone from airing “Squid Game” to becoming a player in it. The streaming company’s stock price sank 6.6% as of mid-day Monday, reaching as low as $371.37. That follows Friday’s 22% plunge, which was the steepest one-day drop since July 2012.
In this article ETH.CM= BTC.CB= Alec Monopoly paints a bitcoin onto a mural at the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Cryptocurrencies continued their dramatic slide on Saturday, with bitcoin losing nearly half of its value since hitting
Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | Pool | Reuters In the seven months since Lina Khan took over as chair of the Federal Trade Commission, there’s
In this article NFLX PTON A man walks in front of a Peloton studios on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Peloton fell below its IPO price, Netflix suffered its steepest drop in a decade, and chip stocks continued to struggle. Add it all
In this article ABNB Airbnb co-founder and CEO Brian Chesky told CNBC on Friday that a post-Covid pandemic future of flexible living and working arrangements will be a boon to the company. Chesky, who is on a nationwide tour of Airbnb stays in an effort to “improve the experience” for customers, said he expects sustained
In this article AMZN Amazon CEO Andy Jassy F. Carter Smith | Bloomberg | Getty Images Amazon stock slid on Friday morning, bringing it down more than 8% for the week, as a broader market sell-off pressured technology stocks. If it remains down more than 8%, it would mark Amazon’s worst one-week performance in six
In this article MSFT ATVI NFLX Young happy Asian couple playing video games in living room. Cheerful people having fun with computer gaming concept. Blue Planet Studio The business of video games is having a moment. Less than two weeks after Take-Two announced its $12.7 billion for Zynga, and just days after Microsoft announced its
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images The latest Netflix shareholder letter included a line heard around the world: “While this added competition may be affecting our marginal growth some…” That clause doesn’t sound
In this article PTON Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton plans to pause Bike production for two months, from February to March, the documents show. It already halted production of its more
Even as China spends billions to build up its domestic semiconductor sector, it is still some time away from achieving the capabilities needed to produce cutting edge chips, an analyst said on Wednesday. Semiconductors are used in everything, from smartphones and computers to cars as well as home appliances. “I still believe that [China is]
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