Tag Archives: CNBC

Intel CFO says tariffs increase chance for economic slowdown, recession getting likelier

Intel’s revenue forecast included a “wider than normal” range, which the company said was due to uncertainty caused by tariffs

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Waymo reports 250,000 paid robotaxi rides per week in U.S.

That figure is up from 200,000 in February, before Waymo opened in Austin and expanded in the San Francisco Bay Area in March. 

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Intel issues weak guidance, says it will slash expenses this year

In its first earnings report under the leadership of CEO Lip-Bu Tan, Intel said it plans to slash operational and capital expenses in the coming year.

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Meta lays off employees working on virtual reality in Reality Labs division

Meta has laid off employees in the company’s Reality Labs division that is tasked with developing virtual reality, augmented reality and wearable devices.

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Alphabet to report Q1 earnings results after the bell

The Google parent company and search giant faces an online ad market that’s on edge due to concerns about how Trump’s tariffs will affect the economy and business spending.

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ServiceNow shares pop 15% on strong earnings, upbeat guidance

ServiceNow surged on stronger-than-expected first-quarter results and upbeat forecast amid an uncertain macroeconomic environment.

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South Korea says DeepSeek transferred user data to China and the U.S. without consent

South Korea’s data protection authority has accused Chinese AI startup DeepSeek of transferring the personal information of users without permission. 

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Adobe to launch mobile app for AI image generation tool as OpenAI steps up rivalry

Adobe said Thursday that it will release its Firefly AI image generator on both iOS and Android “soon,” without giving a specific date.

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British fintech Revolut tops $1 billion in profit as revenue jumps 72%

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.

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SK Hynix quarterly profit soars 158% to top estimates as chip demand surges on AI boom

South Korea’s SK Hynix beat quarterly revenue and operating profit estimates, with demand from artifical intelligence remaining robust.

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