Tag Archives: CNBC

Figma stock pops in second day of trading after colossal debut

The design software vendor is the latest tech company to hit the public markets after an extended IPO drought.

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Amazon stock sinks 7% after earnings: Here are the key takeaways

Revenue expansion in Amazon Web Services underwhelmed investors, who probed Amazon CEO Andy Jassy on why its cloud rivals are growing at faster rates.

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Joby, L3Harris partner on hybrid defense craft that can be piloted or autonomous

The partnership brings together Joby’s hybrid vertical take-off and landing, or VTOL, aircraft and L3’s expertise in military systems.

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‘What am I falling in love with?’ Human-AI relationships are no longer just science fiction

Since ChatGPT’s late 2022 launch, everyday people have formed emotional connections to chatbots, describing them as deep friendships and even life partnerships.

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Nintendo doubles quarterly revenue as Switch 2 sales hit 5.8 million units

Nintendo shares have rallied roughly 40% so far this year on excitement over the firm’s new Switch 2 hybrid console.

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Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida

Jury deliberations have begun in a Tesla trial concerning a fatal Autopilot crash from 2019.

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Facing questions on AI strategy, Tim Cook says Apple is ‘very open’ to acquisitions

“The way that we look at AI is that it’s one of the most profound technologies of our lifetime” Cook said. “It will affect all devices in a significant way.”

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Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop

Venture capital firms have been waiting for big exits after an extended lull in IPOs. Figma’s debut is returning billions.

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Coinbase shares tumble as second-quarter revenue disappoints

Subscription revenue failed to offset weaker trading revenue.

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Amazon’s cloud business records 18% growth in second quarter

Amazon announced new business from the likes of PepsiCo during the second quarter, as revenue topped $30 billion.

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