Tag Archives: CNBC

Venmo revenue grows 20%, with debit card payment volume soaring

Venmo, long viewed as a business laggard for PayPal, is generating much faster revenue growth than the overall company.

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PayPal reports first-quarter earnings beat, maintains forecast

PayPal reported better-than-expected earnings in the first quarter but missed on revenue.

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Alibaba launches new Qwen LLMs in China’s latest open-source AI breakthrough

Alibaba has launched Qwen3, its next generation of AI models in what experts called the latest breakthrough in China’s booming open-source AI space.

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Uber raises in-office requirement to 3 days, claws back remote workers

Uber is the latest tech company to inform employees previously-approved for remote work that they’ll need to start coming into the office.

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Amazon launches first Kuiper internet satellites in bid to take on Elon Musk’s Starlink

After the first launch was postponed due to weather, Amazon’s Kuiper satellites are off to space.

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Oracle engineers caused days-long software outage at U.S. hospitals

Oracle engineers triggered a five-day outage at several Community Health Systems hospitals, causing the facilities to temporarily return to paper-based records.

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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

NXP Semiconductor Inc. fell about 6% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

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Microsoft says U.S. can’t afford falling behind China in quantum computers

“Simply put, the United States cannot afford to fall behind, or worse, lose the race entirely.”

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Google increased CEO Sundar Pichai’s security costs by 22% in 2024

The CEO required a number of costly security measures as he traveled in 2024

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Palantir is soaring while its tech peers are sinking. Here’s why

Tech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets. Palantir has bucked the trend.

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