Tag Archives: CNBC

Samsung launches three new foldable smartphones as it fends off Chinese rivals

Samsung on Wednesday launched three new folding smartphones in total, including two thinner top-end devices and a cheaper version of its flip phone.

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Nvidia hits $4 trillion market cap, first company to do so

Nvidia topped a $4 trillion market cap for the first time as investors scooped stock in the tech giant building the hardware for the generative AI boom.

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BNY Mellon will have custody of Ripple’s new stablecoin as institutional interest in crypto swells

BNY Mellon will be the primary custodian for the Ripple’s U.S. dollar-pegged stablecoin reserves going forward, the two companies jointly announced Wednesday.

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Super Micro plans to ramp up manufacturing in Europe to capitalize on AI demand

Super Micro CEO Charles Liang told CNBC the company has a plan to increase investment in Europe.

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Two charged in $650 million global crypto scam that promised 300% returns

From 2019 to 2023, Sims and Reynoso allegedly lured thousands of victims worldwide to purchase “investment packages” from OmegaPro using cryptocurrency.

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Elon Musk’s Grok AI chatbot is posting antisemitic comments

Elon Musk’s Grok chatbot on Tuesday praised Adolf Hitler and made other antisemitic comments on Tuesday.

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Jeff Bezos sells $666 million in Amazon stock as part of plan to unload 25 million shares

Bezos’ latest stock sale comes shortly after his $50 million high-profile wedding to Lauren Sanchez in Venice with a star-studded list of celebrity guests.

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Apple says COO Jeff Williams will retire from company later this year

Apple said Jeff Williams, the company’s COO, will take on a new role overseeing the company’s design team along with the Apple Watch and health initiatives.

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Elon Musk lashes out at Tesla bull Dan Ives over board proposals: ‘Shut up’

Dan Ives, an analyst and longtime fan of Tesla, was scolded by Elon Musk on Tuesday after posting three steps he said the company’s board should take.

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Waymo offers teen accounts for driverless rides

Waymo announced Tuesday it is now offering accounts for teens ages 14 to 17, starting in Phoenix.

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