Tag Archives: CNBC

Venmo gaining ground in payments as Cash App struggles

Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing steam.

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Apple has managed tariffs so far, but Cook says it’s tough to predict beyond June

The vast majority of Apple’s products are “currently not subject” to Trump’s tariffs, CEO Tim Cook said. But beyond June, he didn’t say much.

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Nvidia CEO Jensen Huang gets first salary raise in a decade

Nvidia CEO Jensen Huang saw a 49% boost to his salary.

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Amazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger

Amazon CEO Andy Jassy said he’s “optimistic” the company could emerge from the current tariff environment stronger than before.

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Block shares plunge 15% as company takes ‘cautious stance,’ issues weak guidance for year

Block reported weaker-than-expected revenue for the first quarter.

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Amazon falls short on cloud revenue for third straight quarter

Amazon continues to invest in infrastructure to run artificial intelligence models from Anthropic and other clients.

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Airbnb issues disappointing revenue guidance for second quarter

Airbnb’s results for the first quarter were mostly in line with estimates, but the company’s forecast for the current period was weaker than expected.

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Reddit shares rocket as high as 19% on strong sales and guidance

Shares of Reddit rose as high as 19% in after-hours trading after the social media company reported strong revenue and guidance on Thursday.

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Amazon’s ad business grew 19% in first quarter, topping estimates

Revenue in Amazon’s online ad business, which has emerged as a force in digital advertising, increased 19% in the first quarter.

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Microsoft raises prices of Xbox video game consoles due to ‘market conditions’

A month after President Trump announced new tariffs on imports into the U.S., Microsoft is citing higher video game development costs for an increase in prices.

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