Tag Archives: CNBC

Amazon suspends engineer who protested company’s work with Israeli government

Ahmed Shahrour, a Palestinian engineer who works for Amazon’s Whole Foods unit, was suspended this week while the company investigates his case.

Posted in Tech | Tagged | Comments Off on Amazon suspends engineer who protested company’s work with Israeli government

Adobe’s stock gains on earnings, revenue beat

Adobe shares have dropped this year, badly underperforming the broader market.

Posted in Tech | Tagged | Comments Off on Adobe’s stock gains on earnings, revenue beat

Oracle shares retreat 7% after sharpest rally in more than 30 years

One analyst fretted that much of Oracle’s planned business expansion comes from a single client: OpenAI.

Posted in Tech | Tagged | Comments Off on Oracle shares retreat 7% after sharpest rally in more than 30 years

Uber sued by DOJ for alleged discrimination against disabled riders

The suit seeks a jury trial and injunctive relief, monetary damages and to charge Uber a civil fine for violations of the Americans with Disabilities Act.

Posted in Tech | Tagged | Comments Off on Uber sued by DOJ for alleged discrimination against disabled riders

Alphabet, Meta, OpenAI, xAI and Snap face FTC probe over AI chatbot safety for kids

The Federal Trade Commission is issuing orders to seven companies to understand how their AI chatbots potentially negatively affect kids and teenagers.

Posted in Tech | Tagged | Comments Off on Alphabet, Meta, OpenAI, xAI and Snap face FTC probe over AI chatbot safety for kids

Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit

Verily hired Sloan in 2020 to serve as the chief commercial officer of its diabetes and hypertension business, Onduo. 

Posted in Tech | Tagged | Comments Off on Alphabet’s Verily covered up HIPAA violations, whistleblower says in lawsuit

Opendoor stock soars 60% after company names new CEO

Former CEO Carrie Wheeler resigned last month following a pressure campaign from investors.

Posted in Tech | Tagged | Comments Off on Opendoor stock soars 60% after company names new CEO

Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Opendoor continued its torrid run after the company announced that it’s named a new CEO and added co-founded Keith Rabois to the board.

Posted in Tech | Tagged | Comments Off on Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Nvidia, Broadcom, TSMC, other AI names rally on Oracle’s massive growth projections

The biggest gainer was one of Oracle’s so-called neo-cloud competitors, CoreWeave, which rose 20%.

Posted in Tech | Tagged | Comments Off on Nvidia, Broadcom, TSMC, other AI names rally on Oracle’s massive growth projections

Klarna opens at $52 per share in NYSE debut after pricing IPO above range

Klarna priced its IPO at $40 on Tuesday in an offering that valued the company at about $15 billion.

Posted in Tech | Tagged | Comments Off on Klarna opens at $52 per share in NYSE debut after pricing IPO above range