Tag Archives: CNBC

Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates

Toyota Motor on Wednesday reported a second consecutive fall in profit, as it navigates competition in China and a market shift toward electric vehicles. 

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USPS temporarily suspends some inbound packages from China, Hong Kong

The change comes after President Donald Trump announced new tariffs that also target a popular trade loophole, called “de minimis.”

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Google removes pledge to not use AI for weapons, surveillance

The company updated its ‘Responsible AI’ principles, which no longer includes a pledge to not use AI for weapons or surveillance.

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White House crypto czar David Sacks says first priority is stablecoin legislation

David Sacks and Republican lawmakers spent much of Tuesday laying out their plans to start working towards a regulatory framework for crypto.

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Match appoints Zillow co-founder Spencer Rascoff as CEO

Match Group announced Zillow co-founder Spencer Rascoff as its new CEO in a release Tuesday.

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AMD reports profit beat, but misses on data center revenue

AMD reported better-than-expected results on Tuesday, but data center revenue trailed analysts’ estimates

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Snap shares soar on better-than-expected profit and revenue

Snap reported better-than-expected fourth-quarter results Tuesday but issued earnings guidance that trailed estimates.

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Alphabet expects to invest about $75 billion in capital expenditures in 2025

Alphabet CEO Sundar Pichai said the company plans to invest about $75 billion in capital expenditures in 2025 as it continues to innovate.

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Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push

Stripe has closed its acquisition of Bridge Network, and executives are gearing up to make a big splash in the growing stablecoin market.

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Amazon to face legal action after Quebec warehouse closures trigger mass layoffs

A union that represents some Montreal Amazon workers said it will petition a court to compel the company to reopen the warehouses and reverse the job cuts.

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