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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.
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.”
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.
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.
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.
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
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.
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.
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.
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.