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Helping you understand the world of money - one post at a time.

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2024-11-22 01:00:29 -

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Intuit shares drop as quarterly forecast misses estimates due to delayed revenue
While Intuit reiterated its full-year view, the company said promotional changes in the current quarter will have implications for revenue timing.

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2024-11-22 01:00:29 -

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Alphabet shares slide 4% following DOJ push for Google to divest Chrome
Alphabet shares fell after the Department of Justice proposed that Google divest its Chrome browser to end its search monopoly.

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2024-11-21 09:06:20 -

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British regulators will soon announce competition remedies for the multibillion-pound cloud industry
The U.K. competition regulator will soon announce "behavioral" remedies to address anti-competitive practices in the cloud industry, two sources told CNBC.

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2024-11-21 09:06:20 -

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Bitcoin climbs, reaching a new all-time high above $97,000
Bitcoin breached the $97,000 level for the first time Wednesday night as investors continued pricing in a second Donald Trump presidency.

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2024-11-21 01:00:25 -

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Snowflake shares pop 19% on earnings and revenue beat
Snowflake reported better-than-expected results on the top and bottom lines.

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2024-11-21 01:00:24 -

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Nvidia nearly doubles revenue on strong AI demand
Nvidia reported earnings after the bell. Here are the results.

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2024-11-20 10:49:30 -

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Bose buys McIntosh, storied maker of high-end luxury audio equipment
McIntosh has been making high-end amplifiers and other audio equipment since 1949, and one of its devices can cost tens of thousands of dollars.

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2024-11-20 10:49:30 -

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Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure
Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT)debuted on the Nasdaq Tuesday, ushering in a new way to speculate on the price of bitcoin.

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2024-11-20 10:39:04 -

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Super Micro shares soar 31% after company names new auditor to help keep Nasdaq listing
Super Micro, which has been battered by bad headlines in recent weeks, said on Monday that it hired BDO as its independent auditor.

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2024-11-20 10:39:03 -

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Bitcoin rises to a new record as investors absorb growing Ukraine-Russia tensions
Bitcoin moved higher Tuesday amid rising geopolitical tensions between Ukraine and Russia.

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2024-11-20 01:00:33 -

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Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.

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2024-11-20 01:00:33 -

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Intuit, H&R Block shares fall after report that Trump government efficiency team is considering tax-filing app
A tax-filing app created by Trump's planned "Department of Government Efficiency" would be a competitor to both H&R Block and Intuit's TurboTax.

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2024-11-19 09:44:44 -

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Cloud software company ServiceTitan files to go public on Nasdaq
ServiceTitan focuses on selling a variety of software to small companies, rather than enterprises.

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2024-11-19 09:44:43 -

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Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen
Financial technology unicorns aren't in a rush to go public even after buy now, pay later firm Klarna filed for a U.S. IPO.

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2024-11-19 01:00:30 -

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Canva hires former Zoom CFO Kelly Steckelberg to run finance ahead of expected IPO
Canva's new finance chief Kelly Steckelberg helped take Zoom public five years ago.

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2024-11-19 01:00:29 -

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Super Micro hires new auditor to maintain Nasdaq listing; shares pop 37%
Super Micro said on Monday that it hired BDO as its independent auditor.

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2024-11-18 14:39:33 -

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Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.

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2024-11-18 14:39:08 -

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Tesla stock pops 7% in premarket after report Trump wants to relax U.S. self-driving rules
Elon Musk was a central figure in the business world pushing for Trump's return to the White House in the lead-up to this month's elections.

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2024-11-18 09:18:16 -

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OpenAI to present plans for U.S. AI strategy and an alliance to compete with China
OpenAI's official blueprint for U.S. AI infrastructure involves AI economic zones and government projects funded by private investors, according to a document.

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2024-11-18 09:18:15 -

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Amazon debuts discount store with everything under $20 to take on Temu and Shein
Called "Amazon Haul," the storefront is accessible through the company's mobile app, and it promises "crazy low prices" on a plethora of goods.

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2024-11-18 08:55:14 -

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BlackRock expands its tokenized money market fund to Polygon and other blockchains
BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.

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2024-11-18 08:54:50 -

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European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
Tech CEOs in Europe are urging the region to take bolder actions to tackle Big Tech's dominance and counter reliance on the U.S. after Donald Trump's presidential election win.

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2024-11-18 01:01:03 -

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AMD to lay off 4% of workforce, or about 1,000 employees
At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.

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2024-11-18 01:01:03 -

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Amazon shuts down secret project to develop fertility tracker
The project, codenamed "Encore," was part of Amazon's moonshot incubator Grand Challenge, which launched under founder Jeff Bezos.

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2024-11-17 18:42:57 -

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Trump victory may provide TikTok a lifeline to remain in the U.S.
Donald Trump's election victory may provide a lifeline for TikTok, which faces a potential U.S. ban in January if not divested from parent company ByteDance.

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2024-11-17 18:42:34 -

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European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space
The Exploration Company announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations.

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2024-11-17 09:04:50 -

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Tesla initiates sixth Cybertruck recall in a year
Tesla is voluntarily recalling 2,431 Cybertrucks to replace defective drive inverters, according to a filing with the National Highway Traffic Administration.

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2024-11-17 09:04:45 -

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Smart ring leader Oura plans international push as CEO touts new features and thinking on hardware
Oura CEO Tom Hale spoke to CNBC about the smart ring product category and the impact of Samsung's entrance into the space.

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2024-11-17 08:27:26 -

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It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype
Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite "nuts" funding rounds for AI firms like OpenAI.

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2024-11-17 08:27:26 -

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WikiLeaks whistleblower Chelsea Manning says censorship is still 'a dominant threat'
Former U.S. Army intelligence analyst Chelsea Manning says censorship is still "a dominant threat".

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2024-11-17 01:00:32 -

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SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
British online bank Zopa is on track to double pre-tax profits and increase revenue by more a third in 2024, CEO Jaidev Janardana told CNBC.

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2024-11-17 01:00:28 -

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China is catching up with the West on tech, Microsoft president says
According to Microsoft's web page about its presence in China, the company has operated there since 1992.

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2024-11-16 09:25:06 -

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Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

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2024-11-16 09:25:05 -

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Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

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2024-11-16 01:00:22 -

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Super Micro faces deadline to keep Nasdaq listing after 85% plunge in stock
Super Micro could also get a reprieve and an extension from the Nasdaq, giving it months to come into compliance.

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2024-11-16 01:00:22 -

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Palantir jumps 11% to a record after announcing move to Nasdaq
Palantir's stock has been on a tear since the company's better-than-expected earnings report last week, which was a day before the U.S. presidential election.

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2024-11-15 01:00:25 -

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Amazon launches fixed pricing for treatment of conditions such as hair loss. Hims & Hers stock drops 24%
Amazon announced Prime members can access new upfront pricing for treatment of five common conditions such as erectile disfunction and men's hair loss.

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2024-11-15 01:00:24 -

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Amazon was questioned by House China committee over 'dangerous and unwise' TikTok partnership
Amazon's partnership allows TikTok users to purchase products from the shopping site without leaving the Chinese-owned social media app.

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2024-11-14 07:37:28 -

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Buy now, pay later provider Klarna says it filed confidentially for U.S. IPO
Klarna, which is known for its popular buy now, pay later business, has confidentially filed IPO documents with the U.S. SEC.

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2024-11-14 07:37:27 -

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Bitcoin briefly tops $93,000 for the first time as investors digest postelection gains, inflation data
Bitcoin rose above $93,000 following slightly higher October inflation data Wednesday.

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