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Former iRobot CEO calls Roomba maker’s bankruptcy ‘a tragedy for consumers’

Former iRobot CEO calls Roomba maker’s bankruptcy ‘a tragedy for consumers’

Finance News

Colin Angle, co-founder and chief executive officer of iRobot Corp., speaks during a Prime Air delivery drone reveal event in Las Vegas, Nevada, U.S., on Wednesday, June 5, 2019. Joe Buglewicz | Bloomberg | Getty Images Colin Angle, co-founder and former CEO of iRobot, on Monday said the company’s move to declare bankruptcy was “profoundly […]

Former iRobot CEO calls Roomba maker’s bankruptcy ‘a tragedy for consumers’ Read More »

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

Finance News

Broadcom CEO Hock Tan. Lucas Jackson | Reuters In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom, CoreWeave and Oracle, three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. While the three

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide Read More »

OpenAI poaches Google executive to lead corporate development

OpenAI poaches Google executive to lead corporate development

Finance News

Samuel Boivin | Nurphoto | Getty Images OpenAI has hired Google’s Albert Lee to lead corporate development, a spokesperson for the artificial intelligence startup confirmed to CNBC. Lee previously led corporate development for Google Cloud and Google DeepMind. He worked on several of Google’s high-profile acquisitions, including its $32 billion purchase of the cloud security

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Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects

Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects

Finance News

The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration

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Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk

Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk

Finance News

Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Cold front Rotation

Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk Read More »

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

Finance News

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off Read More »

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

Finance News

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers Read More »

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise

Finance News

Key Points Dan Ives shared four European tech companies he’s bullish on, despite investors’ “frustration” at the region’s tech sector. He picks German software giant SAP, chip equipment supplier ASML, music streaming platform Spotify, and buy now pay later company Klarna. “It’s a gut check moment for European tech,” Ives said. Dan Ives said that,

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise Read More »

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide

Finance News

Oracle CEO Clay Magouyrk appears on a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Oracle on Friday pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide Read More »

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