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HP Inc shares fall on layoffs, weak guidance due to U.S. trade regulations

HP Inc shares fall on layoffs, weak guidance due to U.S. trade regulations

Enrique Lores, President and Chief Executive Officer of HP Inc. speaks at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters PC and printer maker HP Inc. said Tuesday that it will lower its headcount by 4,000 to 6,000 people. The company also issued a lower-than-expected earnings projection for the new fiscal

HP Inc shares fall on layoffs, weak guidance due to U.S. trade regulations Read More »

Musk’s xAI to close  billion funding round in December: sources

Musk’s xAI to close $15 billion funding round in December: sources

Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Elon Musk’s artificial intelligence startup xAI is expected to close a $15 billion round at a $230 billion pre-money valuation next month, sources familiar with the matter told CNBC’s David Faber. The deadline for allocation is the

Musk’s xAI to close $15 billion funding round in December: sources Read More »

TSMC stock falls as it sues former exec alleging he took trade secrets to Intel

TSMC stock falls as it sues former exec alleging he took trade secrets to Intel

TSMC on Tuesday filed a lawsuit against a former senior vice president it accused of leaking “confidential information” to Intel. Wei-Jen Lo joined Intel after 21 years at TSMC, having left in July, the Taiwanese chip maker said in a statement, announcing the lawsuit. The lawsuit is based on Lo’s employment contract and non-compete agreement

TSMC stock falls as it sues former exec alleging he took trade secrets to Intel Read More »

Retail earnings, the new AI leaders, Amazon’s  billion investment and more in Morning Squawk

Retail earnings, the new AI leaders, Amazon’s $50 billion investment and more in Morning Squawk

A Dick’s Sporting Goods logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | 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. Checking out

Retail earnings, the new AI leaders, Amazon’s $50 billion investment and more in Morning Squawk Read More »

Nvidia shares fall on report Meta will use Google AI chips

Nvidia shares fall on report Meta will use Google AI chips

Jonathan Raa | Nurphoto | Getty Images Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google. Shares of Nvidia were 2.5% lower in premarket trade. Google-parent Alphabet was trading 2.5% higher. On Monday, The Information reported that Meta is considering using Google’s tensor processing units (TPUs)

Nvidia shares fall on report Meta will use Google AI chips Read More »

Blackrock’s iShares bitcoin fund sees record exodus as crypto heads for worst month since 2022

Blackrock’s iShares bitcoin fund sees record exodus as crypto heads for worst month since 2022

CHONGQING, CHINA – JULY 17: In this photo illustration, a person holds a physical representation of a Bitcoin (BTC) coin in front of a screen displaying a candlestick chart of Bitcoin’s latest price movements on July 17, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images) Cheng Xin | Getty Images News | Getty

Blackrock’s iShares bitcoin fund sees record exodus as crypto heads for worst month since 2022 Read More »

Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

Atmosphere at the Variety 2025 Power of Young Hollywood Party, Presented by SANDISK held at the Four Seasons Los Angeles at Beverly Hills on August 07, 2025 in Beverly Hills, California. Michael Buckner | Variety | Getty Images Shares of flash storage vendor Sandisk popped 7% in extended trading on Monday after the company was

Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic Read More »

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