Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Apple and Microsoft shares rose on Tuesday, pushing the companies over a market cap of $4 trillion. Both companies are still behind Nvidia, which is the world’s most valuable company with a market cap of over $4.6 trillion. Microsoft previously hit the $4 trillion […]
Apple, Microsoft cross $4 trillion market cap Read More »
OpenAI CEO Sam Altman speaks to media following a Q&A at the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters OpenAI on Tuesday announced it has completed its recapitalization, and its nonprofit will own an equity stake in its for-profit arm that is currently valued at about $130 billion. This
OpenAI completes restructure, solidifying Microsoft as a major shareholder Read More »
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | 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. Amazon’s cull
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters Alphabet has a high bar to clear when it reports earnings Wednesday. The company’s stock price soared 38% in the third quarter, its best quarterly
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs
Amazon laying off about 14,000 corporate workers as it invests more in AI Read More »
Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively. The agreement, sealed over the weekend, means that starting next year, both sides of
PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT Read More »
Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve’s Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty Images ARK Invest CEO Cathie Wood on Tuesday pushed back on fears of an artificial intelligence bubble, while flagging the possibility of a
Stock photo of a nuclear power plant. Larry Lee Photography | Corbis | Getty Images Google and American electrical utility giant NextEra Energy announced a partnership Monday to revive Iowa’s only nuclear power plant to meet growing low-carbon energy demand from artificial intelligence The Duane Arnold Energy Center, which closed in 2020, could begin operating
Google and NextEra to revive major Iowa nuclear facility as AI energy demand surges Read More »
U.S. President Donald Trump poses for a photo with China’s President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send global markets higher. On Monday stateside, the S&P 500, Dow Jones
CNBC Daily Open: We are all farmers hoping for the end of the U.S.-China trade war Read More »
David Ryder | Getty Images News | Getty Images Amazon is preparing to announce sweeping job cuts beginning Tuesday, CNBC has learned. The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the company’s history, spanning almost every business, according to a person familiar with the matter, who asked not to be
Amazon to announce largest layoffs in company history, source says Read More »
