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Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Finance News

Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers […]

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Omada Health beats on revenue in first earnings report since IPO

Omada Health beats on revenue in first earnings report since IPO

Finance News

The Omada Health logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Omada Health reported quarterly results for the first time since its IPO in June. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Loss: Loss per share of 24 cents. Revenue: $61 million vs. $55.2 million

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AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

Finance News

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth

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California jury rules Meta violated privacy law in case involving period-tracking app

California jury rules Meta violated privacy law in case involving period-tracking app

Finance News

Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC.  Andrew Harnik | Getty Images A California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app. The jury ruled that the plaintiffs proved that Meta

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Amazon’s cloud business giving federal agencies up to billion in discounts

Amazon’s cloud business giving federal agencies up to $1 billion in discounts

Finance News

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon Web Services has agreed to provide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization and training through 2028, an agency

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Democrats question Google’s Trump talks over censorship suit and possible ‘quid-pro-quo’ deal

Democrats question Google’s Trump talks over censorship suit and possible ‘quid-pro-quo’ deal

Finance News

Ranking Member, U.S. Senator Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on President Trump’s nominees to lead the National Economic Council, Consumer Financial Protection Bureau and Federal Housing Finance Agency, on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters Senate Democrats, including

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Bitcoin jumps as Trump is set to sign an order that allows cryptocurrencies in 401(k)s

Bitcoin jumps as Trump is set to sign an order that allows cryptocurrencies in 401(k)s

Finance News

Jakub Porzycki | Nurphoto | Getty Images The crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans. President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital

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