A customer checks Apple’s latest iPhone 16 Plus (right) and Apple’s latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on September 26, 2024. Firdous Nazir | Nurphoto | Getty Images President Trump’s reciprocal tariffs could lead Apple to raise the price of the iPhone […]
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least. Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered
Silicon Valley’s early return on Trump investment: Plunging valuations, delayed IPOs Read More »
Microsoft owns lots of Nvidia graphics processing units, but it isn’t using them to develop state-of-the-art artificial intelligence models. There are good reasons for that position, Mustafa Suleyman, the company’s CEO of AI, told CNBC’s Steve Kovach in an interview on Friday. Waiting to build models that are “three or six months behind” offers several
Piotr Swat | Lightrocket | Getty Images AppLovin CEO Adam Foroughi provided more clarity on the adtech company’s late-stage bid to acquire TikTok, calling theirs a “much stronger bid than others” on CNBC’s The Exchange Friday afternoon. Foroughi said the company is proposing a merger between AppLovin and the entire global business of TikTok, characterizing
Applovin can offer TikTok ‘much stronger bid than others,’ CEO says Read More »
Igor Golovniov | SOPA Images | Lightrocket | Getty Images Affirm shares have plunged nearly 30% in the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump’s sweeping tariff announcement on Wednesday. Widespread tariffs could represent a particular problem for Affirm, because the provider
Affirm heads for second-worst week on record on tariff worries, Klarna delayed IPO Read More »
Muhammed Selim Korkutata | Anadolu | Getty Images President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok or face an effective ban in the country, marking the second time he has taken such action. Trump announced the extension on his Truth Social platform, saying the TikTok
Trump extends TikTok deadline for the second time Read More »
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna and StubHub are delaying plans to go public after President Donald Trump’s sweeping tariff announcement sent shockwaves through U.S. markets. The companies put their long-awaited debuts on pause because of market turbulence, according to a source familiar with
Klarna, StubHub delay IPOs as Trump’s tariffs roil markets Read More »
Fernando Gutierrez-Juarez | Picture Alliance | Getty Images Bitcoin held its head above water after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020. The price of the flagship cryptocurrency was last higher by 1.7% at $83,396.89 on Friday, according to Coin Metrics. Most of the
The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit. Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments
Jaque Silva | Nurphoto | Getty Images YouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an effective ban in the U.S. if it’s not sold to
YouTube announces Shorts editing features amid potential TikTok ban Read More »
