A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters A new bipartisan bill seeks to […]
New bipartisan bill would require companies to report AI job losses Read More »
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images With OpenAI’s recent release of its AI browser, the historic level of capital expenditures being made in the current AI arms
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock plummeted 17% after the TASER maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points
TASER maker Axon plunges 17% after earnings fall short due to tariff hit Read More »
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | Reuters Digital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion. The fundraise comes after a slew of acquisitions and
Fintech Ripple gets $40 billion valuation after $500 million funding Read More »
Lyft customers can once again Earn miles toward their next flight. The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines. Once linked, riders can Earn one mile for every dollar spent on Standard
Lyft, United Airlines launch loyalty program months after Delta partnership ends Read More »
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE 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. Shock value Stocks sold off yesterday amid investor concerns about the valuations of
Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk Read More »
CNBC’s Jim Cramer suggested Wall Street is too fixated the on large valuations of certain tech and speculative stocks, chalking up Tuesday’s market-wide decline in part to Palantir‘s nearly 8% loss despite strong earnings results. “The larger issue is that we’re at the moment where money managers, when asked if the market’s too expensive, immediately
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using
Perplexity AI accuses Amazon of bullying with legal threat over Comet browser Read More »
OpenAI on Tuesday launched its Sora app of AI-generated videos for Android devices. The artificial intelligence company first launched Sora for Apple devices in September. The announcement on Tuesday brings the popular AI app to the Google Play app store for users in the U.S., Canada, Japan, South Korea, Taiwan, Thailand and Vietnam. Sora reportedly
OpenAI launches Sora for Android devices Read More »
Palantir‘s stock fell 6% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company. During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.” Karp called the
