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Doordash stock tanks 20% as company misses earnings, says it expects further spending

Doordash stock tanks 20% as company misses earnings, says it expects further spending

Technology News

A DoorDash bag on a bicycle in New York, US, on Tuesday, May 6, 2025. Yuki Iwamura | Bloomberg | Getty Images DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million Dollars” on new initiatives and development in 2026. The stock plummeted 20% following the report. Here’s […]

Doordash stock tanks 20% as company misses earnings, says it expects further spending Read More »

New bipartisan bill would require companies to report AI job losses

New bipartisan bill would require companies to report AI job losses

Technology News

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 »

Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.

Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.

Technology News

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

Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk. Read More »

TASER maker Axon plunges 17% after earnings fall short due to tariff hit

TASER maker Axon plunges 17% after earnings fall short due to tariff hit

Technology News

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 »

Fintech Ripple gets billion valuation after 0 million funding

Fintech Ripple gets $40 billion valuation after $500 million funding

Technology News

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, United Airlines launch loyalty program months after Delta partnership ends

Lyft, United Airlines launch loyalty program months after Delta partnership ends

Technology News

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 »

Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk

Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk

Technology News

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 »

Wall Street is too fixated on the high valuations of tech and speculative stocks, Cramer says

Wall Street is too fixated on the high valuations of tech and speculative stocks, Cramer says

Technology News

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

Wall Street is too fixated on the high valuations of tech and speculative stocks, Cramer says Read More »

Perplexity AI accuses Amazon of bullying with legal threat over Comet browser

Perplexity AI accuses Amazon of bullying with legal threat over Comet browser

Technology News

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 »

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