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A third high-profile tech leader is leaving GM as part of a software-product restructuring

A third high-profile tech leader is leaving GM as part of a software-product restructuring

Mary Barra, Chair and CEO of General Motors (right to left), Mark Reuss, President, Sterling Anderson, Chief Product Officer, and Dave Richardson, Senior Vice President Software and Services Engineering at “GM Forward” on Wednesday, October 22, 2025 in New York. GM DETROIT – A third high-profile technology executive is leaving General Motors amid a restructuring […]

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Dell misses on revenue, offers strong forecast driven by AI sales

Dell misses on revenue, offers strong forecast driven by AI sales

The Dell Technologies logo is on display at the International Broadcasting Convention (IBC2025) on Sept. 12, 2025 in Amsterdam, Netherlands. Michel Porro | Getty Images Dell reported fiscal third-quarter earnings on Tuesday that missed Wall Street expectations for revenue, but the company forecasted a stronger-than-expected fourth quarter driven by increased AI sales. Dell shares rose

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Dick’s Sporting Goods to shutter some Foot Locker stores to protect profits

Dick’s Sporting Goods to shutter some Foot Locker stores to protect profits

A Dick’s Sporting Goods store in Pleasant Hill, California, US, on Monday, Nov. 24, 2025. David Paul Morris | Bloomberg | Getty Images Dick’s Sporting Goods is planning to close a slew of Foot Locker stores now that its acquisition of the sneaker company is complete, the company said Tuesday when announcing fiscal third-quarter earnings.  

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Abercrombie shares soar 18% on Hollister growth, strong earnings beat

Abercrombie shares soar 18% on Hollister growth, strong earnings beat

An Abercrombie & Fitch store stands in midtown Manhattan in New York City on Oct. 24, 2024. Spencer Platt | Getty Images Shares of Abercrombie & Fitch soared 16% in premarket trading on Tuesday after the company posted 7% growth in quarterly sales and issued its holiday guidance.  Abercrombie, which runs its namesake brand and

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Retail earnings, the new AI leaders, Amazon’s  billion investment and more in Morning Squawk

Retail earnings, the new AI leaders, Amazon’s $50 billion investment and more in Morning Squawk

A Dick’s Sporting Goods logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | 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. Checking out

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Best Buy hikes sales forecast as shoppers upgrade tech, splurge on devices

Best Buy hikes sales forecast as shoppers upgrade tech, splurge on devices

A Best Buy store in Pinole, California, US, on Monday, Nov. 24, 2025. Best Buy Co. is expected to release earnings figures on November 25. David Paul Morris | Bloomberg | Getty Images Best Buy hiked its full-year forecast Tuesday, as it topped Wall Street’s quarterly sales expectations and customers turned to the retailer to

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Why rural Wisconsin is blocking the AI data center boom: ‘Horses are skittish’

Why rural Wisconsin is blocking the AI data center boom: ‘Horses are skittish’

A sign opposing a zoning change for a Microsoft data center appears in Caledonia, Wisconsin, on Sept. 19, 2025. Jordan Novet | CNBC The village of Caledonia, Wisconsin, sandwiched between Chicago and Milwaukee along Lake Michigan, is dotted with corn and soybean fields, single-story homes and traffic signs alerting drivers to horseback riders. In September,

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Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

Atmosphere at the Variety 2025 Power of Young Hollywood Party, Presented by SANDISK held at the Four Seasons Los Angeles at Beverly Hills on August 07, 2025 in Beverly Hills, California. Michael Buckner | Variety | Getty Images Shares of flash storage vendor Sandisk popped 7% in extended trading on Monday after the company was

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Execs say OpenAI has first hardware prototypes, plan to reveal device in 2 years or less

Execs say OpenAI has first hardware prototypes, plan to reveal device in 2 years or less

Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBC OpenAI CEO Sam Altman said on Friday that the artificial intelligence startup has finally finished its first prototypes for

Execs say OpenAI has first hardware prototypes, plan to reveal device in 2 years or less Read More »

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