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Cerebras CEO explains IPO withdrawal, says it still intends to go public

Cerebras CEO explains IPO withdrawal, says it still intends to go public

Technology News

Cerebras CEO Andrew Feldman speaks to the media at the Colovore office in Santa Clara, Calif., on March 12, 2024. The Washington Post | Getty Images Cerebras CEO Andrew Feldman admitted that his artificial intelligence chipmaker made a mistake last week when it didn’t immediately explain its decision to withdraw its registration for an IPO. […]

Cerebras CEO explains IPO withdrawal, says it still intends to go public Read More »

Nike’s turnaround will ‘take a while’ amid stock slump, CEO Elliott Hill says

Nike’s turnaround will ‘take a while’ amid stock slump, CEO Elliott Hill says

Business News

Nike‘s turnaround plan is showing early signs of progress, but it will “take a while” for the company to return to profitable growth, CEO Elliott Hill said in an interview with CNBC’s Sara Eisen aired Monday. “When we come to work we think about three brands, and then multiple sports under each brand and then

Nike’s turnaround will ‘take a while’ amid stock slump, CEO Elliott Hill says Read More »

Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg

Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg

Business News

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Verizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company’s new CEO. Schulman replaces Hans Vestberg, who had led the company since 2018. Shares of the

Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg Read More »

Online holiday spending growth set to slow to 5.3% as shoppers seek discounts

Online holiday spending growth set to slow to 5.3% as shoppers seek discounts

Business News

Alistair Berg | Digitalvision | Getty Images Online holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday. Yet that growth would still be slower than the year-ago

Online holiday spending growth set to slow to 5.3% as shoppers seek discounts Read More »

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Business News

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers closed higher Friday

Detroit auto stocks jump on report of tariff relief for U.S. vehicles Read More »

Tesla, GM lead record U.S. EV sales this year as federal incentives end

Tesla, GM lead record U.S. EV sales this year as federal incentives end

Business News

DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids,

Tesla, GM lead record U.S. EV sales this year as federal incentives end Read More »

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Business News

Elon Musk stands in the Oval Office to attend a press event with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator. Musk

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening Read More »

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up

Technology News

Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI. Sopa Images | Lightrocket | Getty Images Artificial intelligence companies are the hottest ticket items in today’s startup ecosystem but the pace of change is dominated by developments at OpenAI and Anthropic.

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up Read More »

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Business News

Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl”

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs Read More »

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