Josh Edelson | AFP | Getty Images Google is testing facial recognition technology for office security “to help prevent unauthorized individuals from gaining access to our campuses,” according to a description of the program that was viewed by CNBC. The initial test is taking place at one of Alphabet’s sites in Kirkland, Washington, a Seattle … Read more
My top 10 things to watch Wednesday, June 26 The S & P 500 and Nasdaq are seeking another positive day after snapping three-session losing streaks Tuesday. After a few days out of favor, Nvidia soared nearly 7% to help boost the indexes. However, the Dow ‘s five-day winning streak came to an end Tuesday. … Read more
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made up 9.7% of … Read more
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. … Read more
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen is taking a $1 billion stake in electric vehicle startup Rivian, which has been seeking to cut costs and shore up cash amid slower-than-expected adoption of EVs. The companies also … Read more
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. Shares of chip firms in Europe and Asia fell in early trade as investors reacted … Read more
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon‘s Prime Day megasale will return on July 16 and 17, the company announced Tuesday. Like previous years, Amazon said the event will feature millions of deals, with … Read more
We don’t care at which price Apple trades. When it was at $165 per share not that long ago, we thought the Club’s original “own it, don’t trade it” stock was momentarily expensive. Then nothing happened, and we had an ascent based on a momentary belief that the iPhone 16 would have some good artificial … Read more
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wild week: The stock market was little changed Friday, which masked the drama we saw in this holiday-shortened week of trading. Nvidia soared to all-time highs … Read more
