Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares slid as much as 6% in extended trading on Wednesday after the business software maker issued a light revenue forecast for the … Read more
Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Snowflake said Wednesday that CEO Frank Slootman is retiring, and will be replaced by Google ad chief Sridhar Ramaswamy. The shares plunged 20% in extended trading. Ramaswamy spent 15 years at Google, most recently leading Ads and Commerce until … Read more
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024. Justin Sullivan | Getty Images Coinbase‘s app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their accounts. Bitcoin, which had just spiked to its highest level since … Read more
Apple CEO Tim Cook (2nd R) greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on February 2, 2024. Angela Weiss | AFP | Getty Images Apple CEO Tim Cook said on Wednesday that his company is pouring money into artificial intelligence, one … Read more
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Katie Schoolov Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday. The company said … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks were trending lower as investors awaited important inflation data and mulled over more quarterly earnings. January’s PCE price index – the Federal Reserve’s preferred measure of inflation … Read more
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images In a memo Tuesday evening, Google CEO Sundar Pichai addressed the company’s artificial intelligence mistakes, which led to Google taking … Read more
U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. Roberto Schmidt | Getty Images U.S. President Joe Biden … Read more
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab is making steady progress on development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. The space company reported a net loss of $50.5 million, … Read more
The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023. Gabby Jones | Bloomberg | Getty Images Bumble on Tuesday announced plans to lay off about 350 employees, or about 37% of its workforce, as part of a restructuring plan. The company said the layoffs will help drive stronger operating … Read more
