Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the … Read more
A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission. Chandan Khanna | Afp | Getty Images SpaceX’s Polaris Dawn mission launched on Tuesday from Florida on a Falcon 9 rocket, which carried the Dragon capsule “Resilience” into orbit. It’s the first of three missions that … Read more
The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. CNBC has reached out to Google for comment. The fine stems … Read more
Omar Marques | Sopa Images | Lightrocket | Getty Images Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, … Read more
Illustration of a user browsing booking information for Huawei’s new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty Images As Huawei tries to upstage Apple‘s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, … 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. Market rebound: Stocks were rebounding to start the week, recovering some of Friday’s steep losses. It looked like some dip buying after last week’s brutal start … Read more
Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle shares rose 8% in extended trading on Monday after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates. Here’s how … Read more
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares popped 13% on Monday and are trading at their highest since early … Read more
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt, a key battery producer for Europe’s electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility … Read more
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their … Read more
