Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC. “As we continue to make it easier for people to get and stay healthy, we have identified areas where we can reposition resources so we can invest in invention and experiences that have a direct impact on … 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 Tuesday’s key moments. 1. U.S. stocks were mixed Tuesday, on a muted performance from Big Tech. Citigroup strategists warned that tech stocks may stall out after monstrous gains. “The large consensus positioning is … Read more
Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019. David Paul Morris | Bloomberg | Getty Images Sonos shares rose over 12% in extended trading Tuesday after the speaker company reported fiscal 2024 first-quarter sales and earnings that exceeded Wall Street expectations. Here’s … Read more
Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022. Benoit Tessier | Reuters Snap reported revenue that trailed analysts’ estimates on Tuesday and issued a forecast that came in a bit below Wall Street … Read more
Adam Neumann wants to buy real-estate company WeWork, the company he co-founded in 2010 and that ousted him nine years later, out of bankruptcy citing the support of “well-known capital sources” including Dan Loeb’s Third Point. But the hedge fund told CNBC that it had not committed any financing and that discussions with Neumann were … Read more
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Shares of Palantir popped more than 25% Tuesday, a day after the company released fourth-quarter earnings that surpassed analysts’ expectations for revenue and showed strong demand for its artificial intelligence offerings. Palantir, known for its … Read more
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images DocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan that aims to improve the company’s “financial and operational efficiency,” according to a release. The company said … Read more
Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta is expanding its effort to identify images doctored by artificial intelligence as it seeks to weed out misinformation and deepfakes ahead of upcoming elections around the world. The company … Read more
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo said on Tuesday it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast, after … Read more
Just how much bigger will Nvidia get in 2025 has emerged as a key among investors, even as the stock finished Monday at its third consecutive record high close. There are lots of price target hikes out there, including ours. Goldman Sachs on Monday planted its flag in the camp of 2025 optimists — simultaneously … Read more
