Google, Meta, other tech giants cut DEI programs in 2023

Google, Meta, other tech giants cut DEI programs in 2023

AnitaB.org CEO Brenda Wilkerson speaks on a panel with Dr. Jackie Bouvier Copeland at the 2019 Grace Hopper conference. Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up new programs aimed at supporting Black employees. The goal, CEO Sundar Pichai … Read more

Jim Cramer gets answers from the CEOs of Amazon and Ford

Jim Cramer gets answers from the CEOs of Amazon and Ford

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 Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained … Read more

We own six of the Magnificent Seven. Here is Jim Cramer’s take on each

We own six of the Magnificent Seven. Here is Jim Cramer’s take on each

The Magnificent Seven — a term I coined earlier this year to track the market’s biggest tech winners — has certainly lived up to its vaunted name. Those seven mega-cap tech names are Apple, Google-parent Alphabet, Facebook and Instagram owner Meta Platforms, Microsoft, Amazon, Nvidia and Tesla. The first six are Club names. Call them … Read more

Why the U.S. has a serious mining worker shortage

Why the U.S. has a serious mining worker shortage

The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more

China’s EV and chip giants need workers, not necessarily college grads

China’s EV and chip giants need workers, not necessarily college grads

YANTAI, CHINA – SEPTEMBER 8, 2023 – Students conduct an industrial robot training at Yantai Cultural and Tourism Vocational College in Yantai, East China’s Shandong province, Sept 8, 2023. At present, China has built the largest vocational education system in the world, and the middle and higher vocational schools train about 10 million high-quality technical … Read more

Musk’s Scandinavian woes deepen as Tesla loses Swedish court case

Musk’s Scandinavian woes deepen as Tesla loses Swedish court case

C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images Tesla‘s troubles with labor unions in Scandinavia deepened as it lost legal action against Sweden’s postal service … Read more

Apple stops selling some Apple Watches on web site over patent dispute

Apple stops selling some Apple Watches on web site over patent dispute

An Apple Watch Ultra 2 device is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023.  Patrick T. Fallon | AFP | Getty Images Apple has stopped selling the Apple Watch Series 9 and Apple Watch Ultra 2 smartwatches on its U.S. website, CNBC … Read more

China’s livestream shopping booms, fueling new tech like avatars and AI

China’s livestream shopping booms, fueling new tech like avatars and AI

HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products … Read more

OpenAI rival Anthropic in talks to raise $750 million funding round

OpenAI rival Anthropic in talks to raise 0 million funding round

Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more

Coinbase secures crypto license in France, expanding further in Europe

Coinbase secures crypto license in France, expanding further in Europe

POLAND – 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Cryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way … Read more