Server chip Yitian 710, developed by Alibaba’s in-house semiconductor unit T-Head, on display during the Apsara Conference 2021 on Oct. 19, 2021 in Hangzhou, China. Xu Kangping | Visual China Group | Getty Images Global semiconductor sales topped half a trillion dollars for the first time, as companies ramped up production to meet demand amid
Technology
Warren Buffett Gerald Miller | CNBC Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion. Berkshire owns 14.66 million shares valued at $975 million as of the end
Volkan Furuncu | Anadolu Agency | Getty Images Investors looking to put money into U.S. and China internet giants should be cautious as these companies are facing a myriad of challenges, strategists told CNBC. Investment bank Macquarie said large consumer tech companies like Facebook and Amazon are in the “sunsetting” phase. “You have to be
In this article PTON John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Roughly two months after Peloton’s IPO, founder
A chip made by Taiwan Semiconductor Manufacturing Company TSMC Semiconductor stocks got whacked on Friday as investors digested hotter-than-expected inflation and increased tensions between Ukraine and Russia. Chipmakers had been boosted by increased demand during the pandemic and have generally reported strong earnings and outlooks in the past month. But investors are looking for less-risky
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Splunk shares rose as much as 14% in extended trading on Friday after the Wall Street Journal reported that Cisco made an offer to buy the data analytics software company for over $20 billion. At the peak of its
NFL commissioner Roger Goodell Kirby Lee-USA TODAY Sports | Reuters The National Football League lobbied the Securities and Exchange Commission on “issues related to blockchain technology” from July through December last year, according to disclosure reports. Records indicate that the lobbying campaign represents the first time the NFL has attempted to influence the government agency
In this article AMZN Photographer: Thorsten Wagner/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A former Amazon employee was sentenced Friday to federal prison for his involvement in an international bribery scheme. Rohit Kadimisetty, who worked as a seller support employee out of Amazon’s Hyderabad, India, office until 2015, was ordered to spend
In this article TSLA A worker wearing a face covering exits a Tesla Inc. vehicle at the company’s assembly plant in Fremont, California, U.S., on Thursday, Aug. 13, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris | Bloomberg | Getty Images A California civil rights agency sued Tesla this week, alleging racist harassment
Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Gabby Jones | Bloomberg | Getty Images Affirm stock dropped as much as 26% on Thursday after the company reported second-quarter results ahead of schedule. Here’s how the company did versus Refinitiv consensus expectations for
In this article NFLX DIS In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The Streaming Wars are heating up — at least between Disney and Netflix. Disney added 11.8 million Disney+ subscribers globally in the fiscal first quarter, topping the average analyst estimate
In this article DIS Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for its fiscal first
In this article FB Facebook Chief Executive Officer and founder, Mark Zuckerberg, leaving the Merrion Hotel in Dublin after meeting with Irish politicians to discuss regulation of social media, transparrency in political advertising and the safety of young people and vulnerable adults. On Tuesday, April 2, 2019, in Dublin, Ireland. Artur Widak | NurPhoto |
People walk past an Apple retail store on July 13, 2021 in New York City. Angela Weiss | AFP | Getty Images Apple is increasing benefits for U.S. retail workers, including doubling sick days for full-time and part-time employees, an Apple representative confirmed to CNBC. The move indicates that Apple is making changes to attract
The massive amount of automation and digital transformation taking place in the business world would be impossible if companies needed to code all of it “the old-fashioned way.” Low-code and no-code platforms are building new applications faster and allowing non-coders within a company to be involved. Joe Raedle | Getty Images Computers are getting better
In this article AMZN The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon is boosting its maximum base
India expects its 5G spectrum auction process to conclude by August and for services to be rolled out subsequently, the country’s technology minister told CNBC. 5G refers to the fifth generation of high-speed mobile internet that aims to provide faster data speeds and more bandwidth to carry growing levels of web traffic. The Telecom Regulatory
In this article BTC.CB= Sen. Ted Cruz, R-Texas, questions U.S. Capitol Police Chief J. Thomas Manger during the Senate Rules and Administration Committee hearing on “Oversight of the U.S. Capitol Police Following the January 6th Attack on the Capitol, Part III”, in Washington, January 5, 2022. Tom Williams | Pool | Reuters Sen. Ted Cruz
Allie Rae Allie Rae Allie Eve Knox creates adult content. She makes sexually provocative videos, sells subscription services on platforms like OnlyFans, performs live via webcam, and works as a findomme – short for financial dominatrix, a fetish involving dominance-submission dynamics and cash. The Texas native is also a major advocate of cryptocurrency. Knox describes
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters As Google Fiber contractors in Kansas City attempt to become the first members of the Alphabet Workers Union to win bargaining power, workers there are facing a union-busting effort by their contracting firm. The contractors are employed directly by
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