- Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profiton May 2, 2024 at 11:32 pm
Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.
- Block shares jump on better-than-expected first-quarter resultson May 2, 2024 at 11:31 pm
Block's earnings report comes during a slide in the stock price tied to reports that U.S. prosecutors were probing the company's compliance practices.
- Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%on May 2, 2024 at 11:11 pm
Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.
- Democratic senator aims at Amazon's labor practices with first federal bill regulating quotason May 2, 2024 at 8:00 pm
The bill seeks to regulate productivity quotas used by warehouse employers, including Amazon.
- Taylor Swift and Drake's label UMG strikes new licensing deal with TikTok to end spaton May 2, 2024 at 3:41 pm
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists' music to TikTok.
- Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQon May 2, 2024 at 3:33 pm
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
- Google lays off hundreds of 'Core' employees, moves some positions to India and Mexicoon May 2, 2024 at 7:49 am
Google is laying off more employees and hiring for their roles outside of the U.S.
- Shares of Nio soar more than 20% as EV deliveries more than double in Aprilon May 2, 2024 at 6:27 am
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.
- Microsoft to open new data center in Thailand as it doubles down on AI and Southeast Asiaon May 2, 2024 at 3:56 am
The U.S. tech giant said it will also commit toward AI skills training for over 100,000 Thais and support local developers.
- Amazon CEO Andy Jassy broke federal labor law with anti-union remarkson May 2, 2024 at 12:32 am
A National Labor Relations Board judge, citing 2022 interviews with CNBC, Bloomberg and The New York Times, found Amazon CEO Andy Jassy broke labor law.