Solar stocks jump as Schumer, Manchin announce climate spending deal
The bill would be the largest climate spending package in U.S. history.
CNBC Technology
Samsung aims for foldable phone sales to overtake those of its now-dead but very popular Note devices
Samsung wants to push sales of its folding handsets to boost the profitability of its mobile division which has been hit by rising costs and waning demand.
Self-driving start-up Pony.ai plans to mass produce robotrucks in China
Self-driving tech start-up Pony.ai announced plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry.
Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda
The Federal Trade Commission sued to block Facebook-owner Meta from buying virtual reality fitness app maker Within Unlimited on Wednesday.
Qualcomm sales rise 37% despite 'challenging macroeconomic environment'
Qualcomm reported third-quarter earnings after the bell on Wednesday.
Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta is one of several technology companies that have scaled back hiring as economic conditions, including consumer spending, have become more challenging.
Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers
Best Buy said sales have slowed amid a tougher economic backdrop, as customers contend with inflation.
Etsy shares pop as company beats on top and bottom lines
Etsy shares jumped more than 15% in after-hours trading on Wednesday after the company's second quarter earnings beat on top and bottom lines.
Meta lost $2.8 billion on its virtual reality ambitions during Q2
The substantial sum is the latest sign that CEO Mark Zuckerberg and Meta continues to spend heavily to win the so-called "metaverse."
Meta gets new CFO as David Wehner moves to chief strategy officer role
Meta CFO David Wehner will take on a new role as the Facebook parent's first chief strategy officer, starting Nov. 1
Shopify misses estimates and issues gloomy guidance
Shopify warned that inflation and rising interest rates would weigh on consumer spending for the remainder of 2022.
Google delays cookie-cutting to 2024
The company said feedback showed it needed more time.
Vox Media cuts staff, slows down hiring as recession fears grow
Vox Media is laying off 39 employees in what may be a sign media companies are feeling economic pressures
FTC sues to block Facebook owner Meta from buying VR fitness app maker
The lawsuit echoes issues progressive critics have said the FTC should have raised in Facebook's acquisitions of Instagram and WhatsApp roughly a decade ago.
Spotify pops on revenue beat, subscriber growth
Spotify shares popped more than 14% on Wednesday after the company reported second-quarter 2022 earnings that beat analyst expectations on revenue.
Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok
Kylie Jenner and Kim Kardashian criticized Instagram on Monday by sharing a post urging that the app should stop mimicking TikTok.
Facebook parent Meta raises price of its Quest 2 VR headset by $100
Meta is asking consumers to pay more for its headsets as the company pushes its business towards the metaverse.
Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk's SpaceX
U.K. satellite firm OneWeb has agreed to be taken over by European rival Eutelsat in a $3.4 billion merger deal.
Microsoft misses estimates but stock up 5% on rosy guidance
Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.
YouTube has 'obvious math' problem as growth slows dramatically from pandemic highs
Alphabet executives blamed tough comparisons and economic challenges for YouTube's slowing growth rate.
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