Top autos CEO warns of battery scarcity as EV competition heats up
Volvo Cars chief Jim Rowan joined the business last month.
CNBC Technology
Intel CEO now expects chip shortage to last into 2024
Intel CEO Pat Gelsinger said the extended timeline for the chip crunch is now due to a lack of manufacturing equipment.
Amazon shares fall 14% for worst day since 2006
The company gave weaker-than-expected sales guidance for the current quarter, and it recorded its first net loss in seven years.
Disney executive Geoff Morrell, who helped craft response to 'Don't Say Gay' law, leaves company after three months
Morrell helped Disney CEO Bob Chapek craft a response to Florida's "Don't Say Gay" legislation that has arguably backfired on the company.
Amazon and Google just closed out their worst months on Wall Street since 2008
Amazon and Google wrapped up a rocky earnings season for Big Tech, reporting quarterly earnings results that fell short of Wall Street's expectations.
Robinhood reports shrinking revenue, fewer active users
Robinhood was up against some tough comparisons in the first quarter, when interest in so-called meme stocks in 2021 fueled its rapid growth.
California Governor Newsom offers hope for state's last nuclear plant, but major hurdles remain
In conversation with the LA Times editorial board, Gov. Newsom indicated the state might apply for funding to extend the life of Diablo Canyon nuclear plant.
Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter
Elon Musk sold roughly $8.4 billion worth of Tesla shares, according to filings with the Securities and Exchange Commission.
TikTok looms large in tech earnings reports as digital ad giants struggle to keep up
Facebook, Google and Amazon missed analyst expectations in a difficult quarter for the top U.S. online ad companies.
Airbnb CEO says staff can 'live and work anywhere'
Airbnb is planning to let its employees live and work wherever they want as other firms start bringing staff back to the office.
Central African Republic becomes second country to adopt bitcoin as legal tender
Bitcoin will now be considered legal tender in the Central African Republic.
Singapore start-up Nium seeks up to $400 million in deals to take on Europe's crowded fintech market
Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business.
Intel beats but offers disappointing guidance
Intel called for weaker-than-expected second-quarter earnings and revenue as it plans exapansion through factories in the U.S. and Germany.
Amazon takes $7.6 billion loss on Rivian stake after EV company's stock plunge
After seeing its Rivian investment gain by $12 billion in the fourth quarter, Amazon had to mark its stake down dramatically due to a slump this year.
Amazon shares fall on bleak forecast and slowest growth since dot-com bust
Amazon gave a revenue forecast that trailed analysts' estimates and recorded a big loss on its Rivian investment.
Apple shares dip after company warns of a possible $8 billion hit from supply constraints
Apple reported earnings after the bell. Here are the results.
Amazon's cloud business grows almost 37%, but slows from last quarter
Amazon's overall business lost money in the first quarter, but the loss would have been even steeper were it not for the fast-growing cloud segment.
Twitter reports user bump, revenue miss for Q1, days after accepting Musk's takeover bid
Twitter just reported earnings for the first quarter of 2022, in what could be one of its last public reports after its board agreed to sell to Elon Musk.
Snap launches a $230 flying camera called Pixy
Pixy is available as of Thursday in the U.S. and France.
Comcast shares slump as broadband subscriber growth continues to slow
Comcast beat on the top and bottom lines, but broadband growth continues to slow.
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