Chip shortages for iPads and Macs may cool Apple's hot streak
It turns out Apple is dealing with the same microchip shortage that has snarled companies and industries around the world.
CNBC Technology
Samsung family announces plans to pay off more than $10 billion of inheritance tax
The family of late Samsung Group Chairman Lee Kun-hee said Wednesday they will be paying off their massive $10 billion inheritance tax bill over five years.
Zuckerberg outlines how Facebook will thrive after Apple privacy change
Mark Zuckerberg spent the majority of Facebook's Wednesday earnings call outlining the company's e-commerce strategy as it prepares for life post-iOS 14.5.
Lockdowns are lifting, but VCs remain bullish on food delivery start-ups
Venture capitalists are continuing to invest in food delivery start-ups, even though the margins are often small. Taster is the latest start-up to raise money.
Amazon to hike wages for over 500,000 workers
The company said it will spend more than $1 billion on incremental pay raises for over half a million employees.
Shopify surges after e-commerce boom fuels big earnings beat
Shopify warned that revenue growth could moderate this year as Covid-19 vaccine rollout slows the rapid e-commerce adoption experienced during the pandemic.
Apple just recorded a 42.5% gross margin for the quarter, the highest in nine years
Long stuck at around 38%, Apple's gross margin has jumped the past two quarters because of more expensive iPhones and a growing services portfolio.
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
Apple released on Wednesday its fiscal second-quarter results.
Qualcomm revenue pops 52% on strong smartphone demand
Qualcomm raised its forecast for handset shipments in 2021 as the economy reopens.
JPMorgan wants to appeal to younger investors with new ad campaign
It's the first multichannel ad campaign from the group since JPMorgan folded up its wealth management operations into a unit in December 2019.
Tesla is now sitting on $2.5 billion of bitcoin
The company announced earlier this year that it had purchased $1.5 billion worth of bitcoin and planned to accept it as payment for vehicles.
Dogecoin price surges after tweets from Elon Musk and Mark Cuban
Dogecoin's price has soared 20% in the last 24 hours to 32 cents, according to data from Coin Metrics.
Spotify founder 'very serious' about buying his favorite club, Arsenal, says he's secured funding
"I've been an Arsenal fan since I was 8 years old," Swedish billionaire and Spotify CEO Daniel Ek told CNBC. "I'm prepared that this could be a long journey."
A Coinbase-backed start-up quietly powering the NFT boom raises new funding
Alchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing blockchain industry.
Tesla accused of environmental rule violations in U.S. and Germany
The EPA accused Tesla last week of failing to prove it is in compliance with federal emissions standards for hazardous air pollutants.
Netflix's new feature will automatically play something to watch based on your interests
Netflix's "play something" feature allows users to shuffle through a random pick of movies and TV shows.
A $3.8 billion rival to Twilio in Europe just made a big acquisition to expand in the U.S.
Dutch start-up MessageBird is acquiring commercial email platform SparkPost in a $600 million deal.
Huawei reports 16.5% drop in revenues in first quarter, warns of 'another challenging year' ahead
Huawei said its revenues fell 16.5% year-on-year to 152.2 billion Chinese yuan ($23.5 billion) in the three months ending March 31.
British government takes a first step toward allowing ‘self-driving’ cars on public roads
The U.K. government announced that the first types of "self-driving" cars could be on British roads by the end of 2021.
Microsoft books biggest revenue growth since 2018
Microsoft delivered better-than-expected revenue growth thanks in part to strong PC sales in the quarter. Azure revenue growth was flat from the prior quarter.
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