Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.
CNBC Technology
Europe may need to impose tariffs of up to 55% to curb Chinese EV imports, research says
A new report says Brussels would need to levy higher than expected tariffs of around 50% on Chinese electric vehicles to dissuade their export into the bloc.
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.
Amazon's cloud margin widens on accelerating revenue growth
Amazon's cloud unit is delivering the best operating margin at least since 2014.
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.
Amazon’s advertising revenue jumps 24% in first quarter
Amazon reported another big jump in its advertising business, and has emerged as a key player in the digital ad market.
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.
Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal
Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.
Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
Many doctors have been left without a way to get paid for their services.
ISS endorses most of activist Ancora's nominees for Norfolk Southern board
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement
Eight newspaper publishers alleged that Microsoft and OpenAI used millions of their articles without payment or permission to train AI models like ChatGPT.
Binance's billionaire founder to find out if prison time is coming — here's what lawyers are expecting
Binance founder Changpeng Zhao will find out in a federal courtroom in Seattle whether he will be spending time in prison.
Meta hit with major EU probe into disinformation handling ahead of European elections
The European Commission is investigating Meta over concerns the company hasn't done enough to tackle disinformation ahead of upcoming elections.
Samsung Electronics' operating profit jumps 933% in first quarter, beats expectations
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.
Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China
Shares of Tesla rose sharply after the company passed a significant milestone to roll out its advanced driver-assistance technology in China.
Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a 'better year' in 2025
Morgan Stanley, which led the Reddit and Astera Labs IPOs, expects 10 to 15 more tech offerings this year and a "better year" in 2025.
How working for Big Tech lost 'dream job' status
Mass layoffs have eroded the shine of the tech industry.
Amazon says more packages are arriving in a day or less after hefty investment in speedy fulfillment
Amazon has poured money into smaller, metro fulfillment centers so it can deliver more packages to customers in a day or less.
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