Alexandr Wang, CEO of Scale AI, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23rd, 2025. CNBC Alphabet’s Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources…
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off…
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Joe Raedle | Getty Images Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company’s prospects in cloud computing. The stock jumped about 24% for…
The S&P 500 slid on Thursday, dragged down by falling Tesla shares. The EV company tumbled more than 14%. Here’s what’s on CNBC’s radar going into Friday. [title_words_as_hashtags
Mathisworks | Digitalvision Vectors | Getty Images While the government cost-cutting initiative known as the Department of Government Efficiency, which resulted in thousands of federal job cuts, winds down, mass layoffs are still roiling corporate America. Companies are under increasing pressure to trim costs against the backdrop of global economic uncertainty brought on by President…
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Amazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the company said Wednesday. Amazon has earmarked up to $100 billion this year…
Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company performed relative to LSEG consensus: Earnings per share: $2.58 adjusted vs. 2.54 expected Revenue: $9.83 billion vs. $9.75 billion expected Salesforce’s revenue grew 7.6% year over year…
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on…
Cooling towers are seen through a window at the Three Mile Island Nuclear power plant, during a tour by Constellation Energy, which has ordered a main power transformer for the nuclear reactor it is trying to reopen, in Middletown, Pennsylvania, on Oct. 16, 2024. Shannon Stapleton | Reuters President Donald Trump signed a series of…
Pavlo Gonchar | Lightrocket | Getty Images The U.S. Federal Trade Commission dropped a case that sought to block Microsoft‘s $69 billion purchase of “Call of Duty” maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest. FTC Chairman Andrew Ferguson is seeking to use the agency’s…
