Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna’s $17 billion initial public offering, investors are pondering which big fintech name will be the next to go…
Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…
Andy Jassy, chief executive officer of Amazon, speaks during an unveiling event in New York, US, on Wednesday, Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images Anyone who has ever gone in search of a product review on Amazon knows how valuable the experience of other shoppers can be, and how easy it is…
It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle ,…
Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Germany this week played host to one of the world’s biggest auto shows — but in the heartland of Europe’s auto industry, it was buzzy Chinese electric…
Apple AirPods Pro 3 models are displayed during Apple’s “Awe-Dropping” event at the Steve Jobs Theater on the Apple Park campus in Cupertino, California, on Sept. 9, 2025. Nic Coury | AFP | Getty Images For decades, shows like “Star Trek” and novels like “The Hitchhiker’s Guide to the Galaxy” have showcased fictional universal translators,…
OpenAI on Friday introduced a new program, dubbed the “OpenAI Grove,” for early tech entrepreneurs looking to build with artificial intelligence, and applications are already open. Unlike OpenAI’s Pioneer Program, which launched in April, Grove is aimed towards individuals at the very nascent phases of their company development, from the pre-idea to pre-seed stage. For…
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk…
A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021. Jung Yeon-Je | AFP | Getty Images South Korean memory chipmaker SK Hynix said Friday that it was ready to mass produce its next-generation high-bandwidth memory chips, staying ahead of rivals and…
Adobe reported fiscal third-quarter results that topped analysts’ estimates. The design software maker’s shares rose in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $5.31 adjusted vs. $5.18 expected Revenue: $5.99 billion vs. $5.91 billion expected Revenue in the quarter ended Aug. 29 increased 11% from $5.41 billion…
