Month: February 2025
Bezos’ Blue Origin to layoff about 10% across its space, launch business
A Blue Origin New Glenn rocket stands ready for its inaugural launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., January 10, 2025. Joe Skipper | Reuters The CEO of Jeff Bezos’ Blue Origin announced in an all-hands call on Thursday company-wide layoffs of “about 10 percent” of its employees, a sweeping […]
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CNBC’s Inside India newsletter: How Modi’s trip to the U.S. and France could help India grow its nuclear ambitions
French President Emmanuel Macron (Centre L) and Indian Prime Minister Narendra Modi (Centre R) attend a visit at the ITER (International Thermonuclear Experimental Reactor) in Saint-Paul-les-Durance, near Marseille southern France, on February 12, 2025. (Photo by Laurent Cipriani / POOL / AFP) (Photo by LAURENT CIPRIANI/POOL/AFP via Getty Images) Laurent Cipriani | Afp | Getty […]
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AppLovin skyrockets 33% after earnings beat, strong guidance as analysts raise price target
Piotr Swat | Lightrocket | Getty Images Shares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets. The ad tech company said on its earnings call it was divesting its apps business, as the company aims to move into other […]
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Reddit shares slump 6% on daily active user miss
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares dropped more than 6% Thursday after the social media company fell short of […]
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Google joins $350 million funding round for humanoid robotics company Apptronik
Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots. The funding round was co-led by B Capital and Capital Factory, and included backing from Google, CEO Jeff Cardenas said in an exclusive Squawk Box interview Thursday. Apptronik, a Texas-based robotics […]
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Producer prices report points to softer Fed inflation measure than feared
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%, […]
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Trump reciprocal tariffs news conference set for 1 p.m.
U.S. President Donald Trump reads about tariffs on steel and aluminum, as Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump set an Oval Office news conference on his plan to impose reciprocal tariffs on other countries […]
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Prenuvo adds new health tests to flagship full-body scan, raises $120 million in fresh funding
Prenuvo’s clinic in New York City, New York. Courtesy of Prenuvo Preventative health startup Prenuvo on Thursday announced it will offer three new health assessments in addition to its flagship full-body MRI scan. The company is launching a detailed blood test, neurological scan and body composition analysis that was approved by the U.S. Food and […]
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Crypto scams likely hit a new record in 2024, driven by ‘pig butchering’ and AI, says Chainalysis
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates Boonchai Wedmakawand | Moment | Getty Images Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, […]
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Stocks making the biggest moves premarket: Robinhood, Deere, Cisco Systems, AppLovin and more
Check out the companies making headlines before the bell. Robinhood — The digital trading platform rallied 13% after reporting stronger-than-expected revenue for the fourth quarter. Robinhood posted $1.01 billion in the period, coming above the LSEG consensus estimate of $944.6 million. MGM Resorts — The resorts and casinos stock jumped nearly 10%. The company posted […]
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