Month: June 2025
This California startup is cleaning water and removing CO2 from the atmosphere — all at a reduced cost
As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits. Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, […]
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Republican FCC commissioner Simington will step down this week
Nathan Simington, Commissioner at the Federal Communications Commission (FCC) testifies during a House Energy and Commerce Committee Subcommittee hearing on March 31, 2022 in Washington, DC. The subcommittee held a hearing on oversight of the FCC. Kevin Dietsch | Getty Images Republican Federal Communications Commission member Nathan Simington said Wednesday he plans to resign this […]
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Trump says he spoke to Putin, predicts no ‘immediate’ peace for Russia and Ukraine
Russian President Vladimir Putin and U.S. President Donald Trump. Mikhail Metzel | Evelyn Hockstein | Via Reuters President Donald Trump on Wednesday said he spoke with Russian leader Vladimir Putin for well over an hour about Ukraine’s latest attack on Russian airplanes and nuclear talks with Iran. Putin in that call vowed retaliation against Ukraine […]
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OpenAI tops 3 million paying business users, launches new features for workplace
Sam Altman, co-founder and CEO of OpenAI, speaks during the New York Times annual DealBook Summit at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported […]
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Stocks making the biggest moves midday: CrowdStrike, Tesla, Dollar Tree, Thor Industries and more
Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity stock was down nearly 7% after the company’s revenue forecast for the current quarter undershot analysts’ estimates. CrowdStrike said it expects revenue in the range between $1.14 billion and $1.15 billion, while analysts polled by LSEG were looking for $1.16 billion. Dollar […]
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Shares of this new China tea retailer coming to the U.S. have 40% upside, says Citi
Chinese tea chain Chagee is in the early days of a long runway for strong growth, according to Citi Research. Analyst Xiaopo Wei initiated the stock with a buy rating and $43.70 price target, suggesting shares stand to gain nearly 44% from their latest close. Shares of Chagee are down more than 10% since the […]
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Amazon to invest $10 billion in North Carolina data centers in AI push
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 […]
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Microsoft gives LinkedIn chief Roslansky added role running Office
Microsoft is giving LinkedIn CEO Ryan Roslansky a bigger job, expanding his role to include oversight of Office productivity software, CNBC has learned. Roslansky, who took over LinkedIn five years ago, is becoming executive vice president of Office, reporting to Rajesh Jha, Microsoft’s executive vice president for experiences and devices, according to a person familiar […]
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CrowdStrike drops 4% on lackluster guidance, ongoing impact from July IT outage
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty Images Shares of CrowdStrike slumped more than 4% Wednesday morning after the cybersecurity company issued lackluster revenue guidance for the current quarter. The security software maker said […]
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Nissan’s CEO on leading in chaos: Be fast and be flexible
If you’ve just taken the top job, Nissan’s new CEO Ivan Espinosa has some advice for you. Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits. “Keep the optimism up, because the environment is very tough, […]
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