Month: August 2025
Meta puts the brakes on its massive AI talent spending spree
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Meta Platforms has paused hiring for its new artificial intelligence division, ending a spending spree that saw it acquire a wave of expensive […]
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Walmart will report earnings before the bell. Here’s what to expect
The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart will report quarterly earnings on Thursday, as economists and investors try to gauge how U.S. consumers are responding to President Donald Trump’s decision to raise tariffs on dozens of countries across the globe. Here’s […]
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Japan’s factory activity extends declines in August, PMI shows
Japan’s manufacturing activity contracted for the second month in August as U.S. tariffs weighed on overseas demand, a private-sector survey showed on Thursday. The S&P Global flash Japan Manufacturing Purchasing Managers’ Index increased to 49.9 in August from July’s final 48.9, but it remained below the 50.0 threshold that separates growth from contraction for two straight months. “The […]
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CNBC Daily Open: The U.S. tech-sell off extends to its second day — but don’t let it ruin your summer
Palantir Technologies signage on an options contract ticker as traders work on the floor of American Stock Exchange at the New York Stock Exchange in New York, U.S., on Friday, June 20, 2025. Michael Nagle | Bloomberg | Getty Images If you have any U.S. technology stocks in your portfolio (and let’s face it, who […]
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Microsoft scales back Chinese access to cyber early warning system
A branch of the technology company Microsoft can be seen in Manhattan. Sven Hoppe | Picture Alliance | Getty Images Microsoft said on Wednesday it has scaled back some Chinese companies’ access to its early warning system for cybersecurity vulnerabilities following speculation that Beijing was involved in a hacking campaign against the company’s widely used SharePoint […]
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Elon Musk must face lawsuit claiming he ran illegal $1 million election lottery
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Elon Musk was ordered on Wednesday […]
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Microsoft’s gutting of discounts for some clients likely baked into guidance, analyst says
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications. Since the announcement, analysts have published estimates on how much […]
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Asia markets set for muted start as investors assess S&P 500’s four-day losing streak
Evening view of Marine Drive, Queen’s necklace, Juhu and Chowpatty beaches Grant Faint | The Image Bank | Getty Images Asia-Pacific markets were poised for a muted start to the day as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India’s HSBC Composite […]
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Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024. Nurphoto | Nurphoto | Getty Images Alibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45% […]
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Fewer people are drinking — and that’s changing how they travel
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work. The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said. Until it wasn’t. “Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t […]
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