Day: September 18, 2025
Nvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology
Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show in Paris on June 11, 2025. Chesnot | Getty Images Entertainment | Getty Images Nvidia has just shelled out over $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the artificial intelligence hardware […]
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Comcast spinoff Versant reports declining annual profit as it prepares to go public
Versant, Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public. The new entity will trade on the Nasdaq under the ticker “VSNT” after the separation, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors also became privy to more of Versant’s financials. […]
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Meta product chief Chris Cox says smart glasses are the future of computing
Meta Chief Product Officer Chris Cox said on Thursday that smart glasses are the future of computing devices. “We talk to them, we will see with them, we will use gestures the same way we interact with each other to interact with our computers,” Cox told CNBC’s Julia Boorstin. “The interfaces will get more natural, and so […]
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FedEx stock rises on better-than-expected earnings
A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City. Zamek | View Press | Corbis News | Getty Images FedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday. The stock rose more than 5% in after-hours trading on Thursday. “Despite significant […]
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Netskope soars 18% on first day of trading, reaches $8.6 billion market cap
Netskope jumped more than 18% in its Nasdaq debut on Thursday, pushing the cybersecurity firm to $8.6 billion in market value. The stock debuted at $23 under the ticker symbol “NTSK,” after Netskope sold shares at $19 on Wednesday at the top end of its recently upped pricing range. The sale raised over $908 million. […]
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Trump’s pressure on the media is mounting, with Kimmel sidelined ‘indefinitely’
Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. Mike Blake | Reuters President Donald Trump’s pressure on media companies is mounting. On Wednesday, the Walt Disney Co. pulled “Jimmy Kimmel Live!” off the air “indefinitely” from its ABC network after the […]
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CrowdStrike pops nearly 13% on upbeat long-term guidance at investor day
CrowdStrike logo is seen in this illustration taken July 29, 2024. Dado Ruvic | Reuters CrowdStrike shares popped about 13%, a day after the cybersecurity firm issued better-than-expected long-term guidance at its investor day. The company on Wednesday said it expects net new annual recurring revenues to grow at least 20% in 2027, ahead of […]
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Trump floats pulling licenses if networks are ‘against’ him after Jimmy Kimmel suspended
U.S. President Donald Trump speaks to reporters aboard Air Force One on his way to a state visit in Britain, Sept. 16, 2025. Kevin Lamarque | Reuters President Donald Trump on Thursday suggested that the federal government might revoke the licenses of broadcast television networks that are “against” him. Trump’s comment came a day after […]
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Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant
Jose Munoz, president and CEO, Hyundai Motor Company, speaks during a media tour and grand opening at the Hyundai Motor Group Metaplant America, March 26, 2025, in Ellabell, Ga. Mike Stewart | AP NEW YORK — Hyundai Motor reinforced aggressive growth plans Thursday through the end of the decade, despite lowering its profit outlook for […]
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FCC Chair Carr says ‘we’re not done yet’ after Jimmy Kimmel suspension by ABC
Federal Communications Commission Chairman Brendan Carr said Thursday that ABC late-night host Jimmy Kimmel appeared to “mislead” the American public about facts regarding conservative activist Charlie Kirk’s killing in the days leading up to his show’s suspension. Carr also told CNBC’s “Squawk on the Street” that “we’re not done yet” with the changes in “the […]
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