Technology
Monday.com drops 19% as AI disruption fears mount in software
Monday.com‘s stock plummeted more than 19% on Monday after the project management platform issued weak guidance as it grapples with rising concerns that artificial intelligence is disrupting the software business model. The Israel-based company called for revenue between $338 million and $340 million in the current quarter, short of the $343 million expected by analysts […]
Read More
Workday CEO Carl Eschenbach is stepping down, co-founder Aneel Bhusri to take over
Aneel Bhusri, CEO, Workday, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galucia | CNBC Workday on Monday announced that CEO Carl Eschenbach is stepping down from his role and will be replaced by the company’s co-founder, Aneel Bhusri, effective immediately. Bhusri has previously held a range of leadership roles at […]
Read More
Meta starts big week in court, with opening arguments beginning in New Mexico, LA trials
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Meta is back in court, but this time it’s a lone defendant. Opening arguments begin on Monday in a high-profile trial […]
Read More
Dow 50,000, Super Bowl 60, Meta’s big week in court and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. Congratulations to the Seattle Seahawks, who stifled the New England Patriots in a 29-13 Super Bowl win last night. Congratulations also to Lady Gaga fans, who got a surprise performance from the singer during Bad Bunny’s halftime show. Stock futures […]
Read More
Lyft debuts teen accounts more than two years after Uber
Lyft on Monday officially launched teen accounts nationwide in a bid to match competitor Uber. CEO David Risher addressed Lyft’s delayed teen accounts rollout, saying the company “wanted to get it right” and is distinguishing itself with parent and driver communication tools. “We’ve been really thoughtful as we’ve talked to parents and teens to come […]
Read More
EU announces it plans to impose measures on Meta to reverse WhatsApp AI policy
The European Commission has told Meta it intends to impose “interim measures” to stop the tech giant from excluding third-party AI assistants from WhatsApp. On Monday, the EU informed the company that its preliminary view was that it had “breached” EU antitrust rules. The investigation is still ongoing, and measures are subject to Meta’s reply […]
Read More
The AI narrative now has a new trade — shorting software stocks
Software and data services stocks remain under pressure after Anthropic’s rollout of a legal automation tool reignited fears of AI-driven disruption — and now one fund manager says that shorting software has become the market’s newest expression of the AI trade. Software names — along with data service companies, financial information providers and publishers — […]
Read More
Epstein’s Silicon Valley connections went beyond Gates and Musk
Printed documents available at Epstein Library on the U.S. Department of Justice website are seen in this illustration photo. Nurphoto | Nurphoto | Getty Images The U.S. Justice Department’s latest release of millions of documents related to the notorious sex criminal and financier Jeffrey Epstein has shed more light on the relationships he built with […]
Read More
CNBC Daily Open: Watch Japan’s yen and government bond yields as Takaichi storms to an election victory
Sanae Takaichi, Japan’s prime minister and president of the Liberal Democratic Party (LDP), at the party’s headquarters in Tokyo, Japan, on Sunday, Feb. 8, 2026. Toru Hanai | Bloomberg | Getty Images Japan’s Sanae Takaichi and her ruling Liberal Democratic Party overwhelmingly found the support of voters in a Sunday election, sweeping a supermajority — […]
Read More
Here are 3 major moments that drove the stock market last week
A massive market snapback on Friday couldn’t erase all of the week’s damage. After several days of selling, the tech sector roared back, with the Nasdaq gaining over 2% on Friday. Chipmakers Nvidia and Broadcom led the way, with gains of 7.8% and 7.2%, respectively. The broad-based S & P 500 rose nearly 2% in […]
Read More