Alphabet Inc
AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at […]
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Alphabet set to report Q2 earnings results after the bell
Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. Here’s what analysts are expecting: Earnings per share: $1.84, according to LSEG Revenue: $84.19 billion, according to LSEG Wall Street is also watching several other numbers in the report: YouTube advertising revenue: $8.93 billion, according to StreetAccount Google Cloud revenue: $10.20 […]
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What Google’s decision to keep cookies means for the internet
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. Daniel Acker | Bloomberg | Getty Images Google on Monday announced a bold move that has some big implications for advertisers and the future of the internet. The U.S. internet giant said late Monday it is reversing […]
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Wiz walks away from $23 billion deal with Google, will pursue IPO
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. “Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport said in a memo obtained by […]
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S&P 500 futures are little changed as investors await key earnings reports: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat Monday night, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month. Futures tied to the broad index sat near their flatline, as did Nasdaq 100 […]
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Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty Images After years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by advertisers — for its internet browser Chrome. Cookies are small […]
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Spotify, Tesla among stocks with earnings this week that could see big moves
Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. CNBC Pro screened FactSet data to find the companies reporting this week that have the biggest expected post-earnings moves, up or down, as implied by pricing in the options […]
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CNBC Daily Open: Biden drops out, endorses Harris
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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CNBC Daily Open: Biden drops out
Traders on the floor of the New York Stock Exchange, Aug. 8, 2023. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat
It didn’t take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? Unpredictability. Random attacks. No one safe. Mercurial positions. The only difference? Former Vice President Mike Pence meant nothing. He was supposed to mean nothing. Now the Republican candidate’s new running mate, Sen. JD Vance […]
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