Amazon.com Inc
Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s […]
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Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of […]
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Stocks making the biggest moves after hours: AMD, Super Micro, Live Nation, Axon Enterprise and more
Check out the companies making headlines after hours. AMD — The semiconductor stock dropped 1% after Amazon said in a securities filing that it dissolved its stake in AMD in the third quarter. Otherwise, the company reported third-quarter earnings that topped expectations, with adjusted earnings of $1.20 per share on revenue of $9.25 billion. Analysts […]
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AMD reports better-than-expected results but margin guidance only meets estimates
AMD CEO Lisa Su speaks at a Senate Commerce, Science, and Transportation Committee hearing in Washington on May 8, 2025. The leaders of some of the biggest technology and artificial intelligence companies will go to Congress on Thursday with a wish list of sorts that at its top has doing away with regulation they say […]
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Pinterest shares plummet 15% on earnings miss, weak forecast
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares tanked as much as 15% on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance. Here’s how the company did, compared […]
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Amazon-backed eVTOL company Beta Technologies closes up nearly 6% in NYSE debut
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025. NYSE Beta Technologies, an electric aircraft company, closed up nearly 6% at $36 a share in its New York Stock Exchange debut on Tuesday. On Monday, the company priced shares in its IPO […]
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IBM cutting thousands of jobs in the fourth quarter
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM said Tuesday that it will lay off a small percentage of its employees in the current quarter. “In the fourth quarter we […]
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Perplexity AI accuses Amazon of bullying with legal threat over Comet browser
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using […]
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Scale AI’s life after Meta deal has been rocky, but CFO insists it’s not a ‘zombie company’
Scale AI CFO Dennis Cinelli. Courtesy of Scale AI. After Meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire the startup’s founder, Alexandr Wang, and a handful of his employees, the future of Scale was immediately thrown in doubt. OpenAI soon […]
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Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant
Justin Sullivan | Getty Images Instacart on Tuesday launched a suite of artificial intelligence tools for grocers to deliver more personalized shopping experiences and improve retail operations. CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to power hundreds of digital storefronts. “It’s […]
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