Breaking News: Technology
Tesla exec leading development of chip tech and Dojo supercomputer is leaving company
Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers […]
Read More
Block shares pop on full-year guidance boost
Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected Revenue: $6.05 billion vs. $6.31 billion expected Revenue fell close to 2% from […]
Read More
Instacart tops estimates, issues upbeat outlook
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s second-quarter earnings topped estimates and the grocery delivery company issued strong guidance after the bell Thursday. Shares jumped more than 6% in extended trading. Here’s how the company did versus LSEG […]
Read More
Pinterest stock falls 10% after earnings miss
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest shares were down more than 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share. […]
Read More
Omada Health beats on revenue in first earnings report since IPO
The Omada Health logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Omada Health reported quarterly results for the first time since its IPO in June. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Loss: Loss per share of 24 cents. Revenue: $61 million vs. $55.2 million […]
Read More
How Tim Cook convinced Trump to drop made-in-USA iPhone — for now
WASHINGTON, DC August 6: US President Donald Trump shakes hands with CEO of Apple Tim Cook during a meeting in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump has made clear that he wants Apple to make iPhones in […]
Read More
Doximity buys Pathway Medical for $63 million to help doctors get AI-powered answers
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021. Source: NYSE Doximity is diving deeper into artificial intelligence, announcing on Thursday the acquisition of startup Pathway Medical for $63 million. Pathway has built an AI-powered clinical reference tool that doctors can use to ask questions about guidelines, drugs […]
Read More
AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings
Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth […]
Read More
California jury rules Meta violated privacy law in case involving period-tracking app
Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty Images A California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app. The jury ruled that the plaintiffs proved that Meta […]
Read More
Rocket maker Firefly Aerospace pops more than 50% to open at $70 in Nasdaq debut
Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. The Nasdaq Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 […]
Read More