International Business Machines Corp
Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either […]
Read More
Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger
Jyoti Bansal, co-founder and CEO of startup Harness. Harness Jyoti Bansal knows about weird acquisitions. Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster IPO. A day before the offering, Cisco swooped in and bought the company for $2.7 billion Now Bansal is at the center of an equally unconventional […]
Read More
CNBC Daily Open: Global central banks are lowering rates — the Fed might not be as inclined
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images On Friday, the Reserve Bank of India trimmed its repo rate by 25 basis points. A day prior, the Bank of England lowered interest rates by 25 basis points, following the European Central […]
Read More
CNBC Daily Open: Global central banks are cutting rates — the Fed might not be as inclined
The Bank of England on 6 Feb. 2025, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to […]
Read More
IBM is the best Dow stock over the past 3 months, but one CIO says its AI message is disappointing
IBM has been the best-performing stock in the blue-chip Dow Jones Industrial Average over the past three months, climbing 27%, but according to Scott Nations, president and chief investment officer of Nations Indexes, the original tech stock has more to prove in artificial intelligence. Nations appeared on CNBC’s “Power Lunch” on Wednesday to share his […]
Read More
New York City office demand is finally back to normal
Demand for New York City office space has finally returned to pre-pandemic levels, driven by an influx of new workers as well as a drive by employers to see current workers return to the office. During the fourth quarter, office demand in the city jumped 25% from the year before, according to VTS, which measures […]
Read More
Some of this week’s biggest stock winners and losers, plus an update on Nvidia
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks moved off their session highs and struggled to hold onto their gains. The S & P 500 is on pace for a small […]
Read More
IBM rallies nearly 13%, heads for best day since 2000 on strong earnings
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | Reuters IBM surged 14% Thursday on the back of a strong fourth-quarter print that showed artificial intelligence growth boosting its software business. The move put the stock […]
Read More
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per share […]
Read More
Stocks making the biggest moves premarket: United Parcel Service, Microsoft, Caterpillar and more
Check out the companies making headlines before the bell. United Parcel Service — Shares fell more than 14% in premarket trading after the delivery giant said it reached a deal with Amazon , its largest customer, “to lower its volume by more than 50% by the second half of 2026.” UPS also said it’s launching […]
Read More