Technology
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 […]
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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 […]
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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 — […]
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Chinese chip designer Montage Technology soars over 50% in Hong Kong debut
A robotic machine manufactures a semiconductor chip at a stall to show investors during The Advantage Assam 2.0 Investment Summit in Guwahati, India, on Feb. 25, 2025. Nurphoto | Nurphoto | Getty Images Shares of Chinese chip designer Montage Technology surged around 60% in its Hong Kong trading debut on Monday following an initial share […]
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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 […]
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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 […]
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