Technology
Musk’s xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber confirmed Tuesday. The record-setting transaction is the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC. […]
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Teradyne stock pops on earnings beat driven by AI demand
Cheng Xin | Getty Images News | Getty Images Teradyne stock popped on Tuesday after the company beat fourth-quarter estimates thanks to strong artificial intelligence demand. The robotics company reported adjusted earnings of $1.80 per share, exceeding the $1.37 per share expected by analysts surveyed by LSEG. Revenue totaled $1.08 billion, topping a forecast of […]
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Spain becomes first country in Europe to ban social media for under-16s
A 13-year-old boy poses at his home as he looks at social media on his mobile phone in Sydney on December 8, 2025. (Photo by Saeed KHAN / AFP via Getty Images) Saeed Khan | Afp | Getty Images Spain announced plans on Tuesday to introduce an Australia-style social media ban for under-16s as part […]
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PayPal shares sink 17% after forecasting weak 2026 earnings; HP’s Enrique Lores named new CEO
Enrique Lores, CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings below Wall Street expectations on Tuesday, while naming HP’s Enrique Lores as its president and CEO. Shares of the […]
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Disney shares are flat as CEO succession takes the spotlight. Here’s what’s happening
Walt Disney Company CEO Bob Iger looks on prior to the game between the Philadelphia Eagles and the Green Bay Packers at Lambeau Field on November 10, 2025 in Green Bay, Wisconsin. Michael Reaves | Getty Images Sport | Getty Images Disney shares inched higher in pre-market trading on Tuesday morning, as investors focus on […]
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In Google earnings, analysts want answers on Apple’s Siri-Gemini deal
Matteo Della Torre | Nurphoto | Getty Images Alphabet reports earnings Wednesday, and investors will be looking for more details on the company’s deal with Apple to revamp the Siri virtual assistant with Google’s Gemini artificial intelligence technology. While Wall Street is expecting Google to report a 15% year-over-year increase in its fourth-quarter revenue, much […]
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Nintendo Switch becomes the gaming giant’s best-selling console ever
TOPSHOT – A Super Mario character is pictured at a Nintendo display ahead of the launch of the company’s Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images The Switch has become Nintendo‘s best-selling console of all time, nearly […]
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Palantir surges 10% after beating earnings estimates. Here’s what’s happening
Palantir surged 10% in premarket trading on Tuesday after beating Wall Street’s fourth quarter estimates amid rising spending on AI tools from governments and businesses. The shares popped after it reported $1.41 billion in revenue, ahead of LSEG estimates of $1.33 billion. The earnings came after a muted end to 2025 — November was Palantir’s […]
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CNBC Daily Open: Asia markets and precious metals rebound amid Trump’s trade deal with India
India’s Prime Minister Narendra Modi hugs U.S. President Donald Trump as they give joint statements in the Rose Garden of the White House in Washington, June 26, 2017. Kevin Lamarque | Reuters Asia markets on Tuesday staged a staggering turnaround from the previous day. South Korea’s Kospi led gains in the region, soaring 6.7% as […]
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Nintendo keeps Switch 2 forecast as device sales pass 17 million units
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches […]
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