Technology
CEO of Southeast Asia’s largest bank says AI adoption is already paying off: ‘It’s not hope, it’s now’
Tan Su Shan, chief executive officer of DBS Group Holdings Ltd., speaking at the Singapore Fintech Festival in Singapore, on Nov. 12, 2025. Bloomberg | Bloomberg | Getty Images SINGAPORE – Amid fears of an artificial intelligence bubble, much has been made of recent reports suggesting that AI has yet to generate returns for companies […]
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StubHub beats on revenue in first earnings report since IPO, but stock slides
Ticket reseller StubHub signage on display at the New York Stock Exchange for the company’s IPO on Sept. 17, 2025. NYSE StubHub shares sank 5% in extended trading on Thursday after the company reported quarterly results for the first time since its initial public offering in September. Here’s how the ticket vendor did in comparison […]
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Google says group behind E-ZPass, USPS text scam has been ‘shut down’ after suit
The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Google said on Thursday said it has disrupted the foreign cybercriminal group behind a massive SMS text phishing operation within 24 hours of filing its lawsuit. “This shut down […]
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Tesla recalls 10,500 Powerwall 2 battery systems due to overheating, fire risk
Tesla’s Powerwall 2 Source: Tesla Tesla is recalling around 10,500 units of its Powerwall 2, a backup battery for residential use, according to a U.S. Consumer Product Safety Commission disclosure out Thursday. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal use, which can result in […]
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MLS games head to Apple TV in 2026 as Season Pass subscription ends
Major League Soccer is stepping onto a bigger stage next year, when all of its matches will find a new home on Apple TV. Beginning in the 2026 season, MLS games will be available on Apple’s flagship streaming platform, which currently includes Major League Baseball games as well as scripted series like “Severance.” The move […]
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Wall Street cools on Oracle’s buildout plans as debt concerns mount: ‘AI sentiment is waning’
Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters Two months ago, Oracle’s stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure […]
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Apple cuts App Store fee in half for ‘mini apps’ that integrate more of its software
Under the EU’s Digital Markets Act, Apple is required to allow developers to freely inform customers of alternative offers outside its App Store. Gabby Jones | Bloomberg via Getty Images Apple on Thursday said it would cut the company’s App Store fees from 30% to 15% for some app makers, if they enter into a […]
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AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins “Closing Bell: […]
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Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe
Omar Marques | Lightrocket | Getty Images With ski season approaching, Uber wants to take you to the slopes. The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland and France, according to a release. The services is […]
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Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company
Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg. Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box” […]
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