Articles from www.cnbc.com

Articles from www.cnbc.com

Oracle stock jumped 24% this week, its best performance since 2001, and is up 29% in 2025, vs. Nasdaq's 1%, after the company reported cloud momentum (www.cnbc.com)
2 days ago Oracle

Amazon reorganizes its healthcare business into six “pillars” to simplify its structure, following executive departures and its struggles in the market (www.cnbc.com)
3 days ago Amazon

Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription (www.cnbc.com)
3 days ago U.S. Credit Card Coinbase

Chime opened at $43 in its Nasdaq debut on Thursday, after selling shares at $27 each in an IPO in which the neobank raised $700M and was valued at $11.6B (www.cnbc.com)
3 days ago IPO

Pittsburgh-based Gecko Robotics, which makes robots to inspect infrastructure, raised a $125M Series D at a $1.25B valuation, up from $633M in December 2023 (www.cnbc.com)
4 days ago Robot

Databricks says it expects to generate $3.7B in annualized revenue by July, up 50% YoY, with nearly 50 of its 15,000+ customers spending over $10M annually (www.cnbc.com)
4 days ago

Chime priced its US IPO at $27 a share, above the expected range, raising ~$700M and another $165M from shares sold by investors, valuing the company at $11.6B (www.cnbc.com)
4 days ago IPO

Oracle Q4: revenue up 11% YoY to $15.9B, vs. $15.59B est., cloud revenue up 27% YoY, signals strong cloud infrastructure revenue growth; ORCL up 6%+ after hours (www.cnbc.com)
4 days ago Oracle 4Q

Meta launches V-JEPA 2, an open-source AI “world model” to understand and predict 3D environments and object movements, to help robotics and self-driving cars (www.cnbc.com)
5 days ago AI Robot Autonomous Car

Elon Musk says Tesla's robotaxi service will “tentatively” begin on June 22 in Austin, with first autonomous deliveries of a car to a customer's home on June 28 (www.cnbc.com)
5 days ago Tesla Elon Musk

Generative AI enterprise search startup Glean raised a $150M Series F led by Wellington, taking its valuation to $7.2B, up from $4.6B in September 2024 (www.cnbc.com)
6 days ago Startup AI

US prosecutors charge Iurii Gugnin, founder of US-based crypto payments service Evita Pay, with laundering $500M+, including to sanctioned Russian entities (www.cnbc.com)
6 days ago Russia

OpenAI says it hit $10B in annual recurring revenue; for all of last year, OpenAI was around $5.5B in ARR (www.cnbc.com)
6 days ago

Virtual chronic care company Omada Health closed up 21% in its Nasdaq debut after raising about $150M in its IPO, valuing the company at just over $1B (www.cnbc.com)
9 days ago IPO

Winklevoss twins' crypto exchange Gemini says it has confidentially filed for an IPO in the US, after SEC dropped its probe and Gemini settled with CFTC for $5M (www.cnbc.com)
9 days ago IPO CFTC

DocuSign reports Q1 revenue up 8% YoY to $764M, subscription revenue up 8% to $746.2M, net income up 113% to $72.1M, and cuts FY 2026 forecast; DOCU falls 18%+ (www.cnbc.com)
10 days ago

Trump says Elon Musk “went CRAZY” and that canceling his government contracts is “the easiest way to save money”, as their One Big Beautiful bill feud escalates (www.cnbc.com)
10 days ago Trump Elon Musk

Shares of Circle jumped 124%, opening at $69.50 on the NYSE, after the stablecoin company raised almost $1.1B in an IPO (www.cnbc.com)
11 days ago IPO

Sensor Tower: Temu's US DAUs fell 52% in May compared to March, while Shein's dropped 25%, amid the US' China tariffs and the closure of “de minimis” loophole (www.cnbc.com)
11 days ago China Sensor

Counterpoint has revised its 2025 global smartphone shipment growth forecast to 1.9% YoY, down from 4.2%, citing “renewed uncertainties surrounding US tariffs” (www.cnbc.com)
11 days ago

Amazon is creating an AI team within its Lab126 hardware R&D unit that will help develop an agentic AI framework for use in its robotics operations (www.cnbc.com)
11 days ago Amazon AI Robot

SEC filing: Uber appoints Palo Alto CEO Nikesh Arora to its board of directors following a broader executive shakeup this week (www.cnbc.com)
11 days ago Uber

Kaiko: the USD1 stablecoin launched by Trump's World Liberty Financial is off to a sluggish start, with muted inflows and little organic demand (www.cnbc.com)
12 days ago Trump

How the delivery app Fantuan grew its US presence to 50+ cities since 2019 by focusing on Asian cuisines, with an app design reminiscent of Chinese platforms (www.cnbc.com)
15 days ago China

A profile of DoorDash CEO Tony Xu, who has transformed the once-scrappy delivery startup into a ~$90B industry consolidator through an acquisition spree (www.cnbc.com)
15 days ago Startup

Dell reports Q1 revenue up 5% YoY to $23.4B vs. $23.1B est., Infrastructure revenue up 12% to $10.3B, Q2 revenue forecast above est.; DELL jumps 5%+ after hours (www.cnbc.com)
17 days ago

A federal appeals court grants the Trump administration's request to temporarily pause a lower court ruling that struck down most of President Trump's tariffs (www.cnbc.com)
17 days ago Trump

Job postings: Amazon has a new ZeroOne team focused on inventing “breakthrough” consumer products, and led by former Microsoft executive J Allard (www.cnbc.com)
17 days ago Amazon Microsoft

Filing: virtual chronic care company Omada Health plans to raise up to $158M in its IPO, selling shares for $18 to $20 and aiming for an up to ~$1.1B market cap (www.cnbc.com)
18 days ago IPO

HP reports Q2 revenue up 3.3% YoY to $13.22B, vs. $13.14B est., Personal Systems revenue up 7% to $9B, and Q3 forecast below est.; HPQ drops 15%+ after hours (www.cnbc.com)
18 days ago

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