Articles from www.cnbc.com

Articles from www.cnbc.com

Tim Cook says Apple is “significantly growing” investment in AI and reassigning staff to work on AI features, while remaining “very open to M&A” (www.cnbc.com)
7 hours ago AI Apple Tim Cook

Coinbase reports Q2 revenue up 3% YoY to $1.5B, vs. $1.6B est., and retail trading volume up 16% to $43B, vs. $48.05B est.; COIN drops 6%+ after hours (www.cnbc.com)
10 hours ago Retail Coinbase

Apple reports Q3 revenue up 10% YoY to $94B, its largest quarterly growth since December 2021, net income up 9% to $23.4B, and China net sales up 4% to $15.4B (www.cnbc.com)
11 hours ago China Apple

Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B (www.cnbc.com)
11 hours ago Amazon

Amazon reports Q2 AWS revenue up 17.5% YoY to $30.9B, vs. $30.8B est., and AWS operating income up 8.8% YoY to $10.2B (www.cnbc.com)
11 hours ago Amazon

Coinbase says its new “everything exchange” will include tokenized assets, stocks, derivatives, prediction markets, and more, for US users in the coming months (www.cnbc.com)
11 hours ago Asset Coinbase

The US SEC launches Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading (www.cnbc.com)
12 hours ago

Figma opens at $85 on the NYSE, after selling shares at $33 in its IPO, hitting a ~$50B valuation, more than a year after Adobe's $20B failed acquisition (www.cnbc.com)
14 hours ago IPO Adobe

Microsoft's FY 2025 report excludes the names of rivals, breaking from a common industry practice; its last report designated 25+ companies as competitors (www.cnbc.com)
15 hours ago Microsoft

Roblox reports Q2 revenue up 21% YoY to ~$1B, Bookings up 51% YoY to ~$1.4B, above $1.24B est., and DAUs up 41% YoY to 111.8M, above 106M est.; RBLX jumps 15%+ (www.cnbc.com)
17 hours ago

Trump signs an EO ending the de minimis exemption for packages worth $800 or less from all countries, after shuttering the loophole for goods from China in May (www.cnbc.com)
22 hours ago Trump China

Microsoft became the second company to surpass $4T in market cap, joining Nvidia, after shares jumped 8%+ in after-hours trading on better-than-expected results (www.cnbc.com)
1 day ago Microsoft Nvidia

Samsung reports Q1 revenue up 0.7% YoY to $53.7B, vs. $53.6B est., operating profit down 55% YoY to $3.4B, vs. $3.8B est., with chips operating profit down ~94% (www.cnbc.com)
1 day ago Samsung

Meta expects 2025 capital expenditures to be between $66B and $72B, raising the low end of the company's previous estimate of $64B to $72B (www.cnbc.com)
1 day ago

Figma priced its US IPO at $33 per share, above its expected range of $30 to $32, raising $1.2B in the offering and valuing the company at $19.3B (www.cnbc.com)
1 day ago IPO

Meta's Reality Labs posts Q2 revenue up 5% YoY to $370M, vs. $381M est., and operating loss of $4.53B, vs. $4.99B est.; Reality Labs has lost $70B+ since 2020 (www.cnbc.com)
1 day ago

Qualcomm reports Q3 revenue up 10% YoY to $10.37B, vs. $10.35B est., and handsets revenue up 7% to $6.33B, vs. $6.44B est.; QCOM drops 4%+ after hours (www.cnbc.com)
1 day ago

Robinhood reports Q2 revenue up 45% YoY to $989M vs. $908M est., net income up 105% YoY to $386M, funded customers grew by 2.3M to 26.5M (www.cnbc.com)
1 day ago

Sources: Mark Zuckerberg mulls more shake-ups to Meta's AI strategy; he lost faith in Meta's AI team during the controversy over allegations it gamed benchmarks (www.cnbc.com)
2 days ago AI Zuckerberg

Block-owned Cash App unveils Pools, a new peer-to-peer feature for group payments, and says users can accept contributions via Apple Pay or Google Pay, a first (www.cnbc.com)
2 days ago Google Apple Apple Pay

Apple plans to open the Apple Manufacturing Academy in Detroit in August, run by Michigan State University, as Trump ramps up pressure to invest in the US (www.cnbc.com)
2 days ago Trump Apple Manufacturing Detroit

PayPal reports Q2 net revenue up 5% YoY to $8.3B, vs. $8.08B est., TPV up 6% YoY to $443.5B, transactions down 5% YoY to 6.2B, active accounts up 2% YoY to 438M (www.cnbc.com)
2 days ago

Z.ai, formerly known as Zhipu and which has raised $1.5B from Tencent and others, releases GLM-4.5, an open source AI model that's cheaper to use than DeepSeek (www.cnbc.com)
3 days ago AI Tencent

Palantir becomes the 20th most valuable US company, after its stock more than doubled in 2025, giving it a market cap of $375B (www.cnbc.com)
6 days ago

Intel cancelled planned fab projects in Germany and Poland, and will consolidate its testing and assembly operations in Vietnam and Malaysia (www.cnbc.com)
7 days ago Germany Intel Malaysia Poland Vietnam

London-based stock trading app Lightyear, which operates in 25 European countries, raised $23M led by NordicNinja, sources say at a $200M-$300M valuation (www.cnbc.com)
8 days ago Europe London

ServiceNow reports Q2 revenue up 22.5% YoY to $3.22B, vs. $3.12B est., and net income up 47% YoY to $385M, fueled by AI growth; NOW jumps 7%+ after hours (www.cnbc.com)
8 days ago AI

SK Hynix reports Q2 revenue up 35% YoY to ~$16.2B vs. ~$14.9B est., operating profit up 68% to ~$6.7B vs. ~$6.5B est., and expects sustained HBM demand in 2025 (www.cnbc.com)
8 days ago

Alphabet reports Google Cloud Q2 revenue up 32% YoY to $13.62B, vs. $13.11B est., and raises its 2025 capex forecast to $85B, up from $75B in February (www.cnbc.com)
8 days ago Google Alphabet

Goldman Sachs and BNY partner to let institutional investors purchase tokenized money market funds, with ownership recorded on Goldman's blockchain platform (www.cnbc.com)
8 days ago Blockchain Goldman

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