Articles from www.cnbc.com

Articles from www.cnbc.com

Temu stops shipping products from China directly to US shoppers and lists only products shipped from US warehouses, as Trump closes the de minimis exemption (www.cnbc.com)
5 hours ago Trump China

Uber partners with Chinese self-driving startup Momenta to launch robotaxi services outside the US and China, starting with Europe in early 2026 (www.cnbc.com)
8 hours ago China Europe Uber Startup

A US judge schedules the US government's remedies trial in the Google antitrust case regarding its advertising tech to begin on September 22 (www.cnbc.com)
8 hours ago Google

Block reports Q1 revenue down 3% YoY to $5.77B, vs. $6.2B est., gross profit up 9% to $2.3B, below est., issues weak profit guidance; XYZ drops 15%+ after hours (www.cnbc.com)
1 day ago

Apple Q2: iPhone up 2% YoY to $46.84B, vs. $45.84B est., Mac up 7% to $7.95B, iPad up 15% to $6.4B, and Wearables, Home, and Accessories down 5% to $7.52B (www.cnbc.com)
1 day ago iPhone Apple iPad

Reddit reports Q1 revenue up 61% YoY to $392M, vs. $370M est., global daily active uniques up 31% to 108.1M, Q2 guidance above est.; RDDT jumps 15%+ after hours (www.cnbc.com)
1 day ago Reddit

Airbnb reports Q1 revenue up 6% YoY to $2.27B, vs. $2.26B est., Gross Booking Value up 7% YoY to $24.5B, in line with est., and forecasts Q2 revenue below est. (www.cnbc.com)
1 day ago Airbnb

Amazon reports first-quarter earnings after the bell (www.cnbc.com)
1 day ago Amazon

Amazon reports Q1 ad revenue up 18% YoY to $13.92B, vs. $13.74B est., and subscription services revenue up 9% YoY to $11.72B (www.cnbc.com)
1 day ago Amazon

Nvidia says Anthropic is telling “tall tales” after the startup argued for tighter export controls by saying China is smuggling chips in “prosthetic baby bumps” (www.cnbc.com)
1 day ago China Startup Nvidia

Epic v. Apple: a judge says Phil Schiller wanted Apple to comply with the court order, but Tim Cook ignored him, and its finance VP “outright lied under oath” (www.cnbc.com)
2 days ago Apple Tim Cook

Meta's Reality Labs posts Q1 revenue down 6% YoY to $412M, vs. $492.7M est., and a $4.2B operating loss, vs. $4.6B est.; Reality Labs has lost $60B+ since 2020 (www.cnbc.com)
2 days ago

Meta shares rise on stronger-than-expected revenue for the quarter (www.cnbc.com)
2 days ago

Microsoft Q3: Intelligent Cloud revenue up 21% YoY to $26.75B, vs. $26.16B est., Azure and other cloud services up 33%, above est.; MSFT jumps 5%+ after hours (www.cnbc.com)
2 days ago Microsoft

Waymo and Toyota announce a preliminary partnership aiming to develop an autonomous vehicle platform and enhance next-generation personally-owned vehicles (www.cnbc.com)
3 days ago Toyota Autonomous Car

Supermicro reports preliminary Q3 revenue of $4.5B to $4.6B, vs. $5.5B est., earnings per share of $0.29 to $0.31, vs. $0.54 est.; SMCI drops 16%+ after hours (www.cnbc.com)
3 days ago

Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., and declines to provide guidance, citing macroeconomic uncertainties; SNAP drops 12%+ after hours (www.cnbc.com)
3 days ago

SoFi plans to bring back crypto investing in 2025; SoFi chose to drop it in 2023 to get a bank charter, forcing users to Blockchain.com or to liquidate holdings (www.cnbc.com)
3 days ago Blockchain

NXP says CEO Kurt Sievers will retire at 2025's end, names Rafael Sotomayor as president, reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+ after hours (www.cnbc.com)
4 days ago

Temu adds “import charges” of between 130% and 150% “due to recent changes in global trade rules and tariffs”; Shein also hikes prices but without explicit fees (www.cnbc.com)
4 days ago

Meta and Booz Allen partner to deploy Space Llama, a fine-tuned version of Llama 3.2, for research aboard the International Space Station National Laboratory (www.cnbc.com)
7 days ago

Alphabet reports Google Cloud Q1 revenue up 28% YoY to $12.26B, vs. $12.27B est., and says AI Overviews now has 1.5B users per month, up from 1B in October (www.cnbc.com)
8 days ago Google AI Alphabet

Motorola's new Razr phones will include Perplexity's AI search engine, as part of a distribution partnership that lets Perplexity gain users rather than revenue (www.cnbc.com)
8 days ago AI

ServiceNow reports Q1 revenue up 19% YoY to $3.09B and gives an upbeat forecast; its CEO says it had “very positive” discussions with DOGE; NOW jumps 14%+ (www.cnbc.com)
8 days ago

Revolut reports 2024 revenue up 72% YoY to £3.1B, net profit up 149% YoY to £1.1B, and wealth unit revenue up 298% YoY to £506M; its loan book grew 86% to £979M (www.cnbc.com)
8 days ago

SK Hynix reports Q1 revenue up 42% YoY to ~$12.4B, vs. ~$12.1B est, and operating profit up 158% YoY to ~$5.2B, vs. ~$4.6B est., on demand for its HBM chips (www.cnbc.com)
9 days ago

IBM reports Q1 revenue up 0.6% YoY to $14.54B, vs. $14.4B est., software revenue up 7% to $6.34B, and maintains its full-year forecast (www.cnbc.com)
9 days ago IBM

Internal documents: several Google units have notified remote workers that their jobs will be in jeopardy if they don't show up at the office three days a week (www.cnbc.com)
9 days ago Google

The US FTC sues Uber, claiming the company charged for Uber One without consent, made it difficult to cancel, and failed to deliver promised savings (www.cnbc.com)
11 days ago Uber

Global Payments shares plunge 15%+ and FIS shares jump 9%+ after Global Payments said it's buying Worldpay from FIS and GTCR and selling Issuer Solutions to FIS (www.cnbc.com)
15 days ago

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