Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday

Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing and its … Read more

Microsoft (MSFT) Q1 earnings report 2025

Microsoft (MSFT) Q1 earnings report 2025

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company event on AI technologies in Jakarta, Indonesia, on Tuesday, April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft reported an earnings and revenue beat for the fiscal first quarter, as the company’s Azure cloud infrastructure business grew faster than predicted. Here’s how … Read more

Google CFO says company can ‘push a little further’ in cost savings

Google CFO says company can ‘push a little further’ in cost savings

Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli Lilly Eli Lilly For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. On Tuesday, Porat’s successor, Anat Ashkenazi, made her earnings … Read more

AI boom thrusts Europe between power-hungry data centers, environmental goals

AI boom thrusts Europe between power-hungry data centers, environmental goals

A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images The boom in artificial intelligence is ushering in an environmentally conscious shift in how data centers operate, as European developers face pressure to lower the water temperatures of their energy-hungry facilities to accommodate the higher-powered chips of … Read more

Alphabet shares rise on earnings beats boosted by cloud revenue

Alphabet shares rise on earnings beats boosted by cloud revenue

Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines with strong revenue growth from the company’s cloud unit. … Read more

Tesla investors have questions for Musk about his activism for Trump

Tesla investors have questions for Musk about his activism for Trump

Tesla and SpaceX CEO Elon Musk speaks with former president Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa.  Jabin Botsford | The Washington Post | Getty Images As Tesla prepares for quarterly results Wednesday, many investors have one big issue on their minds: Donald Trump. On a … Read more

High interest rate worries pressure stocks

High interest rate worries pressure stocks

Traders work on the floor at the New York Stock Exchange on March 5, 2024. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more

Amazon to shut down speedy brick-and-mortar ‘Today’ delivery service

Amazon to shut down speedy brick-and-mortar ‘Today’ delivery service

Amazon Flex driver Ricardo Escalona works to deliver his same-day orders during Cyber Monday from an Amazon fulfillment center in Tampa, Florida, on Nov. 27, 2023. Octavio Jones | Getty Images News | Getty Images Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. The company … Read more

Generative AI startups get 40% of all VC investment in cloud: Accel

Generative AI startups get 40% of all VC investment in cloud: Accel

Style-photography | Istock | Getty Images Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel. In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., … Read more

European founders call for single EU startup body to boost tech sector

European founders call for single EU startup body to boost tech sector

Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti | Bloomberg | Getty Images Founders of some of Europe’s largest technology unicorns on Monday backed an open letter calling for a “tech renaissance” fueled by the creation of a single pan-European entity to promote startups and innovation in … Read more