Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Last year at this time, Meta was navigating a crisis of confidence that had pushed its stock price to its lowest since 2016. Sales were … Read more
It’s no secret that battles among the major streaming players have been heating up. But a big acquisition by Disney underscores how the incumbents are trying to take the next steps to win the war. Earlier this month, Disney began rolling out a Hulu integration through its Disney+ streaming platform in a broader push to … Read more
DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the … Read more
CNBC’s Jim Cramer highlighted some stocks that benefited from the dovish Federal Reserve meeting on Wednesday, and outside of Tesla, none were members of the Magnificent Seven that have managed to go against the downward market trends. “And it left a host of new winners in its path, winners that had been total losers until … Read more
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during the Intel AI Everywhere launch event in New York, US, on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel unveiled new computer chips on Thursday, including Gaudi3, an artificial intelligence chip for generative AI software. Gaudi3 will launch next year … Read more
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk’s X has been hit with a complaint from privacy activist Max Schrems, which alleges the platform broke the European Union’s hard-hitting privacy rules. … Read more
Products are seen on a conveyor belt at an Amazon fulfillment center where they are being sorted and shipped out as same day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center on November 27, 2023 in Tampa, Florida. Octavio Jones | Getty Images News | Getty Images Europe’s top court on Thursday … Read more
European equities are set to outperform the U.S. in the first half of 2024 — but they need to get through some near-term headwinds first, strategists told CNBC. “We are generally quite positive on next year,” Maximilian Uleer, head of European equity and cross-asset strategy at Deutsche Bank, told “Squawk Box Europe” on Wednesday. “Three … Read more
Tech stocks have soared this year, with chip designer Broadcom nearly doubling year to date, and iPhone maker Apple and software and cloud giant Microsoft soaring more than 50% each. New developments supported all three Club names Wednesday. Here are the headlines and how we feel about each stock. Analysts at Bank of America kept … Read more
