In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocket | Getty Images Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of
Technology
In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Silicon Valley Bank has long been considered the lifeblood for tech startups, providing traditional banking services while funding projects and companies deemed too risky for traditional lenders. Billions of dollars in venture capital flow into and out of the bank’s coffers. But the 40-year-old firm’s
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Chesnot | Getty Images Apple announced Thursday that it will launch a standalone app called Apple Music Classical, which will be available at no added cost to existing Apple Music subscribers, on March 28. Apple said the catalog will include over five million unique tracks
In this article SI Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images Silvergate Capital, a central lender to the crypto industry, said on Wednesday that it’s winding down operations and liquidating its bank. The stock plunged more than 36% in after-hours trading. Silvergate has served as one of the two
Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Elon Musk on Tuesday backed down from his attacks on a disabled Twitter employee who was laid off by the company and apologized for what he called a “misunderstanding.” On Tuesday, the Twitter CEO questioned the work performance of Haraldur Thorleifsson — who goes by “Halli”
U.S. Senator Mark Warner (D-VA) and other U.S. senators unveil legislation that would allow the Biden administration to “ban or prohibit” foreign technology products such as the Chinese-owned video app TikTok during a news conference on Capitol Hill in Washington, March 7, 2023. Bonnie Cash | Reuters The White House threw its support behind a
In this article NVDA MBG-DE TSLA MSFT Follow your favorite stocksCREATE FREE ACCOUNT For about a quarter century, Nvidia has been leading the revolution in computer graphics, becoming a beloved brand by gamers along the way. Nvidia dominates the market for graphics processing units (GPUs), which it entered in 1999 with the GeForce 256. Gaming
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Google CEO Sundar Pichai defended the cloud unit’s new desk-sharing policy for employees, describing some of
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A drivers uses a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Tesla cut prices on its two most expensive models in the U.S., the Model S and Model X, in a
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marc Benioff of the United States, Chairman and CEO of Salesforce.com, delivers a speech at the World Economic Forum in Davos, Switzerland, on January 22, 2020. Fabrice Coffrini | AFP | Getty Images Workers at Salesforce, all the way up to co-founder and CEO Marc
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta will slash the prices of its Quest 2 and high-end Quest Pro headsets, the company announced Friday. The price of the 256GB Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will be slashed to
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are continuing to deal with the fallout from last month’s
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT After more than a year in beta, Amazon opened their cashier-less grocery store to the public Stephen Brashear | Getty Images Amazon plans to close eight of its Go convenience stores, the company said Friday, a decision that coincides with a pullback in its physical
Reid Hoffman, co-founder of LinkedIn Corp., leaves the stage after speaking during the Bridge Forum in San Francisco, California. David Paul Morris | Bloomberg | Getty Images LinkedIn founder and Greylock partner Reid Hoffman is leaving the nonprofit board of OpenAI, he announced in a post on Friday. Hoffman cited a desire to invest in
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon HQ2 rendering showing the Helix, which includes work space, will also be open to the public select weekends every month. Courtesy: NBBJ Amazon is pausing construction of its second headquarters, dubbed HQ2, in Virginia, the company confirmed to CNBC. John Schoettler, Amazon’s real estate
In this article ERIC.B-SE Follow your favorite stocksCREATE FREE ACCOUNT Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Swedish telecommunications giant Ericsson agreed to pay a $206 million penalty and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Tesla shares continued sliding Thursday morning, a movement that began the prior day during Tesla’s Investor Day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric-vehicle manufacturer’s
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks at Tesla’s 2023 investor day on March 1. Screenshot Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Activist investor Elliott Management has nominated a slate of directors for Salesforce‘s board, sources told CNBC’s David Faber Wednesday. The nominating window closes March
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Chinese state-run newspaper issued a warning to Tesla CEO Elon Musk after he shared reporting on the U.S. Department of Energy’s “low confidence” assessment that the global Covid pandemic originated in a Wuhan laboratory. CNBC’s Eunice Yoon reported Tuesday morning on the warning from
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