Voahangy Rasetarinera speaks on San Jose bakery loss of thousands of dollars after Tesla cancels large order. Kris Sanchez | NBC Bay Area A catering contract to celebrate Black Heritage Month turned into a tough lesson for a Black-owned bakery in the South Bay earlier this month. What started as […]
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Nvidia shares pop 16% after AI-fueled bumper earnings
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia shares closed up 16% on Thursday, a day after the chip giant posted bumper earnings that beat Wall Street […]
AT&T cellular service restored after daylong outage; cause still unknown
A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images A cellular outage Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. The company said service was […]
Moderna stock jumps after company posts surprise quarterly profit even as Covid vaccine sales plunge
Nikos Pekiaridis | Nurphoto | Getty Images Shares of Moderna closed roughly 13% higher Thursday after the company posted a surprise quarterly profit, boosted by deferred revenue and cost cuts, even as it saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for […]
These Americans bought abandoned homes in Italy for as little as $1 and spent thousands renovating: Was it worth it?
Picture this: A house with extensive mold, water damage, termites and a collapsed roof in a tiny town where you don’t speak the language. Not exactly a prime real estate opportunity, right? For Rubia Daniels, though, the dilapidated building in Sicily also served as an exciting chance to build the […]
Reddit files to list IPO on NYSE under the ticker RDDT
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Reddit said it had $804 million in annual sales for 2023, up 20% from […]
Biden fundraising ‘dream team’ creates $140 million war chest to take on Donald Trump
US President Biden arrives to board Air Force One at Joint Base Andrews in Maryland on December 20, 2023, as he departs for Milwaukee, Wisconsin. Mandel Ngan | Afp | Getty Images President Joe Biden‘s $140 million campaign war chest has been bolstered by a group of loyal advisers and […]
After student loan forgiveness, the Education Dept. is sending some borrowers refunds. What to know
U.S. President Joe Biden delivers remarks at an event at Culver City Julian Dixon Library, in Culver City, California, U.S. February 21, 2024. Kevin Lamarque | Reuters When Marlon Fox, a chiropractor in North Charleston, South Carolina, got his student debt forgiven last year, he was thrilled. His $119,500 balance […]
Investing in Space: Former NASA official explains ‘shots on goal’ approach to cargo moon landings
The surface of the moon, captured by Odysseus’ Terrain Relative Navigation camera from lunar orbit on Feb. 21, 2024. CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates […]
Trump clemency recipient Philip Esformes pleads guilty in Medicare fraud case
Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty Images Philip Esformes on Thursday pleaded guilty to health care fraud, resolving the Justice Department’s years-long effort to prosecute the […]