In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported […]
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Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world’s richest men. Cooper Neill | Getty Images Sport […]
OpenAI just revealed new software that lets you create realistic video by simply typing a descriptive sentence
A Samoyed and a Golden Retriever dog are playfully romping through a futuristic neon city at night. OpenAI OpenAI, which burst into the mainstream last year thanks to the popularity of ChatGPT, is bringing its artificial intelligence technology to video. The company on Thursday introduced Sora, its new generative AI […]
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | Reuters Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% […]
Trump DA Fani Willis lashes out from witness stand as judge considers whether to disqualify her
Fulton County District Attorney Fani Willis speaks at a press conference next to prosecutor Nathan Wade after a grand jury brought back indictments against former President Donald Trump and his allies in their attempt to overturn the state’s 2020 election results, in Atlanta on Aug. 14, 2023. Elijah Nouvelage | […]
Trade Desk shares soar on revenue beat and strong guidance
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue. Here’s what analysts were expecting: Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly […]
MrBeast brings in $700 million a year but says he’s not rich: ‘I’ve reinvested everything to the point of stupidity’
There’s no disputing that MrBeast makes a lot of money. The YouTuber — real name Jimmy Donaldson — rakes in hundreds of millions of dollars from his YouTube channel and Feastables food brand. But despite bringing in revenue between $600 million and $700 million each year, Donaldson says he’s not […]
Investing in Space: The role of Starlink in limiting space debris
The upper stage of a Falcon 9 rocket deploys a stack of Starlink “V2 Mini” satellites in orbit. SpaceX 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 […]
DWAC shares soar as merger with Trump social media company appears closer
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shares of Digital World Acquisition Corp. jumped 16% on Thursday after the special […]
Shake Shack stock surges 26% on fourth-quarter profit, strong 2024 outlook
The Chicken Shack sandwich from Shake Shack. Shake Shack Stock Chart IconStock chart icon Shake Shack stock. Here’s how the company performed during the period, compared with estimates from LSEG, formerly known as Refinitiv: Earnings per share: 2 cents vs. 1 cent expected Revenue: $286.2 million vs. $280.3 million expected For the […]