Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings, but Apple showed a 13% decline in […]
CNBC News
Wilson tennis racket maker Amer Sports rises 3% in tepid market debut
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc’teryx, made a muted debut on the public markets Thursday, as shares rose 3% after it […]
Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta continues to sink billions of dollars a quarter into developing the metaverse, and is just now facing its […]
Peloton shares plummet 24% as fitness company gives dismal outlook
Shares of Peloton plunged on Thursday after the fitness company warned investors it is still months away from growing sales or turning a profit. The retailer posted mixed results for its holiday quarter, as it lost slightly more money than Wall Street expected but beat revenue estimates. Peloton also forecast […]
Amazon announces AI shopping assistant called Rufus
An illustrative image of the Amazon shopping app seen on a mobile phone screen in front of an old, left, and a new, right, Amazon shopping app icon displayed on a screen. Artur Widak | NurPhoto | Getty Images Amazon on Thursday announced a new artificial intelligence assistant for shopping […]
Ad giant Publicis paying $350 million to settle U.S. opioid crisis claims
A sign for Publicis Groupe SA is seen at their headquarters in Paris, France, on Sunday, July 28, 2013. Balint Porneczi | Bloomberg | Getty Images The health-care division of French ad giant Publicis agreed to pay $350 million to settle claims that its past marketing efforts for drugmakers helped […]
Formula 1 star Lewis Hamilton to leave Mercedes for Ferrari after 2024 season
Lewis Hamilton ahead of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates, on Nov. 26, 2023. Nurphoto | Nurphoto | Getty Images Seven-time Formula 1 world champion Lewis Hamilton will leave Mercedes for Ferrari at the end the 2024 season in […]
Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc’teryx, debuted on the public markets Thursday with a 5% pop after pricing […]
Zoom is cutting about 150 jobs, or close to 2% of its workforce
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for […]
Amazon set to report fourth-quarter earnings after the bell
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon is slated to report fourth-quarter earnings Thursday after the closing bell. Here’s what analysts are projecting: Earnings per share: 80 cents, according to LSEG, […]