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 Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research […]
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Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns
Containers are piled up in Lisbon, Portugal, on January 13, 2024. Recent U.S. and UK air strikes on Yemen are causing global shipping rates to spike, sparking fears of extended disruptions in the Red Sea, a crucial trade route. The strikes are a response to attacks on the Red Sea, […]
Tax identity theft ‘continues to be a huge problem,’ expert says. Here’s how to protect yourself
5M3photos | Moment | Getty Images As the start of tax season approaches, experts are warning filers about tax-related identity theft, an issue that often halts returns and delays refunds. Tax identity theft happens when criminals use your personal information to file a return in your name and claim your […]
Amazon’s latest layoffs hit its Buy with Prime unit
A worker delivers Amazon packages in San Francisco on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images Amazon is laying off some employees in its Buy with Prime unit, the company confirmed, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of […]
Investing in Space: Pentagon’s satellite constellation awards near $10 billion
A view of SpaceX and U.S. Space Force compound at Cape Canaveral Space Force Station in Florida, United States on December 18, 2021. Yasin Ozturk | Anadolu Agency | Getty Images CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your […]
Nelson Peltz is launching a blitz on Disney. Here’s what he says is next in his proxy fight
Activist investor Nelson Peltz. David A. Grogan | CNBC Disney and its investors are going to start hearing a lot from activist investor Nelson Peltz. In the coming weeks, Peltz’s Trian Fund Management plans to post on X, formerly known as Twitter, and add content to its website RestoreTheMagic.com as […]
Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering. Angela Weiss | Afp | Getty Images Birkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report […]
The No. 1 challenge Fortune 500 execs say they’re facing with employees right now, according to new research
Executives are more concerned about employee productivity than about getting them back to the office, according to new research from Atlassian. In September, the Australian software company asked 100 Fortune 500 and 100 Fortune 1000 executives what their biggest organizational challenge is, and nearly half (43%) said low productivity. Only […]
Judge loses patience with Trump lawyer in E. Jean Carroll sex assault defamation trial
Former U.S. President Donald Trump’s lawyer Alina Habba cross examines E. Jean Carroll before Judge Lewis Kaplan during the second civil trial where Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 18, 2024 in this courtroom sketch. Jane Rosenberg | […]
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank’s goal. Bostic, a voting member this […]