A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Samsung introduced the fifth generation of its foldable smartphones on Wednesday, seeking to counter a sluggish market for devices and upcoming rival […]
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F1 Academy: All 10 F1 teams to have drivers and liveries for 2024 season in all-female single-seater series
Formula 1 Academy 2023 drivers line up for a group photo at the Red Bull Ring on April 27, 2023 in Spielberg, Austria. Adam Pretty | Formula 1 | Getty Images All 10 current Formula 1 teams will have one driver and have their livery on a car competing in […]
Passed over for another business opportunity? It may be because of your accent
Globally, nearly one in five workers say they’ve been passed over for business trips — not because of costs or lack of seniority, but because of the way they speak. In a survey of 3,850 business travelers in 25 markets, 18% of men and 16% of women said they felt […]
Nissan CEO spots key to cracking ‘challenging’ China market after demand slump
Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing […]
Jim Cramer lists 10 market themes to watch after the Fed’s July hike
CNBC’s Jim Cramer said Wednesday that “parsing the Fed’s move is a mug’s game.” After the Federal Reserve raised rates to their highest level in 22 years, Cramer said investors can use market volatility created by the central bank meeting to buy stocks in line with 10 themes from this […]
Facebook’s ad rebound gives Meta CEO Mark Zuckerberg freedom to pursue far-out bets
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg is once again a fan favorite […]
CME Group CEO Terry Duffy: Manage your risk because everyone I’ve talked to got Fed ‘dead wrong’
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group chairman and CEO Terry Duffy. “Everybody that I’ve talked to over the last year has been dead wrong when it comes to what the Fed was going to do,” Duffy told […]
Meta’s stellar quarter shows Zuckerberg can both monetize and cut costs
Meta Platforms (META) delivered a much better-than-expected second quarter Wednesday, with its robust revenue guidance for the current period further proof the social media giant has made incredible strides monetizing its products even while reining in costs. Revenue for the three months ended June 30 climbed 11% year-over-year, to $32 […]
Amazon cuts jobs at Fresh grocery stores
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon is cutting some jobs at its Fresh grocery stores, CNBC has confirmed. The company said it’s restructuring the in-store staffing and operations model at its Amazon Fresh stores […]
Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year
The Meta Quest Pro. Meta Meta reported second-quarter earnings on Wednesday and said that its Reality Labs unit, which develops virtual reality and augmented reality technologies needed to power the metaverse, logged a $3.7 billion operating loss. The unit recorded $276 million in second-quarter sales, down from the $339 million […]