In a market that could soon be topping out, the best investment idea right now is cash, according to Dan Niles, founder of Niles Investment Management. The market moved higher on Wednesday, but Microsoft shares fell after The Information reported the company was slashing software sales quotas tied to artificial intelligence. Microsoft denied the report…
File: Then Apple Creative Director Alan Dye celebrates the launch of the July Issue at the new WIRED office on June 24, 2015 in San Francisco, California. Kimberly White | Getty Images Apple‘s head of user interface design, Alan Dye, will reportedly join Meta, in a notable shift of executive talent in Silicon Valley. Apple…
Exterior view of Macy’s herald square store in New York City, on November 28, 2025. Kena Betancur | Afp | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shopping around Macy’s beat Wall…
Filip Kaliszan, CEO of Verkada. Courtesy: Verkada Security technology startup Verkada has reached a $5.8 billion valuation after a new funding round led by CapitalG, Alphabet’s venture capital arm, announced Wednesday. “I think Google saw the opportunity with us in the application of AI and everything we’re driving to apply AI to the physical security…
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Waymo on Wednesday said humans will begin test driving the Alphabet-owned company’s robotaxi vehicles in Baltimore, Pittsburgh and St. Louis. The three cities represent the latest additions to Waymo’s quickly growing list of cities where the Google sister company is…
Key Points Dual sourcing and a localized supply helped Nissan get around the U.S. tariffs on foreign auto imports, Nissan CFO Jeremie Papin, told CNBC. It is working with partners to explore ways to offset the effects tariffs further amid extra capacity at its U.S. plants, Jeremie Papin said. Export controls on critical chips also remains a…
Apple’s latest iPhone models are shown on display at its Regent Street, London store on the launch day of the iPhone 17. Arjun Kharpal | CNBC Apple will hit a record level of iPhone shipments this year driven by its latest models and a resurgence in its key market of China, research firm IDC has…
CrowdStrike on Tuesday evening reported better-than-expected fiscal 2026 third-quarter results and forward guidance. The numbers, however, were not enough to power shares higher, given their roughly 24% advance since the cybersecurity company’s fiscal second-quarter print back in late August. That said, the latest beat and raise should help solidify recent stock gains and set the…
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock. The purchase price could increase to $5.5 billion if Celestial hits revenue milestones,…
OpenAI’s EMEA startups head Laura Modiano spoke at the Sifted Summit on Wednesday, 8 October. Nurphoto | Nurphoto | Getty Images OpenAI’s artificial intelligence chatbot ChatGPT is down for some users. The company said it is “currently experiencing issues,” including “increased ChatGPT error rates,” according to an update on OpenAI’s status page. “We have applied…
