Economy
Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon’s cloud boss on Thursday gave employees a frank message about the company’s recently announced five-day in-office mandate.Staffers who don’t agree with Amazon’s new policy can leave, Amazon Web Services CEO Matt Garman said during an…
Oscar winning actor Al Pacino didn’t get into acting for the money.So when the now-84-year-old started amassing millions from his roles in noteworthy films like “The Godfather” and “Scarface,” he didn’t keep a close eye on where it was going, he writes in his new memoir, “Sonny Boy.””I didn’t understand…
A general view of Huntington Bank Field during an NFL football game between the Cleveland Browns and the New York Giants in Cleveland on Sept. 22, 2024.Kirk Irwin | APThe National Football League’s Cleveland Browns are leaving the shores of Lake Erie.The Browns plan to leave their current open-air stadium…
Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. The company also said its ad-tier…
Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” WLF said the…
With the Federal Reserve now cutting interest rates, investors are looking for stocks that can be super-charged by lower borrowing costs. That has led many investors to look beyond the biggest companies in the world to other parts of the market that have been lagging. The Russell 2000 is one…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Chips bounce back: The S & P 500 is on pace to make yet another new record high Thursday. Semiconductor stocks…
Prabhakar Raghavan, senior vice president at Google, speaks during the US Conference of Mayors Winter Meeting in Washington, DC, US, on Wednesday, Jan. 17, 2024. Julia Nikhinson | Bloomberg | Getty ImagesGoogle is replacing Prabhakar Raghavan, the company’s search and ads boss, with longtime Google executive Nick Fox.The move was announced…
Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong AI-related demand. Shares of chip giants Nvidia and Micron…
Maybe the AI boom isn’t petering out after all. The news Taiwan Semiconductor Manufacturing Company on Thursday reported strong third-quarter results fueled, in part, by artificial intelligence processors. Per-share profit at the world’s largest third-party chip producer jumped 54% from the year-ago period. Sales rose 36%. TSMC shares that trade…