Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 7% on Thursday morning. Here’s how the company did: Earnings per share: $1.20 vs. 41 cents expected by LSEG. Revenue: $11.19 billion vs. $10.98 billion expected […]
Super Micro auditor resigns after raising concerns months earlier
Sopa Images | Lightrocket | Getty Images Super Micro’s shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was “unwilling to be associated with the financial […]
Bitcoin tops $70,000 for the first time since June
Omer Taha Cetin | Anadolu | Getty Images Bitcoin climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The price of bitcoin was last higher by about 2% at $71,048.36, according to Coin Metrics. Ether jumped 5%. Stocks tied to the price of the cryptocurrency […]
Wise’s billionaire CEO fined £350,000 by regulators over tax issue
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images LONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. Käärmann, who co-founded Wise in […]
Delta suit against CrowdStrike after IT outage caused cancellations
People looking for missing bags wait in line to speak with Delta Air Lines baggage in the Delta Air Lines baggage claim area Los Angeles International Airport (LAX) on July 24, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Delta Air Lines on Friday filed a lawsuit against CrowdStrike in […]
How I turned ChatGPT into my tour guide in Italy
Traveling through Italy, I used ChatGPT as a tour guide for the moments where my mom and I wandered into interesting little corners, alleys and buildings where our curiosity was piqued with no tour guide around. Salvador Rodriguez/CNBC As I stood with my mom under the blistering sun in Rome waiting for our audio tour […]
Amazon turns to team of ex-prosecutors to try to fight counterfeiters
In 2018, police showed up at a nondescript industrial warehouse in New York’s Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for knockoff military gear as part of an investigation into a distributor, called California Surplus, that had secured a $20 million contract to supply the U.S. military with specialized uniforms. They’d […]
Nvidia boosts India push with Hindi language model and parnterships
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world’s biggest […]
Inside the fall of 23andMe
Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq after all of its independent board members resigned in September. So what happened? Founded in 2006, 23andMe set out to revolutionize the once very exclusive genetic testing business with a direct-to-consumer model. Thanks […]
SAP CEO urges Europe not to regulate AI, says will put region behind
Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP’s financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. – German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead. Daniel Roland | […]