CNBC

Zuckerberg's Meta layoffs memo: 'Success isn't a given' in the AI era

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In addition to the job cuts, about 7,000 employees will be moved into new AI-focused roles, according to a person familiar with the matter. Other tech ...



Former Cuban President Raul Castro charged with murder in U.S.

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A U.S. Justice Department official told Reuters last week on the condition of anonymity that the charges against him are expected to be based on a 1996 ...



Blackstone to invest $5 billion in AI infrastructure venture with Google

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... sources familiar with the matter. Blackstone did not disclose the venture's ownership structure in its statement, and did not respond to CNBC's request for ...



SpaceX picks Goldman Sachs for lead left position on IPO, sources ...

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SpaceX has picked Goldman Sachs for the lead left position on its IPO prospectus, according to people familiar with the matter. Morgan Stanley comes next, ...



SpaceX picks Goldman Sachs to lead record-breaking IPO, sources ...

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... asked not to be named due to confidentiality. Elon Musk's reusable rocket company is expected to make its prospectus public as soon as Wednesday after ...



Meta's layoffs starting this week underscore Zuckerberg's AI reality

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More layoffs are expected this year, including a potential round in August and another in the fall, according to people with knowledge of the matter. Meta ...



Kentucky Republican Thomas Massie is Trump revenge tour's next ...

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But Feehery and a second Republican operative, who requested anonymity to speak candidly, both predicted that Massie would fall short for not being sufficiently ...



U.S. clears H200 chip sales to 10 China firms as Nvidia CEO looks ...

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Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from President Donald Trump, a source said.



SpaceX IPO prospectus could land as soon as next week, sources say

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Bloomberg reported, citing people familiar with the matter, that the company was targeting a listing size of about $70 billion to $75 billion, well over twice ...



Nvidia's Jensen Huang on China trip: 'Trump asked me to come'

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Huang flew to Alaska to board Air Force One, the source said. In a social media post, Trump confirmed Huang was on board Air Force One and denied that the ...



U.S., EU lawmakers pledge European scrutiny of Paramount's WBD ...

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... a person familiar with the matter. If there were to be an issue with the foreign investment that would impact the overall deal approval, the Ellison family ...



Group led by Egon Durban to buy 25% of Las Vegas Raiders at $9.9 ...

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... according to a person familiar with the deal. The Raiders are valued at $9.3 billion, fourth among the league's 32 teams, in CNBC's Official NFL Team ...



Jensen Huang joins Trump's China trip after the U.S. president ...

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Huang flew to Alaska to board Air Force One, the source said. Trump is bringing more than a dozen U.S. executives to Beijing this week where he is scheduled ...



CNBC Daily Open: Huang on, Nvidia is on the China trip

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... a source familiar with the situation told CNBC. Huang flew to Alaska to board Air Force One, the source said. Trump is bringing more than a dozen U.S. ...



5 things to know before the market opens Wednesday - CNBC

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A source familiar with the situation told CNBC that Trump called Huang to invite him after seeing media coverage of Huang's absence from the delegation.



Cerebras prices IPO above expected range, Wall Street expects AI ...

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... with knowledge of the matter. The deal comes as investors gear up for what's expected to be a very busy year for new AI offerings. The IPO reeled in $5.55 ...



SoftBank has injected $450 million into this British AI chip company

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... asked to remain anonymous as they were not authorized to discuss private details. AI has been a huge area of investment for SoftBank in recent years, as it ...



Dollar higher after inflation data, Iran ceasefire eyed - CNBC

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Japan intervened to ​support the currency two weeks ago, two sources familiar with the matter ‌told Reuters. Sterling weakened 0.65% to $1.3521 as British ...



Laid-off GM employees tell of ominous email, severance and role of AI

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... asked not to be named in order to speak about details that had not been made public. The layoffs came as the automaker reevaluates its workforce needs and ...



GM cutting 500-600 salaried IT workers to cuts costs - CNBC

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The reductions began Monday and will largely impact about 500 to 600 employees in Austin, Texas, and Warren, Michigan, according to a person familiar with the ...



Trump invites Elon Musk, Tim Cook, Larry Fink for Xi China summit

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Ryan McInerney, the official said, speaking on condition of anonymity because the list has not been announced. A spokesperson for Cisco said CEO Chuck ...



Sony Music to buy Recognition Music catalog for $4 billion - CNBC

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The deal was for about $4 billion, a source familiar with the transaction said, adding that the source requested anonymity as the matter was private. Record ...



Cerebras to raise IPO price range to $150-$160 a share - CNBC

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... people familiar with the matter told Reuters on Sunday. The company is considering a new IPO price range of $150 to $160 a share, up from $115 to $125 a ...



U.S., Iran no closer to ending war; Qatari ship nears Strait of Hormuz

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Axios first reported the meeting, adding that envoy Steve Witkoff also attended, citing two sources with knowledge of the matter. A Qatari liquefied natural ...



Hantavirus outbreak: Little chance says Kalshi - CNBC

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A former Centers for Disease Control and Prevention official and another person familiar with the matter told CNBC this week that six states are monitoring ...



EU mulls restricting use of U.S. cloud for sensitive government data

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The European Union is considering rules that would restrict its member governments' use of U.S. cloud providers to handle sensitive data, sources familiar with ...



Boeing, Citigroup CEOs set to join Trump on China visit next week

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Citigroup CEO Jane Fraser has also been invited on the trip and plans to go, a person familiar with the matter said. Trump is currently set to meet with ...



Dollar drops as optimism grows for U.S.-Iran deal; yen surge ... - CNBC

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The Axios report had cited two U.S. officials ⁠and two other sources familiar with the discussions. The yen rose by as much as 1.8% earlier in a swift move ...



FanDuel CEO Amy Howe out after five years at the sportsbook - CNBC

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Amy Howe is out as FanDuel CEO, people familiar with the matter told CNBC. Christian Genetski, FanDuel president, will step in. Howe took the helm in 2021 ...



Warsh's take on Fed independence is met with confusion, concern

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Concern about Fed balance sheet. "In the worst outcome," said another former Fed official, who also spoke on condition of anonymity to speak candidly, "the ...



OPEC+ set for another oil output quota hike despite Hormuz closure

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... sources said ahead of a policy meeting on Sunday. The seven members meeting on Sunday are Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman ...



'Godspeed my friend': Inside the final hours of Spirit Airlines - CNBC

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... person familiar with the matter. Bondholders sent a letter to Spirit's board, confirming that the end was near. Terminals go quiet. A self-check-in kiosk at ...



Apollo Sports Capital, Tom Dundon make $225M pickleball investment

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The raise values Pickleball Inc. at $750 million, according to a person familiar with the matter, who asked to remain unnamed because they were not authorized ...



Yen jumps as Japan threatens more intervention - CNBC

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Two sources familiar with the matter told Reuters that officials had intervened to buy the yen on Thursday after it hit 160.7 to the dollar, its weakest ...



Spirit Airlines shuts down after failing to secure a bailout - CNBC

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The sources requested anonymity because they weren't authorized to speak about the discussions. The airline had expected to emerge from bankruptcy ...



SoftBank eyes listing new AI and robotics firm Roze in the U.S., FT ...

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... anonymous sources familiar with the matter. SoftBank founder and Chief Executive Masayoshi Son is driving the effort, with executives reportedly targeting a ...



CNBC Daily Open: Trump's big threats and Big Tech's bigger wallets

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... a person familiar with the matter. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Large ...



European markets rebound as oil prices fall; BOE and ECB hold rates

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... with knowledge of the matter. Read more. Brent crude hits wartime high, nearing $125, as U.S. military to reportedly brief Trump on action against Iran.



Brent oil falls after surging to wartime high - CNBC

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... with knowledge of the matter. Trump had earlier reportedly rejected Tehran's proposal to reopen the Strait of Hormuz, signaling the naval blockade will ...



Treasury yields tick lower as oil falls; Q1 GDP misses estimate - CNBC

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... with knowledge of the matter. Earlier reports said Trump had rejected Tehran's proposal to reopen the Strait of Hormuz, signaling the naval blockade will ...



Saudi PIF to end funding of LIV Golf league after 2026 season - CNBC

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... asked not to be named because the matter is internal. On Thursday, LIV Golf will announce details of its strategic path forward, according to a person ...



PayPal makes Venmo a standalone business unit as potential ...

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... asked not to be named because they weren't authorized to speak publicly. The other two segments will be a PayPal-branded business for merchants and consumers ...



Anthropic weighs raising funds at $900B valuation, topping OpenAI

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No term sheet has been signed and talks are ongoing, said the person who asked not to be named because the discussions are private. An Anthropic ...



James Comey faces Trump threat seashells indictment - CNBC

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Comey, in that case, was accused of lying to the Senate Judiciary Committee in 2020 when he denied authorizing someone else at the FBI to be an anonymous source ...



Asia-Pacific markets: Nikkei 225, Kospi, Hang Seng Index - CNBC

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Oil climbed after Axios, citing two sources with knowledge of the matter, reported that the U.S. Central Command was set to present U.S. President Donald ...



OpenAI's revenue, growth estimates fall short: Report - CNBC

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... sources familiar with the matter. According to the report, Friar is working with other executives to clamp down on costs as the board of directors more ...



Pentagon AI chief confirms work with Google after Anthropic blacklist

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The DOD has tapped Google's Gemini for classified work, according to a person familiar with the matter. In this article. GOOGL. Follow your favorite stocks ...



Tech hyperscalers Q1 earnings after Iran war lifts energy, AI prices

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Amazon Web Services has no plans to raise prices despite confronting increased costs, according to a person familiar with the matter who asked not to be ...



U.S. crude oil tops $100 after Trump dissatisfied with Iran proposal

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Trump told his advisors that he is not satisfied with Iran's proposal to open the strait and end the war, multiple people briefed on the matter told The New ...



U.S.-Iran peace talks stall. What's next for global markets - CNBC

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... with knowledge of the matter. Amid lingering uncertainty over the critical energy waterway and the Iran war, oil prices inched higher Monday, reinforcing a ...

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