Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast. Wolfgang Rattay | Reuters Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last years. The company, born from the spinoff of the
Technology
China’s President Xi Jinping (R) met with U.S. Secretary of State Antony Blinken. The U.S. has looked to cut China off from key technologies like advanced semiconductors over the past few years. The two sides likely discussed tech tensions but analysts said not much is likely to change even as the two sides look to
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav Olivia Michael | CNBC Warner Bros. Discovery employees faced another round of layoffs this week, particularly those in the cable-TV network side of the business. The layoffs affected the company’s vast portfolio of cable-TV networks including the Discovery Channel, Investigation Discovery and the
Brad Garlinghouse, chief executive officer of Ripple, speaks during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Saturday, June 11, 2022. Jordan Vonderhaar | Bloomberg | Getty Images Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry
Indian Prime Minister Narendra Modi waves to supporters as he arrives at the Lotte New York Palace hotel in New York City, June 20, 2023. Mike Segar | Reuters As China’s economy falters, top U.S. corporate executives are making it a priority to meet Prime Minister Narendra Modi during his state visit to the White
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Brandon Bell | Getty Images A security researcher who uses the handle “@GreentheOnly” has discovered a secret setting in Tesla vehicles that can be enabled by the
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba announced a major leadership reshuffle on Tuesday, with CEO and Chairman Daniel Zhang planning to step down this year and be replaced by veterans at the Chinese tech giant. Eddie Yongming Wu will step in as CEO, while Joe Tsai will take over
In this article SPOT Follow your favorite stocksCREATE FREE ACCOUNT The collaborative efforts between Spotify and Harry and Meghan has resulted in just one, 12-episode series of the podcast “Archetypes.” Chris Jackson | Chris Jackson Collection | Getty Images Spotify executive Bill Simmons described Prince Harry and Meghan, the Duchess of Sussex, as “grifters” after
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Six years ago, Amazon kicked off a sweepstakes-style contest in search of where to build a second headquarters. The competition drew bids from 238 states, provinces and cities vying to be the next anchor for the nation’s dominant online retailer and second-largest private employer. This
French President Emmanuel Macron attended the country’s premier technology event Viva Tech. Macron told CNBC France will “invest like crazy” into A.I. Nathan Laine | Bloomberg | Getty Images PARIS — France is making a major push to position itself as Europe’s hub for artificial intelligence, throwing its weight behind the fast-growing and much-hyped technology.
Budrul Chukrut | Lightrocket | Getty Images At midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. Dac Croach, who goes by username Dacvak, and the subreddit’s other leaders hit the private button, initiating a 48-hour shutdown for the group’s more than 37 million members, along with anyone else who
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Chesnot | Getty Images Tesla CEO Elon Musk
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT The Cleveland Clinic in Cleveland, Ohio, U.S., on Saturday, Nov. 14, 2020. On Sunday, the Ohio Department of Health reported a total of 298,096 cases in Ohio since the pandemic began, leading to 5,722 deaths and 22,265 hospitalizations. Photographer: Dustin Franz/Bloomberg via Getty Images Bloomberg
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon’s head of worldwide consumer Jeff Wilke unveiled its latest delivery drone at the re:MARS conference in Las Vegas on June 5, 2019. Amazon Amazon doesn’t plan to host its re:MARS conference on cutting-edge technologies like robotics and space this year, the company confirmed on
In this article Follow your favorite stocksCREATE FREE ACCOUNT Huawei is back in the spotlight in Europe after a report suggested Germany may ban some equipment from the Chinese telecommunications giant in its 5G network. Pau Barrena | AFP | Getty Images A top European Union official has called on more EU countries to ban
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Twitter suspended the accounts of Plainsite and its founder Aaron Greenspan, a prolific Tesla and Elon Musk critic, on Tuesday afternoon. Plainsite is an online database that makes state and federal court filings and other public records available
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