Technology

Jason Gorevic, CEO, Teladoc Scott Mlyn | CNBC Teladoc Health on Friday announced the sudden departure of CEO Jason Gorevic, who is leaving his role as head of the company effective immediately, according to a release. The company’s board of directors has temporarily appointed Mala Murthy, chief financial officer, as Gorevic’s replacement and hired an

A general view of the exterior of the headquarters of Norfolk Southern on April 1, 2023 in Atlanta, Georgia.  Icon Sportswire | Getty Images Norfolk Southern is almost two months into a battle with activist investor Ancora, which is trying to shake up the railroad’s board and oust CEO Alan Shaw. Now the firm is

Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021. Vcg | Visual China Group | Getty Images Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year. The company, which trades as Hon Hai Precision

For almost a year, Twilio has been under pressure from activist investors, who have urged the software vendor to shake up its board and even seek a potential sale of the company. Twilio founder and longtime CEO Jeff Lawson resigned in January. Anson Funds, the activist group that’s been vocally pushing for change at the

Google filed a lawsuit on Thursday against a group of crypto scammers, alleging they defrauded more than 100,000 people across the globe by uploading fraudulent investment and crypto exchange apps to Google Play.  Google says it’s the first tech company to take action against crypto scammers, and is doing so as a way to set

Harun Ozalp | Anadolu Agency | Getty Images Former Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022. In the suit, filed in a California federal court on Wednesday, attorneys for

A bowl of kimchi, a fermented vegetable side dish that is a staple in all Korean meals Kitzcorner | Getty Images You may have heard of the “Korea discount” in South Korea’s stock markets. Now, get ready for the “kimchi premium,” named after the popular side dish of fermented vegetables that’s a staple in Korean

U.S. President Joe Biden tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024.  Kevin Lamarque | Reuters Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter.\ Update: FTX founder Sam Bankman-Fried sentenced to 25

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Samsung

In 2022, I was on a rooftop overlooking a runway surrounded by olive trees in the south of Spain. An aircraft hovered in the sky and zipped off into the distance. It was my first up-close encounter with an electric vertical take-off and landing (eVTOL) vehicle, popularly known as flying cars or air taxis. As

People learn about Baidu’s artificial intelligence chatbot service Ernie Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November 23, 2023 in Hangzhou, Zhejiang Province of China.  China News Service | China News Service | Getty Images Nvidia’s rocket-ship ride in the stock market underscores the extent to which chip

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of

A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC AT&T announced Saturday that it is investigating an incident two weeks ago that led to millions of customers’ data being published on the dark web, a portion of the Internet that can only be accessed using special software. The company has reset the

Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023.  Yuki Iwamura | Bloomberg | Getty Images In sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the

A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024.  Florence Lo | Reuters It was a brutal first quarter for Tesla investors. Shares of the electric vehicle maker plunged 29% in the first three months of the year, the worst quarter for the stock