News

In this article AMZN FB Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | AFP | Getty Images Amazon and Facebook have filed petitions seeking Federal Trade Commission Chair

In this article DIDI A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters GUANGZHOU, China — Rivals to Chinese ride-hailing giant Didi are trying to eat away at

For years, cryptocurrency holdings of U.S. taxpayers have existed in a sort of reporting gray zone. But now, those crypto wallets are getting a whole lot of attention from the Internal Revenue Service and President Biden, who appear determined to crack down on tax cheats. The timing makes sense. The president needs to raise money,

iPhone 12 MagSafe battery pack Apple Apple announced a battery pack on Tuesday that snaps to the back of the iPhone 12 to provide extra battery life. It will help people get longer battery life from their iPhone if it’s about to die. The MagSafe Battery Pack costs $99 and is available in white. It’s

In this article TSLA Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Samuel Corum | Bloomberg | Getty Images WILMINGTON, Del. — Tesla CEO Elon Musk is heading back to court for a second day, and is likely to be questioned

Art at the cryptocurrency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami on June 4, 2021. Marco Bello | AFP | Getty Images Cryptocurrencies are in a summer slump as they navigate a two-month correction period following a string of negative stories. Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance

In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images WILMINGTON, DEL. — Tesla CEO Elon Musk defended his role in the company’s $2.6 billion acquisition of SolarCity in court

ShipBob fulfillment center in Moreno Valley, California ShipBob After ShipBob decided last July to let staffers work from anywhere, the logistics start-up had its landlord erect a wall in the middle of its Chicago headquarters so half the space could be rented out to another company. On March 1, the office reopened at reduced capacity

Facebook CEO Mark Zuckerberg rides an electric surfboard holding the American flag. July 4, 2021. Mark Zuckerberg, Instagram Mark Zuckerberg celebrated Fourth of July in unique fashion: Holding an American flag as he glided on a body of water, elevated on a board about a foot above the surface. The Facebook CEO was hydrofoiling, which

In this article MSFT Kevin Stratvert produces videos at his home in Seattle. Tara Brown When Microsoft updated its Teams communication app with a more sophisticated way to give PowerPoint presentations in January, the company published a 500-word blog post on the feature. People could read the blog post and try to figure out how

In this article MSFT If you own a PC, chances are it’s running Windows, the operating system that Microsoft has offered since 1985. Even with people buying modern Macs with energy-sipping Arm chips, and even with some students and corporate workers picking up Chromebooks during the pandemic, Windows still holds on 83% market share for

The author of “Bad Blood” isn’t finished telling the Theranos story. Three years since the release of his bestselling book, John Carreyrou is debuting a new podcast to uncover the final chapter of former Theranos CEO Elizabeth Holmes. “Bad Blood: The Final Chapter” will follow the upcoming trial of Holmes. In an interview with CNBC,

US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021. Saul Loeb | AFP | Getty Images The White House on Friday will announce a new executive order aimed at cracking down on competitive practices in Big Tech, CNBC’s Ylan Mui

In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images Microsoft will give out $1,500 bonuses to many of its employees after more than a year of impact from the coronavirus. The gesture is part of an effort at technology companies to keep employees happy during

In this article FB Fidji Simo, Director of Product at Facebook, speaks onstage during the Facebook portion of the Summer 2018 TCA Press Tour at The Beverly Hilton Hotelon July 25, 2018 in Beverly Hills, California. Frederick M. Brown | Getty Images Entertainment | Getty Images Grocery delivery app Instacart announced it has hired the

In this article AAPL Google announced last week 60% of its workforce will work around three days a week in the office, 20% in new office locations, and 20% from home. David Paul Morris | Bloomberg | Bloomberg | Getty Images State attorneys general are again going after Google with an antitrust lawsuit against, this

Jaap Arriens | NurPhoto | Getty Images Former President Donald Trump on Wednesday is set to announce a lawsuit against Facebook Google and Twitter, as well as their respective CEOs Mark Zuckerberg, Sundar Pichai and Jack Dorsey, sources familiar with the plans told CNBC. Trump, who has a history of threatening legal action but not

Aerial view of The Pentagon in Langley, Virginia. Getty Images The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most tangled contracts for the Department

Shares in ride-hailing giant Didi Chuxing crashed as much as 25% in pre-market trading on Tuesday, less than a week after the Chinese app listed on the New York Stock Exchange. The company’s share price fell to $12.06 at 4:46 a.m. Tuesday in pre-market trading, down from $15.53 at the last market close. The fall

Amazon.com founder and CEO Jeff Bezos. Getty Images Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was

In this article DSY-ZA Still from Disney’s latest Pixar film “Luca.” Disney While most Americans are breathing a sigh of relief as they return to normal activities outside the home in the wake of the Covid-19 pandemic, the streaming video industry may not be quite as excited for a return to reality. Comcast‘s NBCUniversal, ViacomCBS,

In this article UBER LYFT A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers

In this article AVGO A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images The Federal Trade Commission accused computer chip supplier Broadcom of illegally monopolizing the market for semiconductor components, the agency announced Friday. Broadcom shares were down about 2% on

Bitcoin mine on the edge of the Tibetan Plateau near Sichuan, China. The mine is strategically placed next to a hydraulic power generator. Getty Images It just became a whole lot easier and much more profitable to mine for bitcoin. The world has known for months that more than half the world’s bitcoin miners would

In this article PCG California’s largest utility company, Pacific Gas & Electric, has a massive wildfire problem. Five of the ten most destructive fires in California since 2015 have been linked to PG&E equipment, including the 2018 Camp Fire that took out the town of Paradise and killed 85 people. Since then, PG&E has been

In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a

Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021. Qilai Shen | Bloomberg | Getty Images Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter’s deliveries fell short of expectations. Analysts were expecting Tesla to

In this article TSLA A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters A 2021 Tesla Model S Plaid caught fire on Tuesday night in Haverford, Pennsylvania, while the owner was at the wheel, according to Charles McGarvey, Chief Fire Officer for the

In this article DIDI Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Shares of Didi Chuxing jumped more than 12% Thursday morning, a day after the ride-share giant made its modest

The New York Stock Exchange welcomes executives and guests of Clear Secure, Inc. (NYSE: YOU), on June 30, 2021, in celebration of its Initial Public Offering. NYSE On a day with more tech IPOs than available bell-ringing slots at U.S. exchanges, investors reaped billions of dollars in gains. But the winners extended far beyond Silicon