Steve Proehl | Corbis Unreleased | Getty Images Apple promoted its hardware chief, Dan Riccio, to a new role “focusing on a new project.” He will report to CEO Tim Cook, Apple announced on Monday. Riccio was previously the company’s senior vice president for hardware engineering, signing off on the physical aspects and electrical engineering
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Still from Michelob Ultra’s 2021 Super Bowl commercial. Michelob Ultra This year’s Super Bowl will be an extravaganza of first-time Super Bowl advertisers. Super Bowl mainstays like Pepsi, Coke and Budweiser aren’t buying ad time on this year’s game (Pepsi is still sponsoring the halftime show.) Instead, they’re being replaced by companies that had a
While it may be an overstatement to say California is hemorrhaging people, some of the state’s major companies and wealthiest residents are leaving for states like Texas, Arizona and Florida. In 2020, Oracle, Palantir and Hewlett-Packard Enterprise were among the companies that announced they’re relocating their headquarters out of the Golden State. Wealthy individuals from
Mike Speiser Source: CNBC Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical
Doctor Richard Dang (R), Assistant professor USC School of Pharmacy, administers a Covid-19 vaccine to Ashley Van Dyke as mass-vaccination of healthcare workers takes place at Dodger Stadium on January 15, 2021 in Los Angeles, California. Irfan Khan | AFP | Getty Images People who get vaccinated against Covid-19 at Dodger Stadium leave with inoculation
US President Joe Biden speaks about the Covid-19 response as US Vice President Kamala Harris (L) looks on before signing executive orders in the State Dining Room of the White House in Washington, DC, on January 21, 2021. Mandel Ngan | AFP | Getty Images Like many in the tech industry, Amazon has cozied up
Apple adds more functions to the iPhone every year, but the more it can do, the more complicated it gets. If you recently got a new iPhone after sitting out several generations — or maybe just don’t fiddle around with your phone a lot — you might be missing out on some easy ways to
Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California, July 23, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado An influential engineering director at Tesla, Joe Mardall, has resigned his position at the automaker to become head of engineering at Zipline, according to his own LinkedIn profile. Zipline
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images Tesla is suing a former employee and software engineer named Alex Khatilov, alleging trade secret theft and breach of contract. In the complaint, the company accuses Khatilov of grabbing code and
A monitor displays a “Zuck Buck” as Mark Zuckerberg, chief executive officer and founder of Facebook Inc., testifies during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Andrew Harrer | Bloomberg | Getty Images In a year when examining the power of the Big Tech companies became a
Bitcoin tumbled below $30,000 on Thursday, as the cryptocurrency continued its 2021 slide after quadrupling in value last year. The digital currency dropped 17% to $29,246.77, wiping out about $100 billion from the market, according to data from CoinDesk. It’s now down more than 30% since peaking at $41,940 earlier this month. The latest plunge,
Source: Loon Google parent-company Alphabet is saying goodbye to another one of its long-term experimental bets — this time, it’s Loon, the gigantic balloons the company had hoped to beam internet to rural areas of the world. “While we’ve found a number of willing partners along the way, we haven’t found a way to get
Galaxy S21, Galaxy S21 Ultra Todd Haselton | CNBC Samsung’s new Galaxy S21 phones launch on Jan. 29. I’ve been using two of the three new models, the entry-level Galaxy S21 and high-end Galaxy S21 Ultra for the past week or so. Samsung has the largest share of the smartphone market around the world, largely
Qualcomm’s Snapdragon 888 chip will be used in premium Android devices that could cost over $1000. Qualcomm Qualcomm’s market share of China’s smartphone chip market plunged in 2020 due to U.S. sanctions on Huawei, according to a new report. As a result, the country’s domestic mobile players turned to alternatives such as Taiwan’s MediaTek, according
U.S. President Joe Biden speaks during the inauguration of Joe Biden as the 46th President of the United States on the West Front of the U.S. Capitol in Washington, January 20, 2021. Brendan McDermid | Reuters Amazon on Wednesday offered to help with the national effort to distribute the Covid-19 vaccine, according to a letter
Alibaba founder Jack Ma has emerged after weeks out of the spotlight that sparked speculation about his whereabouts as his companies face increased regulatory scrutiny. In a video posted on Chinese social media, Ma addressed rural teachers as part of one his charity foundation’s initiatives. The annual event, which is usually hosted in the resort
The Queen’s Gambit on Netflix and Disney’s Mickey Mouse Netflix; CNBC Disney and Netflix pride themselves on storytelling. Now they’ve switched places when it comes to the tales they’re telling Wall Street. Netflix said on Tuesday that it would consider buying back shares for the first time since 2011. After nearly a decade of borrowing
(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix is set to report earnings for the fourth quarter of 2020 after the bell on Tuesday. Here are the key
1.8ml of Sodium chloride is added to a phial of the Pfizer/BioNTech COVID-19 vaccine concentrate ready for administration at Guy’s Hospital at the start of the largest ever immunization progran in the U.K.’s history on December 8, 2020 in London, United Kingdom. Victoria Jones – Pool | Getty Images LONDON — Two hospitals in the
The Parler website home screen on a laptop computer arranged in the Brooklyn borough of New York, U.S., on Friday, Dec. 18, 2020. Gabby Jones | Bloomberg | Getty Images The website of Parler — a social media platform popular with conservatives and supporters of President Donald Trump — is back online, albeit in a
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Google on Sunday disputed claims from a group of attorneys general, led by Texas’ Ken Paxton, that its ad-buying arrangement
Jay Y. Lee, co-vice chairman of Samsung Electronics, center, wears a protective mask as he is surrounded by members of the media while arriving at the Seoul Central District Court in Seoul, South Korea, on Monday, June 8, 2020. SeongJoon Cho | Bloomberg via Getty Images SINGAPORE — Shares of groups related to South Korean-conglomerate
Trump supporters stand on the U.S. Capitol Police armored vehicle as others take over the steps of the Capitol on Wednesday, Jan. 6, 2021, as the Congress works to certify the electoral college votes. Bill Clark | CQ-Roll Call, Inc. | Getty Images Microsoft-owned GitHub, the code sharing site for software developers, said on Sunday
Apple announces new app for health studies. Suorce: Apple Apple‘s main selling point for the Apple Watch is tracking your health, including activity, sleep and certain medical conditions. But it’s not the only Apple product that can help you get in shape and stay healthy. The humble iPhone has plenty of health-tracking features as well.
Founder and CEO of Bumble Whitney Wolfe Vivien Killilea | Getty Images Entertainment | Getty Images Online dating app company Bumble said in its IPO filing on Friday that changes like Apple‘s upcoming privacy updates could hurt its business. Bumble said it expects just 0 to 20% of app users to agree to opt-in to
Jeff Housenbold, managing partner at SoftBank’s Vision Fund SoftBank SoftBank’s Jeff Housenbold, who led the Vision Fund’s investments in companies including DoorDash, OpenDoor and Wag, is leaving the firm later this year. SoftBank shook up the Silicon Valley investment world with the first Vision Fund in 2017, ultimately raising $100 billion, funded in large part
Andy Jassy, CEO of Amazon Web Services. CNBC Getting kicked off Amazon Web Services is rare, but it has enormous consequences. It happened this week, when Amazon dropped Parler, a social network that gained traction from conservatives after Twitter banned President Donald Trump and housed content that encouraged violence. Parler filed suit against Amazon in
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Facebook said Friday it will block the creation of new Facebook events happening near the White House, the U.S. Capitol building and state capitol buildings through President-elect Joe Biden’s inauguration on Jan. 20. In a blog post that was
The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a
Trump supporters stand on the U.S. Capitol Police armored vehicle as others take over the steps of the Capitol on Wednesday, Jan. 6, 2021, as the Congress works to certify the electoral college votes. Bill Clark | CQ-Roll Call, Inc. | Getty Images Corporate money has flooded U.S. elections ever since 2010, when the Supreme
Xiaomi’s Headquarters Getty Images GUANGZHOU, China — The Trump administration has added smartphone maker Xiaomi to a blacklist of alleged Chinese military companies. Hong Kong-listed shares of the Chinese firm were down 10.6% at the open on Friday on that news. Beijing-based Xiaomi was the world’s third-largest smartphone maker in the third quarter of 2020,
Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The company previously said
Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Qilai Shen | Bloomberg | Getty Images The National Highway Traffic Safety Administration (NHTSA) asked Tesla in a letter on Wednesday to recall 158,716 of its Model S and Model
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap will permanently terminate the Snapchat account of President Donald Trump on Jan. 20, the company said Wednesday. Last week, Snap announced an indefinite suspension of Trump’s account following the insurrection at the U.S. Capitol, and previously the company had announced that it would no
Intel CEO Bob Swan is set to step down effective Feb. 15, CNBC’s David Faber reported Wednesday. VMWare CEO Pat Gelsinger will take over the position, sources told Faber. Intel’s stock was up about 13% in premarket trading following the news. VMWare’s stock was down nearly 5%. Swan was named CEO in January 2019 after
A man receives a dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination site at South Bronx Educational Campus, in the Bronx New York on January 10, 2021. Kena Betancur | AFP | Getty Images GUANGZHOU, China — Sellers on the so-called dark web have been putting out an increasing number of advertisements for
Visa CEO Alfred Kelly speaks at Boston College’s Chief Executive Club luncheon, September 27, 2018. Brian Snyder | Reuters Visa has ended its takeover efforts of Silicon Valley start-up Plaid about two months after the Department of Justice filed an antitrust lawsuit on grounds that it would limit competition in the payments industry. The company said
studioEAST | Getty Images GUANGZHOU, China — Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy. Signal saw approximately 7.5 million installs globally through the Apple App Store and Google Play store between Jan. 6 and
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook on Monday announced that it will pause its contributions to political action committees in the wake of the invasion of the U.S. Capitol on Wednesday by insurgents incited by President Donald
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images News | Getty Images GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. The market capitalization or value of the cryptocurrency market was $959.53
BRUSSELS, BELGIUM – DECEMBER 16: European Commissioner Thierry Breton. Anadolu Agency | Anadolu Agency | Getty Images LONDON — EU and British officials have raised new questions on the regulation of Big Tech after some major social media platforms banned the accounts of President Donald Trump last week. These firms have faced intense scrutiny over
File photo showing autographs of recording artists managed by SM Entertainment which adorn a checkout counter at the company’s SMTown entertainment complex in Seoul, South Korea, on Oct. 2, 2015. SeongJoon Cho | Bloomberg | Getty Images One of South Korea’s latest girl bands has set its sights on the “future of entertainment,” launching its
Black artist Bomani X has been one of the key innovators of voice-chatting app Clubhouse, and now, his face serves as Clubhouse’s app icon. Courtesy of Bomani X Clubhouse, a social media app introduced in March, allows users to gather in virtual rooms where they can communicate with one another through the mics on their
Parler CEO John Matze joins CNBC’s “Squawk on the Street” on July 2, 2020. CNBC Amazon has pulled the plug on Parler, a social media app popular with Trump supporters, in the wake of the deadly U.S. Capitol riot earlier this week. Amazon’s cloud-computing unit, Amazon Web Services (AWS), informed Parler on Saturday that it
Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images A group of Amazon corporate employees is calling on the company to stop providing cloud services to Parler, a social media app popular with Trump supporters. In a tweet on Saturday, employee advocacy group Amazon Employees for Climate Justice
U.S. President Donald Trump makes a fist during a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress in Washington U.S, January 6, 2021. Jim Bourg | Reuters President Donald Trump continued tweeting Friday evening using the government-owned @POTUS account, despite having his @realDonaldTrump account permanently suspended by
U.S President Donald Trump gives an address, a day after his supporters stormed the U.S. Capitol in Washington, U.S., in this still image taken from video provided on social media on January 8, 2021. Donald J. Trump via Twitter | Reuters Twitter permanently suspended President Donald Trump’s account on Friday. The company said in a
Twitter CEO Jack Dorsey testifies remotely via videoconference in this screengrab made from video during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Reuters Twitter on Friday announced that it would permanently
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