Samsung is the world’s biggest maker of memory chips. A lack of demand and a chip glut has put pressure on memory prices which could hammer Samsung’s profit. Jakub Porzycki | Nurphoto | Getty Images Samsung could report its worst profit in 14 years this week, as prices for memory chips, its biggest business, continue
Technology
Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Alphabet CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday. Pichai was awarded $218 million in equities last year through a triennial stock grant.
In this article AVAV BA.-GB GM P911-DE MBG-DE AMPX Follow your favorite stocksCREATE FREE ACCOUNT Lithium-ion battery performance has hit a plateau in recent years, but a breakthrough in technology promises new heights are soon to be in sight. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today
Dado Ruvic | Reuters LONDON — The collapse of Silicon Valley Bank was the result of a crisis in banking rather than technology, according to a top venture capitalist. Anne Glover, CEO and co-founder of Amadeus Capital, said Friday that the SVB crisis was caused by “utterly irresponsible” practices by Silicon Valley Bank and its
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google’s construction site on future San Jose megacampus sits idle as company halts development amid cost-cutting. Jennifer Elias In June 2021, Google won approval to build an 80-acre campus, spanning 7.3 million square feet of office space, in San Jose, California, the third-largest city in
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Theo Wargo | Wireimage | Getty Images A rough week for Elon Musk was capped on Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO Elon Musk in an open letter made public on Friday. The
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Reusable shopping bag with logo at Whole Foods Market grocery store in Dublin, California. Smith Collection/Gado | Archive Photos | Getty Images Amazon‘s Whole Foods is letting go some corporate employees as part of a planned reorganization of select teams, and as its parent company
Sopa Images | Lightrocket | Getty Images Twitter removed blue legacy checkmarks from non-paying users’ accounts on Thursday, weeks after the Elon Musk-owned company initially announced that the changes would begin. The company confirmed on Wednesday that it would begin removing the blue checkmarks from users who didn’t pay for the company’s subscription service, Twitter
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images For years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday.
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook, Apple’s Chief Executive Officer (CEO) greets the media with folded hands outside the Apple store at Jio World Drive mall, Mumbai, India, April 18, 2023. Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Apple CEO Tim Cook is in India this
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Rick Osterloh, senior vice president of devices and services at Google Bloomberg | Bloomberg | Getty Images Google will launch its first foldable smartphone sometime in June, challenging Samsung’s market-leading foldable phone business, according to internal communications viewed by CNBC. It plans to announce the
In this article AAPL GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Kif Leswing/CNBC Apple now offers a savings account administered through its iPhone app that allows users to accrue over 4% interest. Setting up the savings account is straightforward, although users are required to have an active Apple Card. Accounts are administered by Goldman
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google and Alphabet CEO Sundar Pichai said “every product of every company” will be impacted by the quick development of
A model of Angry Birds character ‘Red’ sits on display inside the reception area of the Rovio Entertainment Oy headquarters in Espoo, Finland, on Thursday, Feb. 28, 2019. Bloomberg | Bloomberg | Getty Images Japanese gaming giant Sega announced Monday it has made a 706 million euro ($776 million) offer for the maker of the
In this article VORB SPCE ASTR Follow your favorite stocksCREATE FREE ACCOUNT Virgin Orbit started as a program of Richard Branson’s Virgin Galactic in 2012, before being spun off into a separate company five years later. In the private space race, Virgin Orbit contended its method of launching its rockets — known as “air launch”
In this article WMT AMZN Follow your favorite stocksCREATE FREE ACCOUNT For years, Amazon warehouse staffers have complained about unsafe working conditions and the injury risks they face when rushing to fill packages and get them to customers in two days or less. While Amazon claims its injury rate is coming down, facility-level data released
TikTok logo displayed on a cellphone. Hyoung Chang | Denver Post | Getty Images Montana legislators approved a bill on Friday that would ban TikTok from being offered in the state in a 54-43 vote. The bill, SB 419, now goes to Montana Republican Governor Greg Gianforte for approval. TikTok, which is owned by China’s
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Tesla CEO Elon Musk is planning to launch an artificial intelligence start-up that would go head-to-head with OpenAI, the Financial Times reported Friday.
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., announces the EGX Edge Supercomputing Platform during the company’s event at Mobile World Congress Americas in Los Angeles, California, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia’s most-advanced graphics cards are
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