From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Anthony Wallace | AFP | Getty Images Venture firm DCM just generated a $16 billion return from the IPO of Chinese social media app Kuaishou. The listing took place in Hong
Technology
CNBC recently got a tour of Lucid Motors’ new factory in Casa Grande, Arizona, where it will build its luxury electric sedan, the Air. The first phase of the facility was completed in November 2020, about a year from when construction broke ground. Lucid is currently building “release candidates” of the Air as it prepares
The front of Qualcomm office on November 1, 2017 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images U.S. chipmaker Qualcomm has told regulators around the world that it is against Nvidia’s $40 billion acquisition of British chip designer Arm, according to sources familiar with the matter. The company has told
Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day, July 16, 2019, in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Last week, Amazon triggered privacy concerns when it confirmed it’s rolling out AI-enabled cameras in vans used by some of its contracted delivery partners.
Displays in Times Square outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Shares of Bumble, which operates the dating app under the same name,
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the
Singapore Airline’s Salvatore Ferragamo-branded amenity bag SFO Museum Multiple third-party sellers allegedly advertised and facilitated the sale of counterfeit Salvatore Ferragamo goods on Amazon, according to two joint lawsuits Amazon and the Italian luxury label filed Thursday. The lawsuits filed in U.S. District Court for the Western District of Washington accuse four sellers and three
A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world. On Tuesday, GM said that it
A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters Oracle and Walmart’s plan to buy TikTok’s U.S. operations has been pushed back indefinitely, as President Joe Biden reviews former president
Parents work from home with their two sons due to the coronavirus outbreak in Paris in 2020. Xavier Laine | Getty Images News | Getty Images People have changed their minds about working from home since the coronavirus prompted office closures last year, Cisco CEO Chuck Robbins said during an earnings conference call with analysts
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China, January 7, 2020. Aly Song | Reuters Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility
While watching the Super Bowl Sunday night, viewers in certain markets saw an eye-catching five-second ad from Reddit. “Wow, this actually worked,” text on the ad read. “If you’re reading this, our bet paid off.” The ad, which ran in only certain markets, initially caused a bit of confusion. Many paused their broadcasts to read
Contrary to popular belief, Elon Musk did not start Tesla. He certainly made it his own over the years, investing early on and then overseeing its growth from niche luxury carmaker to mass production, adding on a solar business, and pushing self-driving technologies. However, the tech titan — and now the world’s richest man — was
NBC Nightly News and Dateline NBC anchor Lester Holt It’s time to start thinking about a new business model for news. In the past year or so, nearly every media company has launched a subscription video-on-demand (SVOD) service. Most haven’t incorporated their full news divisions into the products, which are dominated by entertainment. Disney‘s three
For advertisers, the Super Bowl typically represents a golden opportunity to have so many eyeballs at the same time and are actually are tuned in to watch the ads. Of course, this year is anything but typical. Advertisers appearing on the game this Sunday have to manage the right tone amid a pandemic that’s killed
Dropshippers are the ultimate middlemen. The trendy e-commerce model is behind the ads flooding Facebook, Instagram, TikTok and Google‘s YouTube at a much higher rate since the pandemic sent online shopping demand skyrocketing. The model relies on targeted ads designed to stop consumers from scrolling long enough to make an impulse purchase, usually from a
Microsoft CEO Satya Nadella and Volkswagen CEO Herbert Diess (not pictured) attend a session during their visit to Volkswagen Digital Lab in Berlin on Feb. 27, 2019. Abdulhamid Hosbas | Anadolu Agency | Getty Images Microsoft on Friday said its political action committee won’t contribute to upcoming campaigns for members of U.S. Congress who voted
A view of the Jose Gasparilla II with the battle flag of each of the NFL teams as well as the AFC Champion flag of the Kansas City Chiefs and the NFC Champion flag of the Tampa Bay Buccaneers along with the iconic Super Bowl LV logo floats in the Hillsborough River with Tampa General
Chamath Palihapitiya Olivia Michael | CNBC Chamath Palihapitiya-backed Clover Health Investments said Friday it received a notice of investigation from the Securities and Exchange Commission and that it intends to cooperate. Clover, however, pushed back against a critical report from short-selling specialist Hindenburg Research, saying some claims in the report were “completely untrue.” On Thursday,
Apple CEO Tim Cook delivers a keynote during the European Union’s privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. Yves Herman | Reuters Snap and Unity Software, which reported fourth quarter earnings after the bell Thursday, both warned of the upcoming impact from Apple‘s privacy changes set for this spring. To