News from the economy, politics and the financial markets
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HPE CEO Neri pleased with quarter despite AI revenue delays as stock bounces from post-earnings dip
CEO Antonio Neri said he was "pleased" with the quarter despite having some lags in revenue from AI deals due to delays.
The New York Times sues Perplexity, alleging copyright infringement
The suit alleges Perplexity has illegally copied and distributed The Times' copyrighted content.
Netflix to buy Warner Bros. Discovery, Ulta earnings, Meta's rebound and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Elon Musk’s X fined $140 million by European Commission over 'deceptive' blue checkmark and lack of transparency
The social-media platform has been fined by the bloc after breaching transparency obligations under the Digital Services Act (DSA).
Nvidia partner Foxconn reports 26% revenue spike as AI boom continues
The Taiwanese company has increasingly moved into the AI infrastructure space in recent times
Global websites back online as Cloudflare issues a dashboard fix
Shares of the company were down 4.5% in premarket trading after global websites went down and Cloudflare said it was investigating.
Meet Binance's new co-CEO Yi He: The mysterious and omnipresent 'life partner' of CZ
Binance Holdings, the world's largest cryptocurrency exchange, named a new co-CEO in a major shake-up after its former head, Changpeng Zhao, received a presidential pardon.
Taiwan bans Chinese social media app RedNote for one year on fraud risks
It said that it will block access to the app, describing it as one that is "potentially becoming a high-risk area for online shopping fraud."
'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing
Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
SoFi's stock drops on $1.5 billion share sale announcement
SoFi said it's selling $1.5 billion in stock after the company's market cap almost doubled this year.
Apple announces departure of general counsel and policy chief
The two executives reported to Apple CEO Tim Cook and are the latest members of senior leadership to exit the iPhone maker.
Microsoft will raise prices of commercial Office subscriptions in July
For the second time in five years, Microsoft is hiking prices for commercial customers of its widely used Office bundles.
Nvidia has a cash problem — too much of it
Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
Jim Cramer warns that OpenAI is the year 2000 in a nutshell
"They may be reckless," CNBC Jim Cramer said Thursday.
Cramer says this retail stock is ‘one of the greatest performers of all time’
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Mark Zuckerberg comes to his senses on metaverse spending, and we're thrilled
Is the "year of efficiency" Mark Zuckerberg back at Meta Platforms?
Google taps AI vibe-coder Replit in challenge to Anthropic and Cursor
Replit will expand usage of Google Cloud services, add more of Google's models onto its platform, and support AI coding use cases for enterprise customers.
Meta stock climbs 4% on report of planned metaverse cuts
The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.
Electric aircraft maker Beta Technologies posts strong revenue growth in first report since going public
eVTOL company Beta Technologies announced its first financial report since going public in November.
Weak jobs data, Salesforce earnings, GM's 'Silicon Valley cowboy' and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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