CNBC cancels 'The News with Shepard Smith' to refocus on business news
CNBC has canceled "The News with Shepard Smith" after two years as CNBC's 7 p.m. ET general news program.
CNBC Technology
Web inventor Tim Berners-Lee wants us to 'ignore' Web3: 'Web3 is not the web at all'
Berners-Lee said people too often conflate Web3 with "Web 3.0," his own proposal for reshaping the internet.
JPMorgan's blockchain unit CEO says consumer protection needs to be a priority in digital asset projects
"What a bank needs to do from a regulatory point of view and customer's point of view is that we need to protect our customers," said Onyx CEO Umar Farooq.
Atlassian plummets more than 20% on weak earnings report and disappointing forecast
Atlassian's free users are also converting to paid customers more slowly.
Amazon pauses hiring for corporate workforce
Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
Stripe lays off 14% of workers
Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday.
Here's how Twitter and Elon Musk can prevent racist 'raids' on the social network
Nearly half of the Twitter accounts that spewed hate speech there as Elon Musk took over have been suspended, according to new research.
Facebook parent company Meta is now the worst performer in the S&P 500 this year
Meta shares are down roughly 73% over the past year, putting the social networking giant at the bottom of the stock market index.
Warner Bros Discovery reports underwhelming revenue, says new streaming service coming earlier
Warner Bros. Discovery reported third quarter earnings and said its merged HBO Max-Discovery+ streaming service will come in spring instead of summer.
Paypal drops on light revenue forecast for Q4
PayPal shares fell more than after hours despite beat on earnings and revenue expectations for the third quarter.
DoorDash stock surges after sales beat expectations
DoorDash reported better-than-expected sales and total orders for the third quarter.
Coinbase reports better-than-expected user numbers even as third-quarter revenue plunges
Coinbase has struggled this year as cryptocurrency prices have plunged and investors have rotated out of the riskiest assets.
Shares of Block jump on earnings beat
Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
Qualcomm shares fall on weak first-quarter outlook
In notes to clients after the report, several analysts seemed to agree that Qualcomm would make it to the other side of the headwinds in a solid position.
Jeff Bezos sued by former housekeeper over working conditions, discrimination by other staff
Mercedes Wedaa, who was hired as a housekeeper in 2019, claimed she faced racial discrimination, and worked long hours without adequate meal or rest breaks.
NBA Top Shot maker Dapper Labs lays off 22% of workers
Dapper Labs, the company behind the NBA Top Shot and NFL All Day digital trading platforms, is laying off 22% of its workers as the popularity of NFTs slides.
Chime cuts 12% of its workforce, adding to recent wave of tech layoffs
Fintech company Chime is laying off 12% of its workforce, approximately 160 employees, amid a worsening economic outlook.
Lyft cuts 13% of its workforce
In an email to employees, Lyft executives pointed to what they called "a probable recession sometime in the next year" and rising rideshare insurance costs.
Op-ed: What Elon Musk really gets out of owning Twitter
Any chatter about Elon Musk's plans to revamp Twitter and turn it into a better business misses the mark. It's about influence, and he knows it.
Palm oil is in almost everything, and it's devastating rainforests. This Bill Gates-backed company used microbes to create an alternative
Palm oil is in more than half the packaged products Americans use, but it's devastating to the environment. C16 Biosciences Palmless is an alternative.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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