Why Amazon's three biggest deals ever were for a grocery chain, movie studio, and health care provider
Amazon's largest acquisitions show the company is willing to buy growth in strategic areas.
CNBC Technology
AT&T shares fall after company says later payments, higher spending are hurting cash flow
AT&T shares fell almost 8% after its second-quarter earnings report revealed a lower-than-expected cash flow.
Amazon to buy primary health-care provider One Medical for roughly $3.9 billion
The deal deepens Amazon's presence in health care, an area that it has expanded by launching an online pharmacy and telehealth services, among other things.
Tesla shares jump on second-quarter report that was better than analysts feared
Shares of Tesla jumped more than 8% on Thursday after the electric car maker released second-quarter results that were better than analysts feared.
Nest Labs: How iPod creator's smart thermostat became a top Google brand
Nest Labs started with a smart thermostat engineered by iPod creator Tony Fadell. Acquired by Google in 2014, it's now a top smart home device brand.
YouTube says it will crack down on abortion misinformation and remove videos with false claims
Google's YouTube says it will remove some videos that provide instructions for unsafe abortion methods.
Chinese TikTok owner increased U.S. lobbying spending by 130% this quarter
ByteDance lobbied on an antitrust bill, a funding bill to boost competitiveness with China, digital privacy legislation and defense spending.
Crypto startup Blockchain.com lays off 25% of staff as 3AC fallout spreads
Crypto firm Blockchain.com is laying off 25% of its staff, equivalent to about 150 roles.
Airbnb co-founder Joe Gebbia is stepping down to explore other projects
Airbnb co-founder Joe Gebbia announced Thursday he is stepping down from his role in the company.
Amazon’s first U.S. union faces an uphill battle after historic win at Staten Island warehouse
Amazon has its first union at a U.S. warehouse, after grassroots organizing by Chris Smalls and Derrick Palmer in New York. Now they face a tough road ahead.
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
British digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.
Toyota plans to roll out hydrogen fuel-cell trucks for the Japanese market next year
Toyota started working on the development of fuel-cell vehicles back in 1992.
Baidu's new robotaxi can drive without a steering wheel and is 50% cheaper
The Apollo RT6 comes with a detachable steering wheel, as the car will no longer necessarily need one to drive.
India's IT giants pay CEOs millions as turnover climbs among software talent
NITES President Harpreet Singh Saluja told CNBC that Indian IT CEOs are taking home "obscenely high salaries" despite pandemic layoffs.
Microsoft eases up on hiring as economic concerns hit more of the tech industry
Microsoft is easing up on hiring after the company reduced earnings and income guidance and cut a small group of employees.
Tesla grows revenue 42%, but automotive margins decline
Tesla's margins were impacted by inflation and fiercer competition for the components that go into EVs.
Minecraft creator rejects NFTs, saying they create scenario of 'haves and have-nots'
Minecraft creator Mojang said it won't support NFTs because they "create a scenario of the haves and the have-nots."
Raimondo warns of 'deep and immediate recession' if U.S. were to be cut off from Taiwan chip manufacturing
Congress is nearing key votes on a bill to fund U.S. semiconductor manufacturing, known as the CHIPS Act.
Tesla has dumped 75% of its bitcoin holdings a year after touting 'long-term potential'
Tesla CEO Elon Musk spent much of 2021 hyping cryptocurrencies. His company has exited most of its bitcoin holdings amid a dramatic downfall.
Coinbase jumps 14% after saying it has no exposure to bankrupt crypto firms
Coinbase said in a blog post that it had "no financing exposure" to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital.
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