CNBC’s Jim Cramer said Wednesday investors looking at Elon Musk’s SpaceX should stop thinking in quarters and start thinking in decades. “SpaceX could be a 100-year piece of paper,” the “Mad Money” host said, arguing that SpaceX should be viewed much like the century-long railroad investments that ultimately rewarded patient investors. “Maybe you put some…
The Etsy Inc. headquarters in the Brooklyn borough of New York, US, on Tuesday, June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy said Wednesday it’s laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an…
Jeff Dean, head of artificial intelligence at Google LLC, speaks during a Google AI event in San Francisco, California, U.S., on Tuesday, Jan. 28, 2020. David Paul Morris | Bloomberg | Getty Images Google’s AI divisions are getting reshuffled, the search giant announced on Wednesday, with chief scientist Jeff Dean leaving the company after 27…
Dara Khosrowshahi, CEO of UBER, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Uber issued a forecast for bookings and earnings that trailed analysts’ estimates, while second-quarter profit was in line with expectations. Here’s how the company did versus analysts’ estimates compiled by LSEG:…
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asian technology stocks surged Wednesday after a strong Wall Street rally overnight that saw robust corporate earnings and easing…
The SpaceX headquarters is seen on Monday, Aug. 3, 2026 in Hawthorne, CA. Eric Thayer | Los Angeles Times | Getty Images After SpaceX spent way more on its AI buildout than analysts expected, executives tried to convince investors on Tuesday that it’s all worthwhile, claiming that the company is making its money back within…
Pinterest shares fell 7% in extended trading on Tuesday after the company reported better-than-expected earnings and revenue but issued lukewarm sales guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Earnings per share: 43 cents adjusted vs. 36 cents expected Revenue: $1.18 billion vs. $1.15 billion expected Sales rose 18% from…
Advanced Micro Devices reported second-quarter earnings on Tuesday that beat expectations, but the stock slumped in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended June 27: EPS: $1.66, adjusted, versus $1.62 expected Revenue: $11.54 billion versus $11.28 billion expected Overall, AMD revenue climbed 50% from $7.69 billion a…
New Jersey Attorney General Jennifer Davenport announced on Tuesday that she’s suing Amazon on antitrust grounds, alleging the online retailer abuses its power over third-party delivery contractors to suppress competition and harm workers. Amazon prevents delivery workers from unionizing, restricts contractors in its delivery network from hiring each other’s drivers, and limits competition for their…
Palantir CEO Alex Karp speaks during an interview on July 27, 2026 in New York City. John Lamparski | Getty Images Palantir stock rocketed 27% higher on Tuesday after the company reported “otherworldly” second-quarter earnings driven by customer demand for AI sovereign tools. The enterprise software giant reported a 93% growth in overall revenue to…
