While discounts drove purchasing in the early days of the holiday shopping season, consumers are shifting into more thoughtful, quality gifts in the back half of the season as total spending growth slows. U.S. consumers had spent $187.3 billion so far online between Nov. 1 and Dec. 12, up 6.1% from the same stretch last…
CNBC’s Jim Cramer on Friday explained how he thinks the data center sector can regain its footing on the market, saying OpenAI needs to raise cash to pay Oracle, one of its major partners. “No matter what, OpenAI needs to raise a lot of money, and it needs to raise it now,” he said. “Or…
Anand Varadarajan, Amazon Vice President of product and technology and worldwide grocery stores speaks during the Delivering the future conference in Mt. Juliet, Tennessee, on October 9, 2024. Seth Herald | Afp | Getty Images Starbucks announced Friday that it has hired its new chief technology officer, Amazon veteran Anand Varadarajan. Varadarajan, who spent nearly…
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk‘s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. “We reverse…
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers…
President Donald Trump signs an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80% during an event in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with…
Oracle‘s stock jumped 8% Friday after the cloud provider joined a group of investors slated to lead TikTok‘s U.S. operations. In a memo to employees Thursday, TikTok CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake and Abu Dhabi-based MGX. The…
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images With the AI talent wars heating up between companies like OpenAI, Meta and Anthropic, one way Google has been competing is by aggressively rehiring…
Workers were seen changing signage at the Washington D.C. John F. Kennedy Center for the Performing Arts, one day after the center’s board voted to rename the institution the “Trump-Kennedy Center.” President Donald Trump has taken control of the famed institution, having appointed the Board of Trustees that voted for the name change in February…
U.S. Homeland Security Secretary Kristi Noem speaks during a House Homeland Security hearing entitled “Worldwide Threats to the Homeland,” on Capitol Hill in Washington, D.C., U.S. Dec. 11, 2025. Elizabeth Frantz | Reuters U.S. Department of Homeland Security Secretary Kristi Noem said she was suspending the diversity visa program, saying the man suspected of killing…
