The NBA on Wednesday said it had suspended Los Angeles Clippers owner Steve Ballmer for one year as part of a broad array of sanctions on the basketball team and two senior executives for violating the league’s salary cap circumvention rules related to star player Kawhi Leonard and four companies that did business with the…
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom shares edged up 2% in extended trading on Wednesday after the chipmaker issued a rosy forecast for the next fiscal year and hinted at growing business with artificial intelligence labs….
Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour in Sydney on April 23, 2026. George Chan | Getty Images News | Getty Images Microsoft will start disclosing quarterly revenue for its Azure cloud business for the first time, providing investors with a clearer picture of its business that competes with Amazon Web Services…
Mike Trout of the Los Angeles Angels makes a diving catch on a ball off the bat of Petey Halpin of the Cleveland Guardians during the fourth inning at Angel Stadium in Anaheim, California, Aug. 25, 2026. Scott Strazzante | Getty Images Stan Kroenke has agreed to buy the Los Angeles Angels from the Moreno…
Southwest Airlines planes get ready to take off from Denver International Airport in Denver, Colorado on Nov. 6, 2025. Rj Sangosti | MediaNews Group | The Denver Post | Getty Images Southwest Airlines on Wednesday unveiled plans for its network of airport lounges that it’s been hinting at for months. The carrier said its first…
Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world. “Nothing that was deployed seven or 10 years ago is prepared or ready to handle AI at machine speed,” Arora told CNBC’s Jim Cramer on “Mad Money.” “You…
Dell Technologies shares moved 9% higher in extended trading on Tuesday after the computer maker reported results and a forecast that easily cleared Wall Street expectations. Here’s how the company did relative to LSEG consensus: Earnings per share: $7.04 adjusted vs. $4.92 expected Revenue: $46.97 billion vs. $44.92 billion expected Revenue came in higher than…
Owner Stan Kroenke of the Denver Nuggets on the court before Game 4 of the Nuggets’ NBA Playoffs series against the Minnesota Timberwolves at the Target Center in Minneapolis, Minnesota, April 25, 2026. Aaron Ontiveroz | Denver Post | Getty Images Stan Kroenke has added an MLB team to his growing sports empire, agreeing to…
When incoming Apple CEO John Ternus spoke to CNBC in late 2023, he was all about the technology. Custom chips, device battery life and memory architecture were among his primary interests. “If we build the right products with the right components within them, right silicon and other technologies, people love them,” Ternus, who took over…
CNBC’s Jim Cramer said Monday that August was a comeback month for stocks that had been battered by some of Wall Street’s most powerful bearish narratives. His comments came on the final trading day of August. Several of the S&P 500‘s biggest winners in August spent months under pressure from concerns ranging from artificial intelligence…
