Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024. Mike Blake | Reuters Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday. The first of the R2…
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ appetite…
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google said its fiber internet unit called GFiber is combining with Astound Broadband and forming an independent provider, with Google remaining as a minority shareholder. The new company will be majority owned by investment firm Stonepeak and led by…
US President Donald Trump speaks to reporters before boarding Marine One as he departs from the South Lawn of the White House in Washington, DC, on March 11, 2026. Brendan Smialowski | AFP | Getty Images The Trump administration on Wednesday announced new trade investigations of China, Mexico, the European Union and more than a…
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian said on Wednesday that it’s eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence. “We are…
As AI chipmaker Cerebras angles for an eventual IPO, the company appears to have landed a significant cloud-computing customer: Oracle. On a conference call with analysts on Tuesday following Oracle’s quarterly earnings, Clay Magouyrk, one of the software vendor’s two CEOs, indicated that his company’s infrastructure includes Cerebras chips, alongside graphics processing units (GPUs) from…
Oracle shares rose 8% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Management pushed up its fiscal 2027 revenue forecast by $1 billion to $90 billion. Analysts polled by LSEG had anticipated $86.60 billion. Oracle sees $1.92 and…
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. The problems in private credit are “multiplying by the quarter,” due in part to the…
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao, Shandong Province, China, Jan. 13, 2026. Cfoto | Future Publishing | Getty Images China’s trade surplus rose to its highest on record in the combined January-February period while exports massively beat expectations, underscoring the resilience of the world’s second-largest economy…
Novo Nordisk has dropped its legal case against telehealth provider Hims & Hers over patent infringement, after the two companies agreed Hims would sell Novo’s branded medicines through its platform. “We have decided to drop the current court proceedings and, of course, we reserve to bring that back if need be, but I don’t foresee…
