Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering”…
Opendoor CEO Carrie Wheeler said Friday that she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings…
FBI Director Kash Patel speaks during U.S. President Donald Trump’s press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Annabelle Gordon | Reuters FBI Director Kash Patel and his foundation won a…
Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Sen. Josh Hawley, R-Mo., said Friday that he will investigate…
Goldman Sachs CEO David Solomon participates in an Invest America Roundtable in the State Dining Room at the White House, in Washington, June 9, 2025. Evelyn Hockstein | Reuters President Donald Trump on Tuesday said Goldman Sachs CEO David Solomon should either replace the bank’s economist or “just focus on being a DJ,” days after…
Michael Moritz, Sequoia Capital Scott Mlyn | CNBC Renowned venture capitalist Mike Moritz called on Intel to stand by CEO Lip-Bu Tan after President Donald Trump demanded his resignation last week. “Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.” Moritz, who spent decades at Sequoia Capital and has…
OpenAI CEO Sam Altman on Friday said the artificial intelligence company should prioritize growth and its investments in training and compute “for a long time,” even if it delays its path to profitability. Last year, OpenAI expected about $5 billion in losses on $3.7 billion in revenue. OpenAI’s annual recurring revenue is now on track…
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns. ” I want to be absolutely clear: Over 40+ years in the industry,…
Jeff Green, CEO of The Trade Desk. Scott Mlyn | CNBC Shares of The Trade Desk plummeted 39% on Friday, their worst day on record, after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon. The Trade Desk, which went public in 2016, suffered its steepest…
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street’s expectations, but…
