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Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty Business & Finance

Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty

Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.

CNBC 4 months ago
DoorDash pops 12% on strong earnings, upbeat order growth guidance Business & Finance

DoorDash pops 12% on strong earnings, upbeat order growth guidance

DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of acquisitions.

CNBC 4 months ago
Will Elon Musk win his lawsuit against Sam Altman's OpenAI? Here's what prediction markets think Business & Finance

Will Elon Musk win his lawsuit against Sam Altman's OpenAI? Here's what prediction markets think

Trading activity on Elon Musk's suit against OpenAI is the second highest out of all prediction market contracts related to the billionaire.

CNBC 4 months ago
Trump says Iran will be bombed at a 'much higher level' if it doesn't agree to peace deal Business & Finance

Trump says Iran will be bombed at a 'much higher level' if it doesn't agree to peace deal

Stocks rose and oil prices plunged on news reports signaling the U.S. and Iran could soon strike an agreement to end the war.

CNBC 4 months ago
FanDuel CEO Amy Howe is out after five years at the sportsbook Business & Finance

FanDuel CEO Amy Howe is out after five years at the sportsbook

Howe has overseen FanDuel during a time of dramatic expansion in sports gambling and as prediction markets have exploded in popularity.

CNBC 4 months ago
Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe Business & Finance

Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe

Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.

CNBC 4 months ago
Apollo CEO Rowan warns of market correction, slams 'egregious' practices at rival insurers Business & Finance

Apollo CEO Rowan warns of market correction, slams 'egregious' practices at rival insurers

Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.

CNBC 4 months ago
The incredible chip sector rally is leaving behind its most notable stock. What's wrong with Nvidia? Business & Finance

The incredible chip sector rally is leaving behind its most notable stock. What's wrong with Nvidia?

The GPU-maker is flat since April 27, while Intel and Micron have popped more than 30% in that time.

CNBC 4 months ago
Nvidia to invest up to $3.2 billion in Corning as part of massive optical fiber deal with 3 new factories focused on AI Business & Finance

Nvidia to invest up to $3.2 billion in Corning as part of massive optical fiber deal with 3 new factories focused on AI

Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.

CNBC 4 months ago
Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging Business & Finance

Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

Uber and Disney pointed to a resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.

CNBC 4 months ago

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