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Categories Business

Microsoft confirms performance-based job cuts across departments

January 10, 2025

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus

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Categories Business

Disney says about 157 million global users are streaming content with ads

January 10, 2025

Disney said Wednesday it has an estimated 157 million global monthly active users watching ad-supported content across its streaming platforms — Disney+, Hulu

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Categories Business

Dockworkers union, port companies reach tentative 6-year deal

January 10, 2025

Tens of thousands of dockworkers reached a tentative agreement Wednesday on a new, six-year contract with the U.S. Maritime Alliance, which represents

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Categories Business

Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

January 9, 2025

Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for

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Categories Business

U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm

January 9, 2025

The chief executive of U.S. Steel appealed directly to President-elect Donald Trump to take a second look at a Japanese company’s $15

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Categories Business

Panera Brands CEO steps down; CFO to fill in as interim chief

January 9, 2025

Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge

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Categories Business

Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says

January 9, 2025

D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked

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Categories Business

FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases

January 8, 2025

Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending

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Categories Business

Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants

January 8, 2025

Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is

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Categories Business

Sierra Space CEO leaves as $5 billion company pushes to launch space plane

January 8, 2025

Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement, Sierra Space said Vice retired Dec. 31. Chairman Fatih Ozmen

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