A hot streak for gold helped fuel a strong start to the year for Greenlight Capital, and hedge fund manager David Einhorn said Wednesday he still sees more upside for the yellow metal. The price of spot gold has surged more than 20% this year, with most of those gains coming in the first quarter….
People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company’s corporate headquarters in San Bruno, California, on April 23, 2025. Josh Edelson | AFP | Getty Images YouTube on Wednesday announced a new tool that will allow advertisers to use Google’s Gemini AI…
An Amazon device is displayed at an Amazon Devices launch event in New York City, U.S., Feb. 26, 2025. Brendan McDermid | Reuters Amazon is laying off roughly 100 employees in its devices and services division, the company confirmed on Wednesday. The devices and services unit includes a wide range of businesses, such as the…
Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. David A. Grogen | CNBC Age isn’t just a number for Warren Buffett after all. The 94-year-old investment legend recently surprised shareholders by announcing his intention to step down as Berkshire Hathaway CEO after an epic…
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices said Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%. The authorization…
Omar Marques | Sopa Images | Lightrocket | Getty Images Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO. The stock opened at $69.69, or 34% above its initial offering price. Shares were last up more than 40%. The Israel-based company sold…
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans have advanced trillions of tax breaks as part of President Donald Trump’s economic package. After debating the legislation overnight, the House Ways and Means Committee,…
U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Saudi Press Agency | Via Reuters U.S. President Donald Trump met with Syrian leader Ahmed al-Sharaa in Saudi Arabia before heading to Qatar on Wednesday, the White House said, one day after Washington…
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics startup Databricks said Wednesday that it’s buying Neon, a cloud-based database software vendor, for about $1 billion. It’s the latest big deal for Databricks, which bought artificial intelligence model training startup MosaicML for $1.3 billion in 2023 and paid over $1 billion last year for data…
Dana Walden, co-chair of Disney Entertainment, laid out the media company’s business strategy in a Tuesday interview with CNBC’s Jim Cramer. She highlighted how Disney bundles streaming services in connection with leveraging its linear television arm. “We look at our linear channels, our core linear channels — FX, Disney Channel, Nat Geo and ABC —…
