Nvidia stock falls after U.S. government restricts chip sales to China
Nvidia said on Wednesday that it's been told by the U.S. government to stop selling chips in China and Russia....
Technology
MicroStrategy chairman Michael Saylor accused of evading $25 million in taxes by DC attorney general
D.C. Attorney General Karl Racine accused tech billionaire Michael Saylor of evading $25 million in District taxes in a new...
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
Klarna reported a pre-tax loss of nearly 6.2 billion Swedish krona in the first half of 2022, up from 1.8...
Snap says major business restructuring is coming and confirms it’s cutting 20% of staff
Snap will lay off 20% of its staff of more than 6,000 employees and scrap several projects, including its Pixy...
Top SoftBank exec and key Son ally steps back from more roles after losses mount at the Japanese giant
Rajeev Misra, a top executive at SoftBank and a key ally of CEO Masayoshi Son, stepped down from his roles...
Neutral Foods gets money from Gates, Cuban, and LeBron James to help dairy farmers cut greenhouse gas emissions
Bill Gates' investment fund, Breakthrough Energy Ventures, announced on Wednesday it is leading a $12 million round of investment in...
Chinese tech giant NetEase buys Star Wars game maker, marking its first major push into Europe
NetEase announced on Wednesday it acquired French games developer Quantic Dream, marking the establishment of its first fully-owned gaming studio...
Snap will lay off 20% of staff, report says
The layoffs will begin on Wednesday and affect certain departments including hardware and developer products. Snap recently said it would...
Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud
The House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect...
California passes bill aimed at making the internet safer for kids
California's state legislature passed a bill this week that, if enacted, would require online platforms to take extra measures to...
First Solar announces new U.S. panel factory following the Inflation Reduction Act
First Solar, the largest solar panel manufacturer in the U.S., said Tuesday that it will build a new panel factory...
Trump’s Truth Social barred from Google Play store over content moderation concerns
Donald Trump's Truth Social is not available on the Google Play store. The restriction means that 44% of smartphone users...
Facebook is shutting down its game streaming app after struggling to challenge Amazon’s Twitch
Starting Oct. 28, Facebook Gaming will no longer be available on iOS and Android. Gaming features will continue to be...
Elon Musk cites whistleblower claims in latest effort to scrap Twitter deal
Elon Musk filed another notice on Tuesday to terminate his acquisition of Twitter, citing additional reasons. Twitter shares were down...
Susan Wojcicki was in talks to be Elon Musk’s number two at Tesla before taking YouTube CEO role, book says
A new book about YouTube reports chief Susan Wojcicki, who was famously loyal to Google cofounders Sergey Brin and Larry...
Sony sets up a PlayStation mobile gaming division in a major push beyond consoles
Sony set up a dedicated PlayStation mobile gaming unit in a major push beyond consoles. Sony also said on Monday...
YouTube appoints Mary Ellen Coe as Chief Business Officer, following departure of Robert Kyncl
YouTube Chief Business Officer Robert Kyncl is leaving the company after more than 12 years. Kyncl will be replaced by...
Tesla ban on pro-union shirts violated workers’ rights, labor board rules
Tesla violated workers' rights when it told employees they couldn't wear shirts with pro-union insignia at the factory, The National...
Expect Apple to show four new iPhones and an updated Apple Watch next week
Apple is holding a launch event at its headquarters in Cupertino, California, on Sept. 7. The company is expected to...
Where Amazon is heading in health after the Amazon Care failure
To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo-council/ Founding Members CNBC CFO Council When Amazon announced plans to...
