Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X early Thursday morning, citing the “fast evolution of AI capabilities” and difficulties around currency exchange rates. “We have witnessed the most significant shift in how companies are built since the invention of modern programming…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you’re attending CNBC Pro Live tonight at the Nasdaq MarketSite, look out for me at the cocktail hour. Stock futures are lower this morning after all three major averages eked out gains yesterday. Here are five key things investors…
U.S. Rep. Ro Khanna visits Ultium Cells, an electric vehicle battery manufacturing plant in Warren, Ohio. Garrett Downs | CNBC PENNSYLVANIA, OHIO and MICHIGAN — U.S. Rep. Ro Khanna was riding shotgun in a black Chevrolet Suburban hurtling down an Ohio highway. His mind was on the economy. “I do think I have the right…
Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Dutch cloud provider Nebius popped in premarket trading Thursday after an ex-OpenAI employee’s fund disclosed a sizeable stake in the firm. Situational Awareness, a hedge fund founded…
A criminal could be masquerading as a celebrity, web store or family member asking for your money. Detecting scams requires a new approach. Source link
French startup Mistral AI is exploring designing its own chips and may eventually develop them, CEO Arthur Mensch told CNBC. It is the first comment made by Mensch about Mistral’s semiconductor ambitions, underscoring how the company is looking to control more of its infrastructure as it competes with U.S. heavyweights OpenAI and Anthropic. “Of course,…
Zscaler‘s stock plummeted more than 30% on Wednesday for its worst day ever after issuing underwhelming guidance that overshadowed better-than-expected fiscal third-quarter results. The cybersecurity company guided for 16% to 17% year-over-year annual recurring revenue growth for the 2027 fiscal year, falling short of StreetAccount estimates. Zscaler expects $875 million to $878 million in revenue…
U.S. Secretary of Defense Pete Hegseth looks on during a press briefing at the Pentagon on May 5, 2026 in Arlington, Virginia. Chip Somodevilla | Getty Images The Department of Defense on Wednesday announced a five-year, roughly $9.7 billion deal with Dell to provide a suite of software to the U.S. military. The award, known…
An LG Energy Solution Co. battery cell at the InterBattery exhibition in Seoul, South Korea, on Wednesday, March 5, 2025. SeongJoon Cho | Bloomberg | Getty Images Shares of LG Energy Solution surged as much as 16.56% Thursday after its U.S. unit secured a deal to supply battery cells for DTE Energy‘s storage projects in Michigan. The eight…
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Amazon‘s top health-care boss will step down from his role and be replaced by the cofounder of telemedicine company Amwell, the company announced Wednesday. Neil Lindsay, who joined Amazon…