Pinterest CEO rebukes, fires 'obstructionist' employees who created tool to track layoffs
Pinterest CEO Bill Ready lashed out at staffers who created an internal tool to track layoffs at the company, and fired those involved.
Stocks fall as S&P 500 dragged down by tech. Is the selling over?
An ETF focused on software stocks just saw its worst day since April 2025.
AI disruption fears rock software stocks again. How Jim Cramer is navigating the sell-off
CNBC's Jim Cramer said the sell-off in software reflects a shift in how investors value future growth rather than a collapse in earnings.
Super Micro logs record revenue from AI demand, and the stock surges
Super Micro’s revenue exploded to $12.7 billion as delayed orders finally materialized, but aggressive competition and rising costs pushed gross margins to a razor-thin 6.3%
Elon Musk’s plans for SpaceX data centers in orbit could cost $5 trillion a year, analysts say
Analysts at research firm MoffettNathanson say ‘the capital needs would simply be enormous’
Nvidia, OpenAI appear stalled on their mega deal. But the AI giants still need each other
Five months after OpenAI and Nvidia announced a $100 billion deal, no contract has been signed and no money has changed hands.
Why Gartner and other IT stocks got slammed on Tuesday
Gartner says customers are “slowing and deferring everything possible” as they make sense of a shifting AI landscape.
Chipotle’s outlook for the year casts doubt on a restaurant-industry rebound
Shares of Chipotle Mexican Grill Inc. fell sharply after hours on Tuesday, after the fast-casual Mexican chain’s same-store outlook came in below expectations, and the company outlined steps it planned to take to regain growth.
Wall Street expects Warsh to live with the Fed’s ‘bloated’ balance sheet
Kevin Warsh, President Trump’s pick as the next chair of the Federal Reserve, has long expressed a desire to shrink what he calls the central bank’s “bloated” balance sheet. But doing so is not as easy as it might sound.
Private credit stocks plummet on concern about exposure to software industry disrupted by AI
Shares of stocks with significant private credit market exposure were diving on fears about exposure to the industries being disrupted by artificial intelligence, including software.
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