Published on: 2025-04-27 11:45:59
Shares of Hewlett Packard Enterprise jumped nearly 5% after Elliott Investment Management built a more than $1.5 billion stake in the server maker, a person familiar with the matter told CNBC. The activist investor hopes to engage the company in discussions on how to improve shareholder value, the source said. Elliott declined to comment on the news. HPE did not immediately respond to CNBC's request. Shares of the data center equipment maker have lost more than a fourth in value this year. La
Keywords: cnbc company elliott hpe said
Find related items on AmazonPublished on: 2025-05-01 03:27:52
In Brief General Motors is laying off 500 workers at a factory in Canada because of weak demand for its all-electric BrightDrop vans, according to CNBC. GM told CNBC that the cuts were not related to the ongoing trade war being waged by President Donald Trump. The company is cutting one of the two shifts at the CAMI plant in Ontario, and will idle the facility for 20 weeks beginning in May. The cuts are the newest twist in BrightDrop’s short but somewhat tumultuous history. It created BrightD
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Find related items on AmazonPublished on: 2025-05-09 23:36:21
In Brief On Monday, Microsoft reportedly terminated the roles of two software engineers, Ibtihal Aboussad and Vaniya Agrawal, who protested the company’s reported dealings with the Israeli military during Microsoft’s Copilot and 50th anniversary event last week. According to an internal message viewed by CNBC, Microsoft wrote that Aboussad could have raised concerns “confidentially with your manager, or with Global Employee Relations. Instead, you chose to intentionally disrupt the speech of M
Keywords: aboussad ceo cnbc company microsoft
Find related items on AmazonPublished on: 2025-05-26 19:53:09
Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter. The company initially filed the offering at $47 to $55 per share. The source told CNBC's Leslie Picker that CoreWeave is not planning on downsizing or refiling at this time. CoreWeave did not immediately respond to CNBC's request for comment. Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers bas
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Find related items on AmazonPublished on: 2025-06-19 18:31:52
is a senior policy reporter at The Verge, covering the intersection of Silicon Valley and Capitol Hill. She spent 5 years covering tech policy at CNBC, writing about antitrust, privacy, and content moderation reform. Attorneys at the Federal Trade Commission (FTC) asked a federal judge Wednesday to delay its consumer protection trial against Amazon by two months, saying that staffing losses and a possible office move could hinder its ability to prepare. “We have lost employees in the agency, i
Keywords: cnbc ftc government office trial
Find related items on AmazonPublished on: 2025-06-21 09:55:43
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years. The cloud software giant said the investment is designed to accelerate the country's digital transformation and the adoption of Salesforce's flagship AI offering Agentforce. Salesforce is among the many technology companies hoping to boost revenue
Keywords: agentforce ai cnbc salesforce singapore
Find related items on AmazonPublished on: 2025-07-03 02:08:42
The Xiaomi booth at the Mobile World Congress 2025 in Barcelona, Spain. Arjun Kharpal | CNBC Just as Huawei is looking to dip its toe into international smartphone sales again and other Chinese players are growing quickly, Trump is back in the White House, which is likely to overshadow these companies' presence at MWC, according to Ben Wood, chief analyst at CCS Insight. "I think also unfortunately for Huawei, just as they are starting to get back on their feet, the re-emergence of Trump and hi
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Find related items on AmazonPublished on: 2025-07-03 11:00:21
is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020. The Consumer Financial Protection Bureau (CFPB) today dismissed a lawsuit against Early Warning Services, the company that runs the Venmo-like Zelle payment platform, as well as the three banks that share ownership of it, reports CNBC. The CFPB, which enforces regulations against the financial services industry, had claimed in its December 2024 lawsuit th
Keywords: cfpb cnbc consumer effectively zelle
Find related items on AmazonPublished on: 2025-07-12 08:44:49
Standard Chartered's bullish crypto analyst still sees bitcoin's price hitting $500,000 during Donald Trump's presidency — even after a selloff that sank the world's largest digital currency to a three-month low. Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will hit the $200,000 mark this year before climbing even further in the coming years. "Within the crypto ecosystem, what we need are traditional financial players, like Standa
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