The Trump administration is getting angry as EU Big Tech fines top $7 billion in 2 years
[ad_1] The Trump administration is increasingly on a collision course with the European Union over Big Tech fines. Google, Apple and Meta are contesting fines from the EU over violations of the bloc’s antitrust and competition laws, which total over 6 billion euros, or $7 billion, since the start of 2024. They’re an increasing bone […]
CNBC Daily Open: Get ready for Trump’s Iran war update
[ad_1] U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC. Chip Somodevilla | Getty Images Hello, this is Holly Ellyatt writing to you from London. Welcome to another edition of CNBC’s Daily Open. Global markets will be on tenterhooks today […]
Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: ‘Redmond is in a pickle’
[ad_1] Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant’s prospects in artificial intelligence. The company’s […]
27-year-old Amazon employee relocated from India to Ireland and spends up to $2,927 a month: ‘My quality of life has improved’
[ad_1] While attending college at the Indian Institute of Information Technology, Allahabad, Suras Nayak knew he wanted to leave his hometown of Hyderabad, India, and travel the world. “When I was growing up, I always had this idea somewhere behind my head that I always wanted to move abroad, but I was a little bit […]
Oracle stock jumps 9% on earnings beat and increased guidance as cloud revenue climbs 44%
[ad_1] Oracle shares rose as much as 10% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Oracle sees $1.92 and $1.96 in adjusted earnings per share for the fiscal fourth quarter, with revenue growth between 19% and 20%. […]
Salesforce shares sink on mixed guidance as company commits $50 billion for buybacks
[ad_1] Salesforce CEO Marc Benioff during the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. Krisztian Bocsi | Bloomberg | Getty Images Salesforce shares tumbled 5% in extended trading on Wednesday after the customer service software maker reported healthy results, although its fiscal 2027 revenue view trailed Wall Street projections. Here’s how the company […]
Software stocks rebound as Anthropic announces new partnerships
[ad_1] Software stocks made a comeback on Tuesday after Anthropic hosted its enterprise agents event, where it revealed new partnerships, quelling some investor fears that the sector could be displaced by artificial intelligence. The AI startup launched new updates to Claude Cowork that allow companies to integrate the productivity tool into a host of enterprise […]
As Wall Street punishes software stocks over AI concerns, Canva gets more acquisitive
[ad_1] From left, MangoAI’s Nirmal Govind, Canva Co-Founder and Chief Operating Officer Cliff Obrecht and MangoAI’s Vinith Misra. Canva Software stocks have been hammered in recent weeks as investors worry about threats from artificial intelligence. In the startup world, Canva has been among the highest fliers due to its popularity with designers, but that market […]
How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors
[ad_1] Hyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants’ so-called ‘fortress balance sheet’ status, and rips up what they call the “unspoken contract” that kept speculative AI spending largely separate from debt markets. After Amazon, […]