Google to shut gaming service Stadia in latest cost-cutting effort
Google is shuttering its digital gaming service Stadia, the latest ambitious project to get cut as the company looks to shed costs. The gaming service, which launched in 2019 and…
Apple sparks tech sell-off; Alphabet, Microsoft hit 52-week lows
Apple CEO Tim Cook speaks at an Apple special event at Apple Park in Cupertino, California on September 7, 2022. – Apple is expected to unveil the new iPhone 14.…
Penpot, an open-source rival to Figma, raises $8 million
It’s been 13 days since Adobe announced its plan to spend $20 billion on Figma, the maker of popular design software. In that time, an open-source alternative called Penpot has…
Rising dollar, inflation, supply issues are boosting revenues
Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP’s financial results for 2019 on January 28, 2020 in Walldorf, southwestern…
Tech stocks notch worst two-week stretch since the start of pandemic
Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors.…
Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett
Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with “economic moats” could help investors…
Alibaba pledges $1 billion to cloud computing customers to reignite growth
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick…
We want to buy on market weakness
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. We have no choice but…
UK’s Ofcom probes Amazon, Microsoft and Google over cloud dominance
The probe will focus on so-called “hyperscalers” like Amazon Web Services and Microsoft Azure, which let businesses access computing power and data storage from remote servers. Chesnot | Getty Images…
Salesforce will keep working on security after Uber hack
Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Nicholas Kamm | AFP | Getty Images Salesforce…