Author: Editor-In-Chief

Uber CEO Dara Khosrowshahi answers audience questions during a recording of the podcast “On With Kara Swisher” at the Bloomberg Center at Johns Hopkins University in Washington, DC, on December 15, 2025. Chip Somodevilla | Getty ImagesUber is cutting its human resources staff by 23% in an effort to streamline operations under new president Jill Hazelbaker.”Changes are necessary to maximize the effectiveness of our HR teams and the enormous potential before us,” CEO Dara Khosrowshahi said in a memo.Affected segments include recruiters and human resources professionals. Uber hasn’t disclosed how many employees it will cut, but a spokesperson for the…

If Alphabet’s record $85 billion stock sale is any indication of investor appetite for AI-related products, and it is, then it’s safe to say that investors are hungry. Google’s parent company originally planned to sell the first tranche of $40 billion worth of various equity products (two different types of stocks and smaller “depositary shares” priced to be accessible to a wider range of investors). But the offering was so oversubscribed that the company raised $45 billion instead, CEO Sundar Pichai said in a post on X on Monday. Among the buyers was Berkshire Hathaway, still known for its love…

U.S. Secretary of State Marco Rubio testifies during a Senate Foreign Relations Committee hearing on the State Department’s fiscal year 2027 budget at the Capitol on June 2, 2026 in Washington, DC. Brendan Smialowski AFP | Getty ImagesSecretary of State Marco Rubio said Tuesday that Iran has dug land mines in “large parts” of the Strait of Hormuz, suggesting that explosives in the strategic sea lane are more widespread than previously acknowledged. “They’re shelling commercial ships, they’re digging mines in large parts of the international waters in Hormuz,” Rubio told the Senate Foreign Relations Committee in his first appearance before…

Bitcoin’s According to Compass Point, high-ranking convicts are also joining in the crypto sell-off, which could signal the beginning of the end of the ongoing crypto recession. Compass Point analyst Ed Engel said in a note on Tuesday that long-term holders (defined as those who have held a coin for at least 155 days, or about five months) were largely inactive from February to April, but have turned sellers in recent weeks. In the past two days, they have sold about $2.4 billion in Bitcoin, “which has a significant impact on the balance of supply and demand for BTC,” Engel…

The US Secretary of State has defied Congress by dodging questions about the US government’s position on Israel’s nuclear program.US Democrats pressed top diplomat Marco Rubio on whether Israel has nuclear weapons, but the secretary of state did not provide a clear answer.Rubio told Congressman Joaquin Castro during Wednesday’s hearing that “much of the world appreciates that,” but declined to share the U.S. government’s own position on Israel’s nuclear weapons.Recommended stories list of 3 itemsend of listHe suggested that the issue should instead be discussed in private.The exchange highlighted a decades-old taboo in American politics against speaking publicly about Israel’s…

londonReuters — Security officials from the Five Eyes alliance, which includes the United States and Britain, warned on Wednesday that Chinese spies are actively using online recruitment platforms to recruit people with access to classified information. The “Keep Our Secrets” bulletin said that China’s military intelligence agencies used a wide range of professional networking sites and online recruitment services to target government officials, military personnel, or anyone with access to classified information. The domestic security agencies of the United States, United Kingdom, Canada, Australia, and New Zealand said that “China’s military intelligence services ultimately aim to acquire privileged military, political,…

Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC TV producers were looking at when the S&P 500 index hit its first close above 7,600, and what they’re looking at next. Another day, new record The S&P 500 rose 0.13% on Tuesday, marking its ninth straight day of gains. This is the longest record since May last year. It’s up 20% from its March lows. The Nasdaq Composite Index rose 0.03%, also…

Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Wednesday’s key moments. 1. Stocks fell on Wednesday as oil prices rose above $95 per barrel following new airstrikes between the US and Iran. “Every time oil prices go up, interest rates go up and the market gets worse,” Jim said. The financial sector was the worst performer, as rising bond yields weighed on interest-rate-sensitive stocks and reignited concerns about private credit. Artificial intelligence and technology names also weighed on the overall market. Jim noted that for the S&P 500 to…

U.S. President Donald Trump speaks to reporters near the construction site for a planned banquet hall at the White House on May 19, 2026 in Washington, DC. Kent Nishimura | AFP | Getty ImagesSenate Republicans on Wednesday stripped President Donald Trump’s proposed White House banquet hall and Secret Service security funding of up to $1 billion from the Immigration Enforcement Act.According to multiple media reports, Republican leaders have privately concluded that the funding proposal risks derailing the broader immigration bill both politically and procedurally. The provision also raised political concerns among some Senate Republicans, who worried that the funding would…

In what may be one of the most questionable uses of AI ever, Amazon announced Wednesday that it will now display AI-generated images of products within its shopping app based on users’ search queries. That’s right. Retailers where people buy real products believe that by displaying fake photos, it will be easier for consumers to find the products they are looking for. That’s enough. Here’s what Amazon says in a blog post that this feature works: Your customer may have something in mind, but they don’t know the right terminology to describe it in a way that returns useful results.…