Amazon to close eight Go convenience stores in cost-cutting move

After more than a year in beta, Amazon has opened its cashier-less grocery store to the public Stephen Brashear | Getty Images Amazon plans to close eight of its Go convenience stores, the company said Friday, a move that coincides with a rollback of its physical footprint and a broader cost-cutting effort. The company will … Read more

Honor hints at new foldable smartphone after Magic Vs launch

The Honor Magic Vs is on display at Honor’s stand at the Mobile World Congres in Barcelona. The nearly $1,700 device is Honor’s attempt to challenge Samsung in the foldable smartphone market. Arjun Kharpal | CNBC Honor CEO George Zhao has a simple philosophy: make the best products, and the Chinese smartphone maker’s sales numbers … Read more

‘Master Plan Part 3’ teased

Electric vehicle manufacturer You’re here is set to host an Investor Day presentation at 3:00 a.m. local time in Austin, Texas on Wednesday. CEO Elon Musk has promised to share his “Master Plan 3” and discuss how Tesla plans to grow in the face of growing competition. Musk wrote in a Tweeter February 7, 2023, … Read more

Nvidia rival Sapeon is seeking a $400 million valuation; plans new AI chip

BARCELONA, Spain — Sapeon, a South Korean artificial intelligence chip startup headquartered in California, is raising a funding round that brings its valuation to more than $400 million, its CEO told CNBC. The startup is backed by huge South Korean companies SK Telecom, memory chip maker SK Hynix and SK Square, an investment company spun … Read more

Parabola, Target, Zoom, Arconic and more

Dish Networks is exhibiting at CES 2016 in Las Vegas. Justin Solomon | CNBC Check out the companies making the biggest leaps in pre-market commerce: Dish Network — Shares of the satellite company fell nearly 5% amid its multi-day service outage and double downgrade by Bank of America. Dish shares are down 13.5% in 2023 … Read more

Senior EU official says there is no ‘battle’ over network funding

EU Internal Market Commissioner Thierry Breton delivers a speech during a press conference at the Mobile World Congress in Barcelona. Joseph Lago | AFP | Getty Images BARCELONA — A senior European Union official insisted on Monday that the debate around tech giants paying for their use of telecom networks is not sparking a “battle” … Read more

Our take on these oversized tech assets

Apple (APPL) and Nvidia (NVDA) hit the headlines on Monday, with bullish implications for both Club holdings. Here’s a news recap and our take on these two big tech names, along with an analysis of the negative ripple effects for embattled chipmaker Qualcomm (QCOM). Apple (APPL) The news: The Wall Street Journal reported on Monday … Read more

Mike Pence, Trump’s former vice president, slams GOP Putin apologists during speech in Ukraine

Former Vice President Mike Pence speaks during a parent rights rally February 15, 2023 in Cedar Rapids, Iowa. Charlie Neibergall | PA Former Vice President Mike Pence, the Republican presidential candidate for 2024, on Friday denounced his own party’s “apologists” for Russian President Vladimir Putin while issuing a strong plea for the United States to … Read more

SEC rejects Musk’s bid to exit ‘secured funding’ deal

Elon Musk, CEO of Tesla Inc., leaves court in San Francisco, California, U.S., Tuesday, January 24, 2023. Marlena Sloss | Bloomberg | Getty Images The SEC argued in a letter to the United States Court of Appeals for the Second Circuit in New York this week that You’re here CEO Elon Musk still needs a … Read more

Lucid, Nvidia, Dollar General, Sunrun and more

A sign is displayed at Nvidia headquarters on May 25, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Find out which companies are making the headlines early in the morning. Lucid Engines – The electric vehicle maker saw its shares fall 14% premarket after announcing fourth-quarter revenue fell short of expectations. Lucid said … Read more