Netflix drops its WBD bid, Block layoffs, Anthropic’s DOD deadline and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
CNBC
The Tech Download: Software was going to eat the world. Now it’s facing an ‘existential’ crisis
Fears that AI will upend the much-loved software-as-a-service business model continue to fuel a selloff in the sector.
Smartphone market poised for ‘sharpest decline on record’ in 2026
Two recent reports predict further declines in the smartphone market in 2026, as dwindling memory supplies continue to drive up prices of consumer electronics.
Smartphone market poised for ‘sharpest decline on record’ in 2026 Read More »
Opinion: Block’s layoffs might just be the biggest story of a tumultuous week. Here’s why
Block, Jack Dorsey’s payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC’s Steve Sedgwick says it’s the biggest story of the week.
See the movie, play the game: How Nintendo is pulling out all the stops to sell the Switch 2
Nintendo is betting on nostalgia and new gamers to drive sales of its flagship Switch 2 console and key games.
Jim Cramer isn’t fretting Nvidia’s post-earnings sell-off. Here’s how he would respond
“Don’t take today as a referendum on anything,” CNBC’s Jim Cramer said after Nvidia’s stock sold off on earnings.
Jim Cramer isn’t fretting Nvidia’s post-earnings sell-off. Here’s how he would respond Read More »
CoreWeave beats revenue projections as backlog swells to nearly $67 billion
CoreWeave is now sitting on a backlog of nearly $67 billion in revenue, with business from Meta and OpenAI.
CoreWeave beats revenue projections as backlog swells to nearly $67 billion Read More »
Block shares soar 20% as company slashes workforce by nearly half
Block said Thursday it’s laying off more than 4,000 employees, or about half of its headcount.
Block shares soar 20% as company slashes workforce by nearly half Read More »
Have we seen peak pricing power for Nvidia chips?
Investors may be concerned that a more balanced supply-demand environment could pressure Nvidia’s ability to sustain elevated margins.
Have we seen peak pricing power for Nvidia chips? Read More »