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Stories published on May 29
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  • Stories published on May 29

Wednesday, May 29

00

UiPath CEO Rob Enslin is resigning on June 1, to be replaced by co-founder Daniel Dines, who stepped down as co-CEO on January 31; PATH drops 30%+ after hours (CNBC)

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UiPath CEO Rob Enslin is resigning on June 1, to be replaced by co-founder Daniel Dines, who stepped down as co-CEO on January 31; PATH drops 30%+ after hours — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values…

23

15

Amazon, Target, Diamondback Energy And More On CNBC's 'Final Trades'

www.benzinga.com

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management called Amazon.com, Inc. (NASDAQ:AMZN) a gift under $200.

08

Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% in the past year, has a ~$208B market cap, compared with Alibaba's $196B and JD.com's $48B (Sheila Chiang/CNBC)

www.techmeme.com

Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% in the past year, has a ~$208B market cap, compared with Alibaba's $196B and JD.com's $48B — PDD's value-for-money positioning and growth of its Temu marketplace has helped…

03

CNBC Daily Open: Nasdaq tops 17,000; Exxon faces shareholder revolt

www.cnbc.com

Texas Instruments has become the latest company targeted by activist investor Elliott, which has taken a $2.5 billion stake in the chipmaker.

Tuesday, May 28

22

HubSpot shares jump 8%+ after CNBC's David Faber reported that Alphabet is in talks about an all-stock bid for the company (Jennifer Elias/CNBC)

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HubSpot shares jump 8%+ after CNBC's David Faber reported that Alphabet is in talks about an all-stock bid for the company — HubSpot shares rallied 9% on Tuesday after CNBC's David Faber reported that Alphabet is looking at an all-stock…

18

HubSpot Shares Climb After CNBC Anchor Confirms Alphabet Acquisition Rumor

www.benzinga.com

CNBC's David Faber seemingly confirmed Alphabet's rumored acquisition of the cloud-based growth platform. "There have been many reports about HubSpot being in conversations with Google," Faber said. "My understanding is absolutely true,…

16

Netflix, IBM And A Big Bank On CNBC's 'Final Trades'

www.benzinga.com

Analyst Stephen Weiss praised Netflix; viewers reportedly watched over 90 billion hours of content in the second half of 2023, alone.

14

T-Mobile plans to acquire most of UScellular, including its stores, some of its spectrum assets, and its customers, in a $4.4B deal, including up to $2B of debt (CNBC)

www.techmeme.com

T-Mobile plans to acquire most of UScellular, including its stores, some of its spectrum assets, and its customers, in a $4.4B deal, including up to $2B of debt — Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced…

10

CNBC Daily Open: Musk's artificial intelligence startup raises $6 billion

www.cnbc.com

Elon Musk's artificial intelligence startup, xAI, secured $6 billion in Series B funding, valuing the company at $24 billion.

Saturday, May 25

08

Similarweb: Truth Social's average number of US monthly visits was just over 4M from May 2023 to April 2024, down 39%+ from the prior 12-month period (Kevin Breuninger/CNBC)

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Similarweb: Truth Social's average number of US monthly visits was just over 4M from May 2023 to April 2024, down 39%+ from the prior 12-month period — Nearly two-and-a-half years after its launch, Truth Social is struggling to hang onto…

05

A look at the challenges facing AWS' new CEO Matt Garman as the cloud unit battles the perception that it's falling behind Microsoft and Google in AI rollouts (Annie Palmer/CNBC)

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A look at the challenges facing AWS' new CEO Matt Garman as the cloud unit battles the perception that it's falling behind Microsoft and Google in AI rollouts — In May 2023, Amazon CEO Andy Jassy was asked by an attendee at the annual…

Friday, May 24

17

Nvidia CEO Jensen Huang's 3.5%+ stake in the company grew from ~$3B to $90B+ in five years, as the stock grew 28x, including more than doubling so far in 2024 (Kif Leswing/CNBC)

www.techmeme.com

Nvidia CEO Jensen Huang's 3.5%+ stake in the company grew from ~$3B to $90B+ in five years, as the stock grew 28x, including more than doubling so far in 2024 — Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth…

16

Nasdaq, Archer-Daniels-Midland And More On CNBC's 'Final Trades'

www.benzinga.com

Joshua Brown of Ritholtz Wealth Management named Nasdaq, Inc. as his final trade on CNBC's "Halftime Report Final Trades."

09

CNBC Daily Open: Dow's worst day in 2024, Nvidia shares pop

www.cnbc.com

Nvidia's blockbuster earnings and forecast couldn't stop Wall Street from taking a late dive.

03

CNBC Daily Open: Dow sinks 600 points, Nvidia soars

www.cnbc.com

Nvidia's blockbuster earnings and forecast couldn't stop Wall Street from taking a late dive.

Thursday, May 23

19

CNBC's Inside India newsletter: The secret of the stock market rally

www.cnbc.com

Squirreling away a portion of one's income for a rainy day would typically be considered prudent behavior. Yet, in India, it's helping make stocks overvalued.

17

US DOJ and state AGs sue to break up Ticketmaster parent Live Nation over alleged antitrust violations, following a DOJ probe and Taylor Swift fan complaints (CNBC)

www.techmeme.com

US DOJ and state AGs sue to break up Ticketmaster parent Live Nation over alleged antitrust violations, following a DOJ probe and Taylor Swift fan complaints — The U.S. Department of Justice is suing to break up Live Nation, the parent…

15

Walmart, Vertex Pharmaceuticals And More On CNBC's 'Final Trades'

www.benzinga.com

Walmart Inc. reported a "really strong" quarter, with e-commerce sales surging 21%. Adjusted EPS was 60 cents.