Amazon CEO of Worldwide Consumer Dave Clark resigns

Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon‘s worldwide consumer business and a top lieutenant of CEO Andy Jassy, ​​will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday. Amazon did not name a replacement for Clark. In … Read more

Musk’s Twitter deal faces backlash from advocacy groups

Pavlo Gonchar | light rocket | Getty Images A dozen advocacy groups are launching a new campaign Friday aimed at blocking You’re here CEO Elon Musk’s $44 billion purchase of Twitterwarning he will degrade important safeguards on the platform if he’s allowed to take control. The Stop the Deal campaign, shared exclusively with CNBC, includes … Read more

Here’s what’s in New York’s new bitcoin mining ban

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it. If Hochul signs the bill, it would … Read more

Cloud stocks mount rally led by UiPath, as investors see market bottom

Daniel Dines, CEO, UiPath at company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beat down … Read more

Recession-fearing investors keep slashing fastest-growing cloud stocks

Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in New York on Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief this past week, as the Nasdaq broke a seven-week losing streak, its worst stretch since the dot-com bust … Read more

Apple union push faces setback; Atlanta organizers withdraw vote bid

Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. Stephen Zenner | SOPA Pictures | LightRocket | Getty Images A union votes at an Apple store at the Cumberland Mall location in Atlanta is in doubt … Read more

Twitter director Egon Durban won’t leave board after shareholder vote

Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter director Egon Durban won’t leave the board, even though he offered to resign … Read more

Microsoft partners with Kawasaki for industrial metaverse

Microsoft’s HoloLens 2. Andrew Ever | CNBC You may not be ready to jump into the metaverse for fun, but it could be coming to work sooner than you think. Microsoft announced Tuesday that Kawasaki is a new customer for the tech giant’s so-called “industrial metaverse” ⁠— a fancy way of saying factory floor workers … Read more

Cisco (CSCO) earnings Q3 2022

Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected … Read more

Salesforce will help employees relocate for abortion access

CEO of Salesforce Marc Benioff attends a meeting with US President Joe Biden and private sector CEOs in the State Dining Room of the White House on January 26, 2022 in Washington, DC. Drew Anger | Getty Images Salesforce told employees in a Slack message on Thursday that the company will help them relocate if … Read more