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Monthly Archives: June 2023

Here’s what to watch out for in Friday’s jobs report for May

Construction workers on a job site on May 05, 2023 in Miami, Florida. Joe Raedle | Getty Images Watching the monthly jobs reports this year has been something of a waiting exercise, with economists and market participants looking for a downturn that never seems to arrive. That scenario is likely …

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Boeing further delays first Starliner astronaut mission for NASA

Boeing employees work on the company’s Starliner capsule in preparation for the first crew flight test, Jan. 19, 2023. John Grant / Boeing Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced alongside NASA on Thursday. The …

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Meta says it will block news in California if bill becomes law

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022.  David Paul Morris | Bloomberg | Getty Images California lawmakers advanced a bipartisan bill on Thursday that would require Big Tech platforms to pay publishers for …

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MongoDB (MDB) Q1 earnings report 2024

Dev Ittycheria, CEO, MongoDB Scott Mlyn | CNBC Shares of MongoDB rose as much as 22% in extended trading on Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by …

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Lululemon (LULU) earnings Q1 2023

Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading. Here’s how the retailer did in its fiscal first quarter compared …

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CNN hires David Zaslav confidant as new COO, underscoring bond

Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN’s new chief operating officer, the …

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Here’s why Diddy is suing Diageo over his vodka and tequila brands

Diddy attends The After, hosted by the entrepreneur and Doja Cat, powered by Ciroc Premium Vodka and DeLeon Tequila at Club Love in New York City, May 1, 2023. Shareif Ziyadat | Getty Images Sean “Diddy” Combs is suing multinational spirits giant Diageo for alleged racial discrimination in the handling …

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Mark Wahlberg lobbies to make Las Vegas Hollywood in the desert

One of Las Vegas’s more famous residents is aiming to work closer to home. Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill that would coax more film production to Las Vegas. “I would love to see us building studios, creating jobs and just diversifying the economy,” …

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Senate votes to repeal Biden’s student loan forgiveness plan. White House warns Biden will veto

The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October  — is expected to veto the bill. Getty Images | Bloomberg Sen. Joe Manchin, D-W.V., said in a statement that he voted …

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Microsoft inks deal with CoreWeave to meet OpenAI cloud demand

Microsoft CEO Satya Nadella Jordan Novet | CNBC Microsoft‘s massive investment in OpenAI has put the company at the center of the artificial intelligence boom. But it’s not the only place where the software giant is opening its wallet to meet the surging demand for AI-powered services. CNBC has learned …

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