British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC.
Financial News
To fix Starbucks, incoming CEO Brian Niccol will have to tackle its mobile app problem
When Brian Niccol steps in as CEO of Starbucks, he’ll be tasked with fixing the chain’s operational issues.
Harris outlines an ‘opportunity economy’ centered on cutting food, housing, family costs
Vice President Kamala Harris’ policies would aim to lower the cost of groceries and prescription drugs, expand affordable housing and cut taxes.
Amazon’s troubled drone delivery program faces latest challenge in Texas: Annoyed residents
Amazon is seeking FAA approval to expand its drone delivery service in College Station, Texas, but many residents aren’t too happy.
Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’
Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn’t giving investment advice, Nvidia is the top beneficiary of the AI boom.
World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).
Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
Starbucks tapped Brian Niccol as its latest CEO, effective Sept. 9, after sales slumped under Laxman Narasimhan.
Market sell-off won’t last for one key reason, CIO says: There’s no tech bubble to burst
“I just don’t see a tech bubble. Yes, a few stocks have done well, and they have done well on earnings that they have delivered.”
From villains to Indiana Jones: Everything we learned at Disney’s parks panel at the 2024 D23 Expo
Disney’s classic baddies are getting their own theme park land at the Magic Kingdom in Orlando, Florida.
Disney is hoping for a box office rebound built on sequels, prequels and pixie dust
As Disney seeks to rebuild its reputation and recapture magic at the box office, it is relying heavily on existing, and beloved, franchises.