Author: Daniel snow
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon shareholders rejected a proposal to adopt a policy that would require the company’s CEO and board chair roles to remain separate.Vote totals disclosed in a filing Thursday show about 82% of shareholders rejected the proposal. The independent proposal was submitted alongside seven others at Amazon’s annual meeting on Wednesday. Each of the independent proposals were rejected.Amazon split the roles of CEO and board chair when founder Jeff Bezos turned the helm over to Andy Jassy in 2021. As…
Jaque Silva | Nurphoto | Getty ImagesDefense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday. L3Harris was recently tapped to help modify a luxury Boeing 747 jet from Qatar’s royal family that President Donald Trump wants to use as a new Air Force One, CNBC reported earlier this month. The settlement announcement came one day after the Pentagon formally accepted the airliner as a gift from the Qatari royal family.”L3Harris is pleased to have been able to amicably resolve the…
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for about $6.4 billion. Ive’s company was founded roughly a year ago and doesn’t have a product on the market.Friar told CNBC on Thursday that any startup as young as io was “hard to value.” But she sees an eventual return on that investment.”You’re really betting…
Williams-Sonoma CEO Laura Alber told CNBC’s Jim Cramer how the company is dealing with the effects of President Donald Trump’s tariff hikes.”We’ve been busy,” she said. “And we’ve also been reminded, you know, it’s important to have that flexible mindset, but also to have options in sourcing, and particularly with our big programs, to have…different alternatives.”The home goods and furniture outfit owns several retail brands alongside its namesake, including Pottery Barn and West Elm. It posted quarterly results on Thursday, managing to beat on earnings and revenue. However, Williams-Sonoma missed analysts’ gross margins estimates, and shares closed down 4.48%.On the…
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesMicrosoft employees are concerned that the company has been blocking Outlook emails containing the words “Palestine,” “Gaza,” “genocide,” “apartheid” and “IOF off Azure,” even if they’re including those terms in an HR complaint, according to screenshots, recordings and documents viewed by CNBC.Employees said they started noticing the change Wednesday just before noon PST, batch-testing emails with the terms in question and emails without them. Only…
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesGovernment scientists on Thursday released a forecast for the 2025 hurricane season, predicting a 60% chance it will be an above-average season.The National Oceanic and Atmospheric Administration, or NOAA, predicts this season will bring 13 to 19 named storms with winds 39 miles per hour or higher. It predicts six to 10 of the forecasted storms will…
The U.S. dollar has struggled to rebound since President Donald Trump announced his “liberation day” tariffs in early April, with some analysts expecting that the greenback’s decline isn’t over even if its status as the world’s reserve currency appears safe for now. Source link
In a recent podcast, the founder of the Steve Madden shoe brand also criticized arguments that the U.S. has been losing jobs to China Source link
Major changes may come when the bill goes to the Senate Source link
Jonathan Raa | Nurphoto | Getty ImagesNick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night.”I was kind of early in bitcoin and ethereum, so I’ve always been trading crypto,” said the 25-year-old Pinto, who claims he finished number 72 on the leaderboard for the token contest. “Once I saw the announcement that Trump was releasing a coin, I immediately started to purchase it.”Pinto said in…