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Cris Tolomia

Cris Tolomia

Quartz

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Tesla is rolling out its driverless Cybercab robotaxi in Austin ahead of launch event

Video clips shared on X showed Cybercabs circulating without a driver or steering wheel as Tesla prepares to share more details on its robotaxi plans

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Cris Tolomia

Campbell's slashed its dividend and warned of another year of falling sales

The soup maker's board approved a quarterly dividend of $0.25 per share, down from $0.39, to speed up debt reduction

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Cris Tolomia

Waymo is raising more than $3 billion in debt for the first time to fuel its robotaxi expansion

The Alphabet unit is working with Goldman Sachs to finalize the loan, which could price at more than 500 basis points over the benchmark

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Cris Tolomia

Volkswagen is replacing its top U.S. executive after steep sales declines

Marco Schubert will take over as head of the North American region in October, reporting directly to CEO Oliver Blume

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Cris Tolomia

Boeing quietly paid the FAA a $3.1 million safety fine without disclosing it

The fine, paid in January, covered violations tied to the 2024 Alaska Airlines door plug blowout and interference with safety oversight

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Cris Tolomia

Nscale is pitching investors on $103 billion in contracts ahead of a September IPO

The U.K.-based cloud infrastructure company's contracts average 5.7 years in duration, implying about $18 billion in annualized revenue

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Cris Tolomia

Nvidia is buying open-source AI platform Hugging Face for nearly $13 billion

The chipmaker agreed to pay $11.9 billion to Hugging Face stockholders, plus up to $1 billion in retention awards for employees who join Nvidia

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Cris Tolomia

Apple is being sued in the U.K. for $2.7 billion over its app tracking rules

A collective action filed at London's Competition Appeal Tribunal accuses Apple of imposing stricter tracking rules on third-party developers than on...

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Cris Tolomia

HPE is deploying its networking gear across Oracle's AI data centers in a multi-year deal

Oracle plans a multi-year deployment of HPE Juniper networking equipment across its AI data centers globally, with HPE issuing Oracle warrants to...

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Cris Tolomia

A Fed governor signaled he'll support holding rates at the September meeting

Waller said incoming inflation data over the next two weeks will be the deciding factor in his vote at the Sept. 15-16 FOMC meeting

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Cris Tolomia

Anthropic is giving retailers blueprints to build AI shopping agents for the holidays

The tools include a shopper-facing agent and a merchant agent for retail, travel, telecom, and ticketing platforms

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Cris Tolomia

Employer health costs are poised to see their biggest jump in over two decades

A Marsh survey of more than 1,800 employers found the expected increase would be the largest since 2003

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Cris Tolomia

China's Moonshot AI is confidentially filing for a Hong Kong IPO targeting $3 billion

The Beijing-based developer of the Kimi K3 large language model is valued at $50 billion in an ongoing funding round

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Cris Tolomia

OpenAI is building automated AI shutdown tools after a rogue agent hacked Hugging Face

The company told two House Democrats it is developing automated shutdown capabilities and tighter monitoring for its AI systems

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Cris Tolomia

HPE is raising its sales forecast as AI demand for servers surges but stock slips

The company posted record quarterly revenue of $12.2 billion but stock slipped after results fell short of some investor expectations

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Cris Tolomia

Snowflake stock soars after beating earnings estimates and raising its revenue forecast

The cloud data company raised its full-year product revenue guidance to $6.07 billion, up from a prior forecast of $5.84 billion

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Cris Tolomia

Trump-Xi White House summit is drawing low expectations amid Iran and trade tensions

Analysts say the Sept. 24 meeting is likely to manage tensions rather than resolve them, with Iran sanctions and tariffs clouding the agenda

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Cris Tolomia

GoPro is merging with an optical company in a $285 million pivot to AI and defense

GoPro shareholders will receive $1.14 per share and retain about 10% of the combined company, which plans to expand into AI data centers and defense...

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Cris Tolomia

Google eyes rebound after worst monthly losing streak since 2015

A federal judge rejected the DOJ's push to force Google to sell AdX, the same day Alphabet unveiled its third Flash AI model in six weeks

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Cris Tolomia

Google is launching its most capable AI coding model yet, plus a cybersecurity sibling

Gemini 3.8 Flash targets coding and agentic tasks, while the Cyber variant focuses on vulnerability detection and patching

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Cris Tolomia

Trump's drone tariffs are taking effect, targeting foreign imports with up to 100% duties

Drones with thermal imaging and those weighing more than 55 pounds face the steepest levies, while allied-nation products get reduced rates

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Cris Tolomia

All G20 nations endorsed the U.S.'s hands-off AI framework at Chapel Hill summit

The non-binding "Carolina Principles" call for sector-specific rule-making and closer government-industry collaboration on AI

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Cris Tolomia

Wall Street holds steady after snapping three-day losing streak

Stock index futures wavered Thursday morning after major indexes snapped three-day losing streaks in the prior session

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Cris Tolomia

Microsoft is overhauling its reporting structure to reflect AI's impact on how it operates

The company is moving from three segments to two, and will disclose Azure cloud revenue on a quarterly basis for the first time

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Cris Tolomia

Ford's pickup production is hitting multi-year highs as U.S. sales slump drags on

Super Duty output reached a 20-year high in August, but F-Series sales remain down 10.9% this year following supplier fires

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Cris Tolomia

Google won't be forced to sell its ad exchange after judge rejects DOJ breakup bid

A federal judge in Virginia declined to order Google to sell AdX, handing the DOJ its second straight loss in efforts to break up the tech giant

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Cris Tolomia

Trump is meeting with airline and hotel CEOs to tout a World Cup travel boom

U.S. travel spending rose 6.2% in June, but overseas arrivals fell 7% in July as the industry works to sustain momentum

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Cris Tolomia

NY Fed president is warming to a rate hike ahead of September's critical meeting

Williams said there's "no clear science" on whether current policy is tight enough to bring inflation back to the Fed's 2% target

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Cris Tolomia

Top 20 most viewed music videos on YouTube in 2026

The most viewed music videos on YouTube span reggaeton, K-pop and a decade-old novelty track about a candy mascot, each ranked with its exact view...

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Cris Tolomia

5 U.S. states where your housing dollar goes furthest in 2026 — and 5 where it doesn't

The cheapest states to buy a house in 2026 stretch a budget the furthest, while five pricier markets show where it shrinks fastest

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Cris Tolomia

Meta has permanently disabled cameras on thousands of smart glasses over privacy light tampering

The company estimates less than 0.1% of all glasses sold were affected, but with 7 million units sold in 2025 alone, that puts the number in the...

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Cris Tolomia

Ford is recalling 148,000 Mustangs over a wiring defect that could cut power

The recall covers 2024–2026 Mustang models and stems from a wiring harness ground connection that may fracture

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Cris Tolomia

Palo Alto Networks CEO says there's a $1 trillion AI security gap

CEO Nikesh Arora says legacy security systems can't handle AI-speed attacks, calling it a long-term growth driver for the industry

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Cris Tolomia

Berkshire's CEO says rising Japanese bond yields aren't worrying its trading house partners

Greg Abel said none of the five Japanese trading firms Berkshire holds stakes in flagged rising yields as a fundamental problem

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Cris Tolomia

Ryanair is slashing its winter schedule to dodge soaring jet fuel costs

The budget carrier trimmed its fiscal 2027 passenger target by 2 million, saying the move could cut winter losses by up to €100 million

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John Deere is launching an AI assistant to help farmers make sense of their field data

The tool, built into Deere's Operations Center mobile app, draws on field data to help guide decisions on fertilizer use and other choices

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Cris Tolomia

Berkshire Hathaway's CEO is warning of a data center backlash spreading across the U.S.

Greg Abel told CNBC that Berkshire will serve hyperscalers only if doing so doesn't raise costs for its existing utility customers

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Apple stock is becoming investors' go-to hedge as the AI trade wobbles

Apple's 30-day correlation to the Nasdaq-100 hit its most inverse level since 2005, according to a CNBC analysis

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Cris Tolomia

CrowdStrike and Nvidia are launching a new AI system built specifically for cyber defense

The SafeMind system pairs an offensive model that finds attack paths with a defensive model that closes them, running in a continuous loop

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Cris Tolomia

SpaceX is building its own gas turbine blade factory to power AI faster

Elon Musk says making blades and vanes in-house could bring natural gas turbines online up to 18 months faster

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Cris Tolomia

Anthropic is replacing a controversial data retention policy after pushback from enterprise customers

The company says its new Enterprise Frontier Safeguards system lets businesses store and control their own data while Anthropic runs automated safety...

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Cris Tolomia

Apple's new CEO John Ternus will take home a $58 million pay package

Ternus will earn a $3 million annual salary and a $55 million stock award target, while Tim Cook's new chairman role is valued at $47 million

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Cris Tolomia

Meta's $18 billion settlement could clear the way for a wave of new AI products, analysts say

Meta will book a $10 billion legal charge in Q3 as analysts flag the timing against up to $145 billion in capital expenditure this year

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Cris Tolomia

Google is readying a coding-focused AI model to narrow the gap with Anthropic and OpenAI

Gemini 3.8 Flash, known internally as "Skimaki," is expected to release Wednesday, according to the Wall Street Journal

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Cris Tolomia

Palo Alto Networks topped earnings expectations but its stock kept falling

The cybersecurity company posted $3.41 billion in revenue and $1.02 adjusted EPS, both above estimates, but its stock fell in after-hours trading

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Cris Tolomia

Record oil flowed through the Strait of Hormuz on Monday, Wright tells CNBC

More than 17 million barrels moved through the strait on Monday, Wright told CNBC, surpassing pre-war levels when bypass pipelines are counted

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Cris Tolomia

U.S. private sector added just 38,000 jobs in August, missing expectations

The gain was the smallest since January and fell short of the 47,000 consensus estimate, with most hiring concentrated in education and health...

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Cris Tolomia

UnitedHealthcare is dropping prior approval requirements for 1,700 treatments in October

The nation's largest health insurer said the change, taking effect Oct. 1, is part of a commitment to cut prior authorization volume by 30% by...

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Cris Tolomia

MongoDB stock sank after beating earnings but signaling slower growth ahead

The database company topped revenue and profit estimates for its fiscal second quarter, but Atlas revenue grew at the same pace for a third straight...

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Cris Tolomia

OpenAI's Astra model is cleared for release after hitting its highest cybersecurity risk threshold

The company said Astra is the first model it has designated "Critical" under its Preparedness Framework, capable of finding and exploiting unknown...

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Cris Tolomia