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Business

Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years

Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up […]

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Business

Amazon wants us to believe the robots are coming— but most people won’t find them useful

Amazon’s Astro home robot Amazon Electronics companies have, for years, paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, […]

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Business

Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off

Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]

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Business

Amazon limits how many Plan B pills you can buy as demand surges

Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s U.S. Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of […]

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Business

Target will cover employees’ travel to other states for abortions, company memo says

A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the […]

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Business

CVS removes purchase limit on Plan B pills, says sales have ‘returned to normal’

CVS is removing the purchase limit it had put on emergency contraceptive pills following last week’s Supreme Court ruling, the chain said Tuesday. The reversal comes as sales have dipped back to normal levels and will be made both in stores and online over the next 24 hours, CVS said. The limit on the emergency […]

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Technology

AWS CEO says the move to cloud computing is only just getting started

Cloud computing is in its beginning stages and will only continue to grow, Amazon Web Services CEO Adam Selipsky told CNBC’s Jim Cramer on Tuesday. “It’s possible that AWS could become the largest business at Amazon. Now, Amazon has other large and great businesses, and so it could take a while for us to get […]

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Business

Amazon will have two Prime shopping events this year, second one coming in Q4

A contractor working for Amazon.com cleans a delivery truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Amazon plans to hold a second shopping event for Prime members this year, in the fourth quarter, according to a notice viewed by CNBC. It will be the first […]

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Business

Apple responds to Roe v. Wade rollback, company benefits cover out-of-state travel for reproductive care

An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple employees can use their company benefits to travel out-of-state to receive medical care, the company confirmed on Friday. The benefit has been available to employees for over 10 years, […]

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Business

Roe v. Wade’s demise forces companies to grapple with health care plans, employee privacy and more

Pro-choice activists are seen outside of the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series […]