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Uber acquiring parking app SpotHero
CNBC· 2026-02-23 21:47
Uber on Monday announced that it is acquiring SpotHero, a company that provides a parking reservation app. The rideshare company did not provide a deal price, but Uber said it plans to offer a "parking reservation experience, powered by SpotHero" within its own app to help users find parking for events, venues and airports. "For the moments when people do choose to drive, SpotHero on the Uber app will make the experience easier than ever, and bring more people into the Uber ecosystem," Uber CEO Dara Khosrow ...
Congress contemplates its role on tariffs after Supreme Court decision
CNBC· 2026-02-23 21:28
Rep. Don Bacon (R-Neb.) gives a thumbs up as he arrives for a House Republican Conference meeting at the U.S. Capitol on September 10, 2024 in Washington, DC.Kent Nishimura | Getty ImagesPresident Donald Trump says he does not need Congress to impose tariffs, but his recent attempts to impose new import duties could trigger difficult votes for Republicans ahead of midterms. And Democrats are vowing to disrupt attempts to extend Trump's trade policy.Shortly after the Supreme Court spiked a majority of Trump' ...
Tesla sues California DMV to reverse ruling that company engaged in false advertising on FSD
CNBC· 2026-02-23 21:10
Tesla is suing California's Department of Motor Vehicles to reverse a ruling that found the automaker violated the law by falsely promoting its cars' self-driving capabilities.The suit comes two months after the state's Office of Administrative Hearings determined that Tesla engaged in false advertising, and said the DMV could temporarily suspend the company's licenses to manufacture or sell cars in the state. The DMV instead asked Tesla to clean up its marketing language. By Feb. 17, the agency said Tesla ...
Mexico violence after cartel boss killing slows cross-border trade, hitting air freight, trucking, ports
CNBC· 2026-02-23 19:50
Smoke billows from burning vehicles amid a wave of violence, with torched vehicles and gunmen blocking highways in more than half a dozen states, following a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as "El Mencho," was killed, in Puerto Vallarta, Jalisco, Mexico, February 22, 2026, in this screen grab obtained from a social media video.Trade between the United States and Mexico could be hurt dramatically if the flare-ups of violence across Mexico continu ...
IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat
CNBC· 2026-02-23 19:34
International Business Machines Corp. (IBM) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 8, 2025.International Business Machines stock is getting slammed, becoming the latest victim of rapidly developing AI technology, after Anthropic's Claude announced COBOL capabilities. Shares of IBM fell 11% in Monday afternoon trading after Anthropic outlined a new use case for its Claude Code product: automating the exploration and analysis work that drives most of the co ...
Amazon to spend $12 billion in Louisiana on AI data centers
CNBC· 2026-02-23 19:30
An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia, U.S., October 20, 2025.Amazon said Monday it plans to spend $12 billion on new data center campuses in Louisiana and the infrastructure to power artificial intelligence and cloud computing.The campuses will be built in the Caddo and Bossier Parishes, in northwestern Louisiana. Amazon said it expects to create 540 full-time jobs at the data centers and support about 1,700 other roles that will serve the sites, such ...
How Domino's is trying to double its business during a rough patch for big pizza rivals
CNBC· 2026-02-23 19:15
Domino's Pizza shares climbed on a Monday after the company posted a better-than-expected quarter and laid out ambitious growth plans. The strong performance came as the pizza chain said it saw higher transactions and better traction among lower-income diners with its value offerings.The pizza chain reported same-store sales growth of 3.7%, better than the 3.1% projected by Wall Street. Revenue of $1.54 billion was also higher than the $1.52 billion estimated by analysts, at a time when the broader pizza ca ...
Jim Cramer says this Big Tech stock is set for another run after analyst upgrade
CNBC· 2026-02-23 17:29
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday' s key moments. 1. Stocks fell Monday after President Donald Trump said he's increasing global tariffs to 15%, from 10%, after the Supreme Court struck down his "reciprocal" tariffs Friday. "The confusion about the tariffs and what will happen is a lot different from the confusion that we're having when it comes to valuing tech," said Jim Cramer, noting that market uncertain ...
Cybersecurity stocks drop for a second day as new Anthropic tool fuels AI disruption fears
CNBC· 2026-02-23 17:00
Group 1 - Cybersecurity stocks experienced a significant decline due to concerns over new AI security tools that may disrupt traditional business models in the sector [1][2] - Major cybersecurity companies such as CrowdStrike and Zscaler saw their stock prices drop approximately 9%, while Netskope fell nearly 10% [2] - The iShares Cybersecurity & Tech ETF decreased by nearly 4%, indicating a broader market impact on cybersecurity investments [2] Group 2 - CrowdStrike's CEO George Kurtz emphasized that the new AI tool addresses different cybersecurity issues and does not replace the company's Falcon platform [3] - The introduction of AI tools capable of rapidly creating websites and applications has caused significant concern across the software sector, with cybersecurity being the latest area affected [3] - Other software companies, such as Salesforce and ServiceNow, have also faced substantial declines in their stock values, with Salesforce losing about one-third and ServiceNow dropping more than 34% since the beginning of the year [4]
Bitcoin falls to nearly $64,000 as 2026 crypto woes continue
CNBC· 2026-02-23 14:52
Bitcoin was last down more than 2% at $65,836.68 at 9:40 a.m. ET.The token traded as low as $64,830 early as it continued a nearly 5% slide that began a day earlier. Over the weekend, that decline brought the digital asset to $64,324 at its nadir, marking its lowest level since Feb. 6 when it hit $60,062.The world's oldest cryptocurrency has taken a dive, particularly as geopolitical and macroeconomic uncertainties spark investors' flight from risk-on investments. Last week, U.S. President Donald Trump said ...