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Search resuls for: "CNBC's Arjun"


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☆ Alphabet, Apple, Meta, Amazon and Microsoft: Q3 tech earnings preview
  + stars: | 2022-10-25 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet, Apple, Meta, Amazon and Microsoft: Q3 tech earnings previewTech giants face a number of headwinds including a tougher ad market, a strong U.S. dollar and a potential slowdown in the global economy. CNBC's Arjun Kharpal reports on the key things to watch when Alphabet, Microsoft, Meta, Apple and Amazon report third-quarter earnings this week.
☆ U.S.-listed Chinese stocks drop 20% after Beijing's power reshuffle makes the market 'uninvestable'
  + stars: | 2022-10-24 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged 20% to hit a new 52-week low. The index holds 65 companies whose common stocks are publicly traded in the U.S. and the majority of whose business is conducted within the People's Republic of China. Shares of Chinese companies listed in the U.S. dropped sharply Monday after Beijing tightened President Xi Jinping's grip on power, souring investor sentiment for non-state-driven companies. "Stocks based in the world's second largest economy are 'uninvestable' again," Bernstein sales trading desk's Mark Schilsky said in a note Monday.
☆ Amazon faces $1 billion class action lawsuit in the UK over alleged antitrust breach
  + stars: | 2022-10-20 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
Between 80% to 92% of Amazon purchases are made on its Buy Box tool, according to Hausfeld. Amazon sets certain criteria for sellers to become Buy Box eligible and, if accepted, they gain placement advantages for their listings. Amazon faces a $1 billion class action lawsuit in the U.K., where the company has been accused of using a "secretive" algorithm to abuse its dominant position in e-commerce. They're "opt-out," meaning they're brought on behalf of every individual that falls within the class unless they expressly opt out, similar to U.S.-style class action cases. A recent change in U.K. law paved the way for a flood of opt-out class action suits, with other cases against Meta and Google ongoing.
☆ Amazon debuts home insurance store in the UK in latest move into finance
  + stars: | 2022-10-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
LONDON — Amazon will start selling home insurance in the U.K. through partnerships with three local insurers, further expanding the e-commerce titan's push into financial services. The company announced Wednesday it is opening a new service called Amazon Insurance Store. They're then shown a list of quotes from Amazon's insurance partners, along with reviews and star ratings from other customers. "When we set out to create the Amazon Insurance Store, we wanted to improve the experience for customers shopping for home insurance so they could easily compare options and make an informed, objective decision—just like shopping on Amazon." It's the first time the company has launched a store selling insurance.
☆ Xi's tech ambitions: 5 years on
  + stars: | 2022-10-14 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi's tech ambitions: 5 years onIn 2017, Chinese President Xi Jinping urged his country to "prioritize innovation" in "frontier technologies." Five years on, the results are a mixed bag, with a stricter regulatory environment at home and an ongoing tech war with the U.S. weighing on the country's tech development. CNBC's Arjun Kharpal reports.
☆ Chinese ride-hailing giant Didi says it will launch a robo-taxi service in Shanghai 'very soon'
  + stars: | 2019-11-19 | by ( Ryan Browne | Toh Ee Ming | ) www.cnbc.com   time to read: +1 min
Tiger Qie, VP of Didi Chuxing and CTO of Didi's Ride sharing Business Group, speaks with CNBC's Arjun Kharpal onstage at the East Tech West event in, Guangzhou, China. Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai "very soon." "We are going to launch a robo-taxi service in Shanghai very soon," Tiger Qie, Didi's vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC's East Tech West event in Guangzhou, China. "Autonomous vehicles and human-driven vehicles are going to co-exist," Qie said in a fireside chat with CNBC's Arjun Kharpal. Didi has grown rapidly since it was founded in 2012, with 550 million users currently registered with its platform.
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