DraftKings is setting its sights on its future now that the Supreme Court is allowing states to legalize sports betting, CEO Jason Robins told CNBC on Wednesday. That could mean an initial public offering, but he’s not ruling out a possible merger. “My preference has always been to IPO, but we’re open to different outcomes,” […]

French President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society. The French leader paints himself as a champion of France‘s plugged-in youth and wants to transform France into […]

In Aldie, Virginia, about an hour’s drive from downtown Washington, D.C., the biggest name in retail and the biggest name in homebuilding are test driving a collaboration that could benefit both in a very smart way. Amazon is opening “experience showrooms” in Lennar smart homes. A show-and-sell strategy for the home, the smart home products […]

Uber is ending its operation of self-driving cars in Arizona more than two months after a woman was struck and killed by one of its vehicles. The company notified about 300 workers Wednesday that their positions would be terminated.Uber previously suspended operations of autonomous vehicles following the March 18 accident in which a 49-year-old woman […]

Google is taking legal action against scammers that target small business owners. The company said in a blog post on Wednesday that it’s going after three companies including PointBreak Media, which the Federal Trade Commission accused last week of fraudulently threatening to remove businesses from Google search results and charging them for free services. The […]

Google is putting a dent into Amazon’s share of the smart speaker market, and Canalys even says Google Home now has the lead. Amazon dominated the market early by introducing several iterations of the Amazon Echo, which can be used to tell users about the weather and news, or even place deliveries. Google entered the […]

Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more “challenging second half” of the year, overshadowing the company’s better-than-expected earnings report. Neri was hardly downbeat in offering up his forecast, which met analysts’ expectations. “We expect the growth rate to moderate,” he said, […]

Apple said on Wednesday that it is giving a $50 credit to customers who had to pay for a battery replacement if their iPhone 6, or a later model, was out of warranty before Apple began offering discounted battery replacements in store. The credit is available to owners of iPhone 6 or newer models who […]

Netflix may be worth a lot more than HBO owner Time Warner, but HBO creative consultant Frank Rich says HBO has Netflix beat as far as quality of content and transparency for creators. “Our point about HBO is, we don’t dump everything out there,” Rich said on CNBC’s “Squawk Alley.” “And a lot of Netflix […]

Peloton CEO and co-founder John Foley told CNBC’s “Squawk on the Street” on Wednesday that the company is “weirdly profitable.” “It’s a beautiful business model. Our investors are happy,” said Foley, whose company was ranked No. 20 on CNBC’s 2018 Disruptor 50 list. Foley said it’s not weird to him that Peloton is profitable, rather […]