The U.S. Transportation Department’s 10 winning drone pilot projects aimed at spurring the use of unmanned aerial vehicles in a wide variety of fields do not include Amazon or China’s DJI, but do involve Alphabet, Qualcomm and Microsoft. Apple is also involved in the project through a partnership with the North Carolina Department of Transportation. […]

CNBC’s Jim Cramer was taken aback when shares of Disney and Walmart got slammed after the companies announced new investments. Shares of Disney closed down nearly 2 percent on Wednesday after the entertainment giant revealed that it was spending heavily to boost ESPN Plus’ online offerings. Walmart’s stock also lost more than 3 percent of […]

As energy stocks rose on Wednesday after President Donald Trump exited the Iran nuclear deal, CNBC’s Jim Cramer wanted to explain the simultaneous rally in the technology sector. The “Mad Money” host said it all started with a research note released by Morgan Stanley. The analysts wrote that near-term conditions for semiconductors and the cloud […]

British-based Vodafone has struck a deal to buy some European assets of U.S. cable company Liberty Global for $21.8 billion in a move Liberty Global’s CEO, Mike Fries, said will benefit both investors and mobile users. “It’s a total win for consumers,” Fries, who is also vice chairman of the company, told CNBC’s “Power Lunch” […]

Following a revenue beat on Wednesday, IAC CEO Joey Levin penned a letter assuring shareholders that the Match Group parent company was well-positioned to compete with Facebook in the dating space. The internet and media holding company reported revenue of $995 million, versus the $935 million analysts expected. (The company also reported GAAP diluted EPS […]

Amazon’s cloud business is now releasing numbers that show something important about its customer base: loyalty. Amazon disclosed in its latest quarterly report that it had $12.4 billion in backlog revenue for Amazon Web Services. The balance represents the total value of signed contracts that didn’t get reported as revenue because the agreements run for […]

Amazon Web Services CEO Andy Jassy said on Wednesday it’s “super dangerous” for Seattle to consider taxing large companies — and risk dampening job creation — to offset the effects of gentrification and homelessness. In particular, Jassy was critical of the proposed “head tax,” which would apply to 585 businesses with $20 million or more […]

On Tuesday, jobs and salary website Glassdoor announced the company will be acquired by Japanese human resources company Recruit Holdings for $1.2 billion in cash. That impressive windfall has been more than a decade in the making, but it all started with a fairly simple, if controversial, idea. Co-founder Robert Hohman began his career at […]

Shares of software vendors New Relic and Twilio surged on Wednesday after reporting revenue that topped analysts’ estimates and showing investors that they can continue to get more spending from existing customers. New Relic, which helps companies track and quickly fix software bugs, jumped $13.55, or 18 percent, to $90.67 as of mid-day. Twilio, a […]

Amazon may be entering new businesses left and right, but that shouldn’t frighten companies using its cloud services, its top cloud exec said. Even some of Amazon’s most direct competitors — like Netflix, which competes with Amazon on video streaming — use Amazon’s cloud, Andrew Jassy, the CEO of Amazon Web Services (AWS), told CNBC’s […]