Chevrolet is bringing back its Blazer nameplate, but it is not the rugged truck-based SUV it once was. Chevrolet unveiled the new 2019 Blazer on Thursday, and it is a five-passenger, mid-size crossover that will fit between the slightly larger mid-size Traverse SUV and Chevy’s compact Equinox crossover. The vehicle shares a name with the […]

Plenty of groups have been struggling in this market, but CNBC’s Jim Cramer found one subsector that’s been running hot. That is, until Thursday night. “The cloud-based enterprise software stocks have been holding up pretty darn well, at least until Red Hat tonight,” the “Mad Money” host said after the cloud play reported first-quarter earnings. […]

SpaceX’s behemoth Falcon Heavy rocket has won U.S. Air Force’s certification before even launching a second time, marking another milestone for CEO Elon Musk’s space venture. The Department of Defense said Thursday that SpaceX won a $130 million for a contract to launch the Air Force Space Command-52 satellite into orbit. The military said SpaceX […]

When CNBC’s Jim Cramer listened to Micron Technology’s conference call, he found himself considerably less skeptical about the chipmaker’s fate than most of the analysts. “I’m a believer,” the “Mad Money” host said Thursday. “I’m out on a limb here.” But, he admitted, “I think it’s worth the risk.” Micron, which makes flash memory and […]

Even a sprawling technology player like Microsoft might have trouble going after newly public cybersecurity company Okta’s business, CEO Todd McKinnon told CNBC on Thursday. Okta, which came public in April to huge fanfare, saw its shares surge 38 percent on its first day of trading. Shares of the company, which builds software to make […]

Looking past ousted Intel CEO Brian Krzanich’s personal issues, Intel’s stock is too cheap at these levels, CNBC’s Jim Cramer said Thursday. Shares of the chipmaker slid 2.38 percent on Thursday after Krzanich resigned, effective immediately, for having what the company called a “consensual relationship with an Intel employee.” The relationship violated Intel’s strict non-fraternization […]

Just three months after the head of Amazon‘s massive marketplace left the company for WeWork, the highest ranking remaining executive in the business has been stripped of much of his authority. Peter Faricy, the vice president of the Amazon Marketplace and a 12-year company veteran, currently has no direct reports except for his assistant, according […]

Google parent company Alphabet is in discussions to spin out a molten-salt energy storage project in a transaction with Breakthrough Energy Ventures, a $1 billion fund devoted to energy research, MIT Technology Review reported. It is unclear if a deal has been finalized or how much money may be involved. Nobel Prize winner Robert Laughlin […]

Red Hat stock fell by more than 10 percent on Thursday after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance. Executives will hold a conference call with analysts at 5 p.m. Eastern time. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, […]

Tax preparation company Avalara soared as much as 33 percent Thursday after a historic Supreme Court decision on collecting sales tax from e-commerce. The stock later pared its gains, but still ended the session 13 percent higher at $51.04. The Supreme Court’s Thursday decision means states can collect sales tax from online sellers even if […]