Here’s what Google’s move means if you own a Huawei phone

Richard Yu, CEO of Huawei’s consumer business, speaks as he presents the P30 series smartphone during a launch event in Paris.Marlene Awaad | Bloomberg | Getty ImagesGoogle has severed business ties with Huawei, in a stunning move that could threaten the smartphone maker’s global ambitions.The U.S. tech giant has decided to stop licensing its Android operating system to the Chinese telecommunications firm, in order to comply with a U.S. trade blacklist.It can however continue to use an open-source version of Android, but won’t be able to integrate key Google services…

Apple shares slide as HSBC cuts price target

An Apple iPhone 6 phones are taken out of a shipping box at a Verizon store on September 18, 2014 in Orem, Utah. Apple’s new iPhone 6 and iPhone 6 Plus go on sale September 20. (Photo by George Frey/Getty ImagesGeorge Frey | Getty Images News | Getty ImagesApple shares were down 2.5% in pre-market Monday after HSBC cut the tech giant’s price target over fears of its exposure to the trade war between the U.S. and China.HSBC Global Co-Head of Consumer and Retail Research Erwan Rambourg decreased Apple’s price…

Infineon reportedly suspends shipments to Huawei

German chipmaker Infineon has suspended shipments to Huawei Technologies, in a sign that Washington’s crackdown on the Chinese tech company is beginning to hamper its supplies beyond the United States, Nikkei Asian Review reported on Monday.Infineon had no immediate comment.Citing two people familiar with the matter, Nikkei reported that Infineon’s decision to stop deliveries came after the Trump administration on Thursday officially added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom firm to do business with U.S. companies.Infineon will hold meetings…

Chess legend Garry Kasparov warns of a ‘cyber Cold War,’ says Western ‘political will’ needed

Former world chess champion Garry Kasparov plays a game of chess with school children in South Africa.Foto24 | Gallo Images | Getty ImagesOminous warnings about artificial intelligence spelling doom for mankind are pointless — it’s state actors like Russia and China we should be worrying about, according to former world chess champion Garry Kasparov. « We should stop wasting our time talking of killer robots and terminators, » Kasparov told reporters in Paris last week. « No matter how sophisticated algorithms may be, it still needs a bad human actor.…

Google may have just hit the ‘kill switch’ on Huawei’s global smartphone ambitions

Richard Yu, chief executive officer of Huawei Technologies Co., speaks as he presents the P30 series smartphone during a Huawei Technologies Co. launch event in Paris, France, on Tuesday, March 26, 2019.Marlene Awaad | Bloomberg | Getty ImagesGoogle’s move to stop licensing its Android mobile operating system to Huawei could deal a huge blow to the Chinese tech giant’s ambitions to become the top player in smartphones globally.The U.S. tech conglomerate has suspended business activity with Huawei that involves the transfer of hardware, software and key technical services. Google made…

Google suspends some business with Huawei after Trump blacklist

The Huawei logo is seen on the side of the main building at the company’s production campus on April 25, 2019 in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesAlphabet’s Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.A Google spokesperson said the company…

Masayoshi Son: Genius or insane? Maybe neither

There are two schools of thought on 61-year-old SoftBank founder Masayoshi Son. To quote from the 1990s animated cartoon theme song for « Pinky and the Brain »: One is a genius, the other’s insane.Son is one of the world’s wealthiest men, with a net worth of more than $20 billion. He founded a Japanese wireless company called SoftBank and invested $20 million in Alibaba in 2000. That investment, plus several later ones in the Chinese e-commerce company, gave SoftBank about a 30% stake in Alibaba, a company with a…

Uber, Lyft and Pinterest prove that private investors are sucking up all the value

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019.Michael Nagle | Bloomberg | Getty ImagesNobody in Silicon Valley should be surprised by Uber’s disappointing IPO. Or Lyft’s.Experts have been predicting this type of performance for years.Marc Andreessen called « the effective death of the IPO » in 2014 and said that with high-flying tech companies staying private longer, « gains…

WeWork lost $1.9 billion last year, but it’s considering going public

The We Company, parent company of WeWork, is the latest in a string of richly valued start-ups set to go public this year. But though it was recently valued at $47 billion, it’s far from turning a profit. Instead, it’s hemorrhaging cash.WeWork lost $1.9 billion last year on $1.8 billion in revenue, as it focused on rapid growth. Things improved in the first quarter of 2019, but only slightly: The company says it lost $264 million on $728 million in revenue during the quarter.The company’s core business revolves around renting…

From air taxis to the Batmobile: The coolest and weirdest things at France’s massive tech expo

Attendees at the Viva Technology conference in Paris. It’s one of Europe’s largest tech shows.CNBCPARIS — Now in its fourth year, the Viva Technology conference has become one of the largest tech trade shows in Europe. And it’s not been short on weird and wonderful innovations and gadgets.This year’s event saw everything from robot helpers upon arrival to the Batmobile and air taxis. CNBC takes you through some of the coolest — and weirdest — things that featured at Viva Tech 2019.Robot helpersA robot helper at the Viva Technology conference…

Pinterest CEO after earnings report tumble: We’re in the growth phase of our business

Pinterest CEO Ben Silbermann told CNBC’s Jim Cramer on Friday that the company’s leadership will continue to be transparent and focus on the company’s long-term trajectory — despite a tumble after the company’s first quarterly report as a public company.Silbermann sat down with the « Mad Money » host a day after delivering Pinterest’s first quarterly results to shareholders since going public last month. The stock dropped nearly 14% during the session after the company posted a wider loss per share than Wall Street expected. « We’re not trying to…

Breaking up companies like Facebook is an option we should look at: Arizona AG

When it comes to dealing with tech giants like Facebook there should be a « menu of options » available — including splitting them up, Arizona Attorney General Mark Brnovich told CNBC on Friday. « One of the tools in the toolbox definitely has to be a consideration of breaking up companies like Facebook, » he said on « Closing Bell. » « The reason why we worry about monopolistic behavior is when you have this concentration of wealth and power in one company or two companies, really it’s a…

China and Huawei need US more than America needs them in 5G wireless race, say industry insiders

President Donald Trump’s new order effectively blacklisting Huawei, the Chinese telecommunications networking equipment maker and smartphone giant, from the U.S. market will not hurt America in the race to build out next-generation 5G wireless technology, a well-known CEO and a top telecom investment banker who did not want to be identified told CNBC on Friday.CNBC’s Joe Kernen reported on two emails he received from a « well-known CEO » and a « really smart telecom investment banker, » as the discussion on « Squawk Box » turned to the president’s…

Read the email Elon Musk sent to Tesla employees calling for ‘hardcore’ control of expenses

Tesla CEO Elon Musk told employees in a company-wide email Thursday that $2 billion in new funds raised this month were only enough to get through 10 months if Tesla keeps spending as it did in the first quarter of 2019. He requested that everyone at the company take « hardcore » measures to pull back on spending.Musk wrote in the email to employees, which was obtained by CNBC, that he would take extreme action to control spending. He also urged employees to do the same. He said Tesla’s CFO will review…

Tesla shares plunge after report says its Autopilot system was engaged during a fatal crash

Elon MuskMike Blake | ReutersTesla shares fell as much as 7% on Friday to their lowest since January 2017, after the National Transportation Safety Board said the company’s Autopilot driver assistance system was engaged during a fatal crash in March.Elon Musk, Tesla’s billionaire co-founder and CEO, has been touting the company’s self-driving technology, going so far as to say last month that it will have 1 million robotaxis on the road next year. While investors are used to discounting Musk’s public comments because of how frequently the company has failed…

Google uses Gmail to track a history of things you buy — and it’s hard to delete

Sundar Pichai, chief executive officer of Google, is sworn in during a House Judiciary Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018.Andrew Harrer | Bloomberg | Getty ImagesGoogle tracks a lot of what you buy, even if you purchased it elsewhere, like in a store or from Amazon.Last week, CEO Sundar Pichai wrote a New York Times op-ed that said « privacy cannot be a luxury good. » But behind the scenes, Google is still collecting a lot of personal information from the services you use, like…

Everybody complains Apple isn’t innovating, but R&D spending and patents tell a different story

Apple Chief Executive Officer Tim Cook greets customers at the grand opening of the new Apple Carnegie Library store in Washington, May 11, 2019.Joshua Roberts | ReutersApple’s research and development spending has increased from $1 billion in 2009 to a projected $13 billion this year, not including stock-based compensation, according to a Thursday note from Bank of America analyst Wamsi Mohan.The amount of money going into R&D in Cupertino shows that Apple is spending heavily both to fend off new technologies which could threaten its dominance in smartphones and tablets,…

Amazon has been on a spending spree, preparing for the future as revenue growth slows

Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019.Saul Loeb | AFP | Getty ImagesAmazon has been gradually racking up investments to position itself for the future as its core business slows.Within the past year alone, Amazon has announced more than half a dozen major investments representing billions of dollars. The investments primarily focus on new delivery businesses and logistics, but also include other areas like its investment in a new headquarters. Amazon made clear its…

EU presidential candidate Vestager wants global push on digital taxes

The EU’s competition commissioner told CNBC Friday that Europe, and the rest of the world, must push for a solution on digital taxation to create fairness among companies.In March, the French government introduced a digital tax aimed at internet behemoths like Google, Facebook and Amazon. This came after the European Union, as a whole, failed to agree on a region-wide system with several nations voicing opposition. During the same month, Chip Harter, the U.S. Treasury’s top international tax official, said digital levies were « ill conceived » and discriminatory against…

Facebook COO Sheryl Sandberg: We need to set up the right rules for the internet

Sheryl SandbergGetty ImagesFacebook’s Chief Operating Officer Sheryl Sandberg down for an interview with CNBC on Friday calling for regulation for American companies but pushing against the idea of breaking up the social media company.“You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” Sandberg said.Sandberg said people are concerned about election security, content, privacy and data portability.  « We know at Facebook we have a real possibility to do better and earn back people’s trust, »…

‘Curse of Amazon strikes again’: What experts are saying about the tech giant’s Deliveroo deal

Jack Taylor/Getty ImagesAmazon just bought a stake in a major competitor to food delivery giants like UberEats and Just Eat, and experts have some theories as to the logic behind the deal and what it means for the e-commerce giant. « The curse of Amazon strikes again, » said Russ Mould, investment director at brokerage firm AJ Bell. « The online giant is now so dominant the mere mention of its entry into a new industry can leave incumbent companies and their shareholders quaking with fear. »Mould says the technology…

Here’s how TV networks are responding as streaming services take more viewers and ad dollars

(L-R) Julia Chan, Jonny Beauchamp, Lucy Hale, and Ashleigh Murray of « Katy Keene » speak onstage during the The CW Network 2019 Upfronts at New York City Center on May 16, 2019 in New York City.Kevin Mazur | Entertainment  Getty ImagesTV networks came out with a strong message as they courted advertisers at the annual « upfront » presentations in New York this week. Digital may be hot and growing like crazy, but TV can provide a brand-safe space for ads as the tech world grapples with a series…

Europe’s ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify.BoltPARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation.Co-founders from two of the region’s largest mobility firms, BlaBlaCar and Bolt — formerly Taxify — said the lack of a common framework on carpooling and ride-hailing makes it more difficult to operate across the European Union.The main issue is that the EU, though a collective bloc…

Italian regulators launch probe into Google over abuse of market dominance

Italy’s antitrust authority announced Friday it has opened an investigation into Google over alleged abuse of its dominant market position.The competition watchdog said the probe relates to Google’s alleged abuse of its position in the smart device market.In a press release, originally in Italian, the Italian Antitrust Authority said it had approved the initiation of a preliminary proceeding against Alphabet Inc., Google LLC and Google Italy S.r.l., collectively referred to as Google.The authority confirmed that officials carried out inspections Thursday in some of the companies concerned.In a statement, originally in…

Shares of Huawei’s American suppliers slide, but the Chinese giant says it can survive US blacklist

One of Huawei’s booths at MWC Barcelona 2019.Elizabeth Schulze | CNBCShares of Huawei’s key U.S.-listed suppliers stumbled on Thursday following a new rule that requires American firms to seek government approval before selling to the Chinese tech giant.Earlier this week, Huawei was added to the U.S. Bureau of Industry and Security’s so-called Entity List. That means American firms will need to get a license from the government to sell or transfer technology to Huawei.Huawei has over 30 U.S. companies that it deems « core suppliers, » selling it components to…

Sony shares skyrocket after the company announces partnership with Microsoft, share buyback

An attendee uses a Sony PlayStation virtual reality (VR) headset and controllers at the Game Developers Conference in San Francisco, California, U.S., on Wednesday, March 20, 2019.David Paul Morris | Bloomberg | Getty ImagesShares of Japanese conglomerate Sony surged in morning trade on Friday after the company announced a share buyback of more than $1 billion and a partnership with a major gaming competitor. In Tokyo morning trade, Sony’s stock skyrocketed more than 10%, soaring to levels not seen since December 2018.The jump followed the company’s Thursday announcement that it would repurchase…

Haven, the health venture led by Amazon, Berkshire Hathaway and JP Morgan, just lost its No. 2 exec

Jack StoddardSource: BusinessWireHaven, the health joint venture formed last year by Amazon, Berkshire Hathaway and J.P. Morgan, has lost Chief Operating Officer Jack Stoddard just nine months into his new role.Stoddard, who was most recently general manger for digital health at Comcast, confirmed to CNBC on Thursday that he departed Haven for personal reasons, including the length of his commute from his home in Philadelphia to Haven’s headquarters in Boston. Stoddard was Haven’s second hire in 2018, following Atul Gawande, the renowned author and surgeon who was named CEO last…

Verizon CEO: ‘Tens of thousands’ of customers buying new 5G phones

Verizon is betting that customers will pay up for Samsung’s new 5G smartphone, even though the price point is high and the technology’s infrastructure is still being built up. « It’s a great experience, » Verizon CEO Hans Vestberg said in an interview with CNBC’s « Closing Bell » on Thursday. « I believe that there’s going to be people taking it. We are seeing tens of thousands of customers taking it already, » he said. « And today is the first day you can actually buy it. »The Samsung…

Nvidia jumps after earnings beat

Jensen Huang, chief executive officer of Nvidia Corp.David Paul Morris | Bloomberg | Getty ImagesChipmaker Nvidia saw shares rise as much as 7% on Thursday after it reported better-than-expected earnings for the first quarter of fiscal 2020.Here are the key numbers:Earnings: 88 cents per share, excluding certain items, vs. 81 cents per share as expected by analysts, according to Refinitiv.Revenue: $2.22 billion, vs. $2.20 billion as expected by analysts, according to Refinitiv.Nvidia said in a statement that revenue declined some 31% year over year in the quarter, which ended on…

Pinterest is about to release its first earnings report as a public company

Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019.Michael Nagle | Bloomberg | Getty ImagesPinterest is set to release its first quarterly earnings report as a public company after markets close on Thursday.Here are the numbers analysts are expecting for Pinterest’s first quarter of 2019:Loss per share: 11 cents, according to Refinitiv consensus estimatesRevenue: $200.6 million, according to RefinitivPinterest has…