Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
While remains popular among a niche of active, adventurous people, CEO Nick Woodman told CNBC's "Squawk Alley " on Friday that the company can still expand and keep a lid on expenses.
The company soared double digits on Friday after the company reported better-than-expected quarterly financial results on Thursday night.
"GoPro is growing," Woodman said. "As we shared in the second quarter, we grew across all of our markets internationally. And we still have significant room to grow internationally. We're seeing great gains there as we localize GoPro's business to these specific regions around the world."
GoPro shares have fallen nearly 40 percent over the course of the past year, as the company has struggled to achieve profitability amid delays and recalls of its flagship drone and mounting competition from more rugged phone cameras.
But GoPro is poising itself to take advantage of the burgeoning virtual reality market with its Fusion camera and has embraced new forms of video editing for social media. While some analysts say that GoPro's high-end drone is among the most popular in the U.S., the drone business is still less than 10 percent of the business, Woodman said.
"We're investing in more areas now," Woodman said. "We're making investments in the drone market, and we're having success there, and we're making significantly more investments in software. .... While we are spending more than in our pre-IPO years, we're also getting a lot more done for the customer."
Still, Woodman has led the company through a campaign to slash costs, cutting hundreds of jobs.
"The momentum you're seeing in our business is really coming from our intense focus on efficiency and execution," Woodman said. "We are reducing costs wherever possible, and that's going to continue, ongoing, in the company. We are very disciplined as it relates to schedule and that's allowing us to launch products on time this year."
Woodman said he thinks of the GoPro as an "untethered lens" of the smartphone camera.
"I think the smartphone actually creates an incredible opportunity for GoPro," Woodman said. "Our opportunity is to make GoPro aligned with how people use their smartphone. ... As smartphone adoption grows, so grows the opportunity for GoPro."
— With reporting by CNBC's Abigail Summerville.