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Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones

2 min read

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Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones

admin May 1, 2024

Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.

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Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months

6 min read

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Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months

admin May 1, 2024

Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's...

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Amazon cost cuts drive operating margin into double digits for first time

3 min read

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Amazon cost cuts drive operating margin into double digits for first time

admin May 1, 2024

Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.

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Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team

3 min read

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Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team

admin May 1, 2024

Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.

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Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision

2 min read

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Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision

admin May 1, 2024

Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in over two months.

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Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

4 min read

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Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

admin May 1, 2024

Google is laying off more employees and hiring their roles outside of the U.S.

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UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom

3 min read

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UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom

admin May 1, 2024

Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.

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Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI’s ChatGPT

4 min read

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Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI’s ChatGPT

admin May 1, 2024

Anthropic on Wednesday announced its first-ever enterprise offering, as well as its first iOS app.

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Super Micro plummets 15% after posting revenue miss

2 min read

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Super Micro plummets 15% after posting revenue miss

admin May 1, 2024

Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed...

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Amazon beats on top and bottom lines, driven by growth in cloud and digital ads

3 min read

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Amazon beats on top and bottom lines, driven by growth in cloud and digital ads

admin April 30, 2024

Amazon surpassed analyst expectations for revenue and earnings in the first quarter.

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Super Micro pushes up full-year revenue forecast as it points to strong AI demand

2 min read

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Super Micro pushes up full-year revenue forecast as it points to strong AI demand

admin April 30, 2024

Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200%...

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Pinterest shares soar 16% on earnings beat, strong revenue growth

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Pinterest shares soar 16% on earnings beat, strong revenue growth

admin April 30, 2024

Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.

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AMD’s data center business grew 80% but the stock is down

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AMD’s data center business grew 80% but the stock is down

admin April 30, 2024

AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC...

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Amazon’s cloud margin widens on accelerating revenue growth

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Amazon’s cloud margin widens on accelerating revenue growth

admin April 30, 2024

Amazon's cloud unit is delivering the best operating margin at least since 2014.

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Amazon’s advertising revenue jumps 24% in first quarter

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Amazon’s advertising revenue jumps 24% in first quarter

admin April 30, 2024

Amazon reported another big jump in its advertising business, which has emerged as a key player in...

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Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat

13 min read

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Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat

admin April 30, 2024

Many doctors have been left without a way to get paid for their services.

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Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

3 min read

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Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

admin April 30, 2024

Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four...

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Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement

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Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement

admin April 30, 2024

Eight newspaper publishers alleged that Microsoft and OpenAI used millions of their articles without payment or permission...

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Meta hit with major EU probe into disinformation handling ahead of European elections

3 min read

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Meta hit with major EU probe into disinformation handling ahead of European elections

admin April 30, 2024

The European Commission is investigating Meta over concerns the company hasn't done enough to tackle disinformation ahead...

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ISS endorses most of activist Ancora’s nominees for Norfolk Southern board

2 min read

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ISS endorses most of activist Ancora’s nominees for Norfolk Southern board

admin April 30, 2024

ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.

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