Today: October 04, 2024
Today: October 04, 2024

Latest From Reuters

Business|Economy|Technology

Snap forecasts weak revenue as big rivals threaten growth, shares slide

Snap forecast current-quarter results below expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an

Snap forecasts weak revenue as big rivals threaten growth, shares slide
Business|Economy|Finance|Technology

Coinbase's second-quarter revenue surges on crypto trading revival

Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to life thanks to market euphoria over easing regulatory roadblocks.

Coinbase's second-quarter revenue surges on crypto trading revival
Business|Entertainment|Technology

Roku's quarterly revenue beats estimates on ad strength

Roku beat Wall Street estimates for second-quarter revenue and posted smaller-than-expected loss on Thursday, benefiting from strong ad sales and

Roku's quarterly revenue beats estimates on ad strength
Economy|Finance|Stock Markets|Technology

Chip index collapses 7% as Arm punctures AI optimism

U.S. chip stocks plummeted on Thursday in their worst day since 2020 after a conservative forecast from Arm Holdings dampened investor optimism about artificial

Chip index collapses 7% as Arm punctures AI optimism
Business|Technology

Apple asks US judge to toss antitrust lawsuit

Apple on Thursday asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the smartphone market, saying the

Apple asks US judge to toss antitrust lawsuit
Business|Finance|Stock Markets|Technology

Tech giants faced major market cap drop in July on earnings worries

Global mega tech companies' market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift

Tech giants faced major market cap drop in July on earnings worries
Entertainment|Technology

Former CNN anchor Lemon sues Musk over canceled X deal

Former CNN anchor Don Lemon filed a lawsuit against Elon Musk on Thursday, months after a partnership with the X social media platform was scrapped claiming the X owner unfairly

Former CNN anchor Lemon sues Musk over canceled X deal
Business|Finance|Technology

AI chipmaker Cerebras confidentially files for US IPO

Artificial intelligence chipmaker Cerebras Systems has confidentially filed for an initial public offering in the United States as it prepares to challenge industry heavyweight Nvidia.

AI chipmaker Cerebras confidentially files for US IPO
Business|Entertainment|Sports|Technology

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month

Venu Sports, the streaming service formed by Walt Disney, Fox and Warner Bros Discovery, will be priced at $42.99 per month with a seven-day free trial, it said on Thursday.

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month
Business|Economy|Technology

EU approves Hewlett Packard Enterprise's $14 billion Juniper deal

The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise.

EU approves Hewlett Packard Enterprise's $14 billion Juniper deal
Asia|Business|Technology

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

Japanese automakers Nissan Motor and Honda Motor have agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi
Business|Economy|Technology

23andMe CEO Wojcicki makes offer to take the firm private, filing shows

23andMe co-founder and chief executive Anne Wojcicki made a non-binding proposal to the board to acquire all of the company's outstanding shares not already owned by her or her affiliates

23andMe CEO Wojcicki makes offer to take the firm private, filing shows
Business|Finance|Technology

Lam Research forecasts quarterly revenue above estimates fueled by AI boom

Chip-making tools supplier Lam Research forecast September quarter revenue above Wall Street estimates on Wednesday, anticipating a surge in orders from chip firms amid the AI boom.

Lam Research forecasts quarterly revenue above estimates fueled by AI boom
Business|Technology

Cognizant raises full year revenue forecast, beats Q2 results estimates

Cognizant Technology Solutions raised its annual revenue forecast and and beat second-quarter results estimates on Wednesday, aided by businesses turning to the IT services provider to

Cognizant raises full year revenue forecast, beats Q2 results estimates
Business|Technology

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact

Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact
Americas|Asia|Technology

US mulls new curbs on China's access to AI memory chips, Bloomberg News says

The U.S. is considering unilateral restrictions on China's access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors

US mulls new curbs on China's access to AI memory chips, Bloomberg News says
Business|Europe|Technology

Italy's Bending Spoons buys file sharing service WeTransfer

Italian app developer Bending Spoons has bought file-sharing platform WeTransfer, the companies said in a joint statement on Wednesday, as the Milan-based tech company presses ahead

Italy's Bending Spoons buys file sharing service WeTransfer
Business|Economy|Technology

US Democrat Harris gets backing from more than 100 venture capitalists

More than 100 venture capitalists including entrepreneur Mark Cuban threw their support behind U.S.

US Democrat Harris gets backing from more than 100 venture capitalists
Europe|Technology

Intel wins UK leg of global patent battle with R2 over chips

Intel on Wednesday won the London leg of a global patent dispute with U.S. rival R2 Semiconductor, which had been seeking an injunction potentially preventing the sale of some of

Intel wins UK leg of global patent battle with R2 over chips
Europe|Technology

Russia fines Google, TikTok over banned content

Russia fined Alphabet's Google and TikTok on Wednesday for failing to comply with an order from communications regulator Roskomnadzor over banned content, the Moscow courts' press

Russia fines Google, TikTok over banned content
Business|Technology

Who is Boeing's new CEO Kelly Ortberg?

Boeing named former Rockwell Collins executive Kelly Ortberg as its new President and CEO, tasking the aerospace industry veteran with turning the struggling planemaker around.

Who is Boeing's new CEO Kelly Ortberg?
Asia|Technology

China revises drone export controls amid western scrutiny

China will amend drone export controls from Sept.1, including adding high-precision measurement equipment to the control list and adjusting standards for some unmanned aircraft

China revises drone export controls amid western scrutiny
Business|Finance|Technology

Garmin raises annual forecast; outdoor unit weakness weighs on shares

Garmin beat quarterly revenue estimates and raised its annual forecast on Wednesday, helped by strength in fitness and auto segments, but mixed results in outdoor and aviation units sent

Garmin raises annual forecast; outdoor unit weakness weighs on shares
Business|Finance|Stock Markets|Technology

Pinterest plunges as gloomy forecast dampens revenue rebound hopes

Pinterest shares tumbled nearly 10% on Wednesday after a muted third-quarter outlook dashed expectations for a stabilization in its revenues, as heightened

Pinterest plunges as gloomy forecast dampens revenue rebound hopes
Business|Economy|Technology

Boeing posts bigger loss as defense business struggles to turn around

Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial aircraft

Boeing posts bigger loss as defense business struggles to turn around

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