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Today: March 16, 2025
Today: March 16, 2025
Zaheer Kachwala

Zaheer Kachwala

Staff Writer

Latest From Zaheer Kachwala

Business|Economy|Finance|Technology

Adobe's dull forecast raises AI monetization doubts, shares fall

Adobe forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its artificial intelligence offerings

Adobe's dull forecast raises AI monetization doubts, shares fall
Business|Economy|Finance|Technology|US

Oracle gives strong long-term growth outlook as AI cloud demand soars

Oracle CEO Safra Catz on Monday gave a strong growth

Oracle gives strong long-term growth outlook as AI cloud demand soars
Business|Finance|Stock Markets|Technology

Broadcom shares surge as solid forecast eases demand worries for AI chips

By Zaheer Kachwala and Max A.

Broadcom shares surge as solid forecast eases demand worries for AI chips
Business|Economy|Finance|Stock Markets|Technology

Salesforce falls after weak annual forecast puts spotlight on AI monetization

Shares of Salesforce fell more than 4% on Thursday after a downbeat annual revenue and profit forecast raised questions about when the enterprise cloud firm would start

Salesforce falls after weak annual forecast puts spotlight on AI monetization
Business|Finance|Stock Markets|Technology|US

Lucid CEO steps down, company expects to more than double vehicle production this year

Electric-vehicle maker Lucid Group said on Tuesday that Peter Rawlinson, its CEO for over 5 years, is stepping down from the role, and forecast its vehicle production

Lucid CEO steps down, company expects to more than double vehicle production this year
Asia|Business|Economy|Finance

Grab Holdings forecasts annual revenue below estimates amid tough competition

Grab Holdings forecast its annual revenue below analysts' estimates on Wednesday, as it grapples with intense competition in food delivery and ride-hailing businesses,

Grab Holdings forecasts annual revenue below estimates amid tough competition
Business|Economy|Entertainment|Stock Markets|Technology

Roblox fans gaming industry gloom with weak forecast, shares tank

Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending

Roblox fans gaming industry gloom with weak forecast, shares tank
Business|Entertainment|Finance|Sports|Stock Markets

EA forecasts fourth-quarter bookings below estimates amid muted gamer spending

Electronic Arts forecast fourth-quarter bookings below Wall Street expectations on Tuesday, as the videogame publisher grapples with a slowdown in spending at its

EA forecasts fourth-quarter bookings below estimates amid muted gamer spending
Business|Economy|Finance|Stock Markets|Technology|US

Alphabet faces scrutiny on AI spending as Google cloud growth slows

Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings on Tuesday, as revenue growth at the Google parent

Alphabet faces scrutiny on AI spending as Google cloud growth slows
Asia|Business|Economy|Finance|Stock Markets|Technology|US

Big Tech faces heat as China's DeepSeek sows doubts on billion-dollar spending

Chinese startup DeepSeek's cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say

Big Tech faces heat as China's DeepSeek sows doubts on billion-dollar spending
Business|Economy|Entertainment|Finance|Sports|Stock Markets

EA shares slump after soccer game misses goal

Electronic Arts shares sank more than 15% on Thursday, tripped up by a surprise slowdown in spending on the soccer franchise that has shaped its gaming empire.

EA shares slump after soccer game misses goal
Business|Finance|Technology|US

Strong ad sales, stable enterprise spending wind beneath Big Tech earnings

U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but

Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
Business|Finance|Technology

GameStop slides as revenue decline raises turnaround worries

GameStop shares fell 7% before the bell on Thursday on signs that it will take longer for the brick-and-mortar videogame retailer to stem a revenue decline due to tough

GameStop slides as revenue decline raises turnaround worries
Business|Finance|Technology

How Reddit stacks up against social media peers

Social media platform Reddit's market debut on Thursday ended a more than two year-long wait but shifts the focus to how it will compare with the other

How Reddit stacks up against social media peers
Business|Finance|Technology

Roblox forecast cut adds to videogame gloom, shares fall most in two years

Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in

Roblox forecast cut adds to videogame gloom, shares fall most in two years
Business|Finance|Stock Markets

AI darling Nvidia's market value surges closer to Apple

Nvidia's shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker's stock market value about $100 billion away from overtaking Apple in a major

AI darling Nvidia's market value surges closer to Apple
Business|Finance|Technology

Autonomous trucking startup Waabi raises $200 million

Waabi has raised $200 million in a Series B funding round, led by existing investors Uber Technologies and Khosla Ventures, to support the rollout of its fully

Entertainment|Technology

Major video game publishers shielded by in-house studios during strike, analysts say

Major video game publishers including Electronic Arts and Take-Two will likely stave off a big hit from the strike by voice actors and motion-capture artists due to

Major video game publishers shielded by in-house studios during strike, analysts say
Business

Roblox raises bookings forecast, CFO exit weighs on shares

Roblox raised its annual bookings forecast on Thursday, as user engagement increased on its platform during the summer holidays and more mature content helped it draw

Roblox raises bookings forecast, CFO exit weighs on shares
Business|Technology|US

Elon Musk revives lawsuit against Sam Altman and OpenAI, filing shows

Billionaire Elon Musk revived a lawsuit against ChatGPT maker OpenAI and its CEO Sam Altman on Monday, saying that the firm put profits and commercial interests ahead of

Elon Musk revives lawsuit against Sam Altman and OpenAI, filing shows
Business|Finance|Technology

Salesforce beats quarterly estimates on cloud demand, says CFO to step down

Salesforce beat Wall Street expectations for second-quarter revenue and profit on Wednesday, benefiting from higher spending on its enterprise cloud products, sending

Salesforce beats quarterly estimates on cloud demand, says CFO to step down
Business|Entertainment|Technology

Roblox set to launch paid videogames on its virtual platform

Roblox will roll out paid videogames on its platform and allow developers to sell physical merchandise through their created games, the company said on Friday.

Roblox set to launch paid videogames on its virtual platform
Business|Finance|Stock Markets|Technology

Oracle shares jump as AI push perks up cloud demand

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with

Business|Finance|Technology

Rivian lowers annual production forecast due to parts shortage, shares drop

Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a parts shortage and slowing growth in electric-vehicle

Rivian lowers annual production forecast due to parts shortage, shares drop
US

US plan to break up Google's search dominance threatens profit engine, AI growth

The U.S.

US plan to break up Google's search dominance threatens profit engine, AI growth

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