Today: September 21, 2024
Today: September 21, 2024

Technology

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
Business|Technology

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Chipmaker Intel says it is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
Business|Economy|Finance|Stock Markets|Technology

Amazon reports boost in quarterly profits but misses revenue estimates

Amazon has reported a boost in its quarterly profits, but the company missed revenue estimates, sending its stock lower in after-hours trading

Amazon reports boost in quarterly profits but misses revenue estimates
Business|Economy|Technology

DoorDash projects upbeat Q3 core profit on resilient online ordering, shares soar

Online delivery firm DoorDash forecast third-quarter core profit above expectations and surpassed revenue estimates for the June quarter on Thursday, sending its shares

DoorDash projects upbeat Q3 core profit on resilient online ordering, shares soar
Business|Economy|Technology

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
Business|Economy|Finance|Technology

Amazon says consumers cautious, forecasts revenue below Wall Street targets

Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases,

Amazon says consumers cautious, forecasts revenue below Wall Street targets
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|Economy|Technology

Canadian union Unifor calls for strict tariffs on imported Chinese EVs, components

Canadian labour union Unifor called on the federal government on Thursday to impose tariffs on all Chinese-made electric vehicles (EVs), EV batteries and other

Canadian union Unifor calls for strict tariffs on imported Chinese EVs, components
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
Entertainment|Health|Technology

Why are teens so drawn to social media? Dr. Sanjay Gupta explains

Dr. Sanjay Gupta answers the top question on the minds of CNN viewers when it comes to teens and social media - just why are they so drawn to it and why can't they seem to put their phones down? 

Why are teens so drawn to social media? Dr. Sanjay Gupta explains
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
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
Science|Technology

Robocars promise to improve traffic even when most of the cars around them are driven by people, study finds

Long before all vehicles become self-driving, AI could drastically improve traffic conditions. Traffic jams could become a thing of the past when even as few as 5% of cars are driven by robots.

Robocars promise to improve traffic even when most of the cars around them are driven by people, study finds
Entertainment|Sports|Technology

Venu Sports may be available for $42.99 per month with its planned launch targeted for fall

Venu Sports — the sports streaming platform planned by ESPN, Fox and Warner Bros

Venu Sports may be available for $42.99 per month with its planned launch targeted for fall
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|Technology

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|Finance|Technology

Thomson Reuters raises sales forecast as earnings top estimates

Thomson Reuters reported second-quarter earnings that topped Wall Street expectations on Thursday as revenue rose 6% and it continued to aggressively deploy artificial

Thomson Reuters raises sales forecast as earnings top estimates
Business|Finance|Technology

Mobileye slashes annual forecasts on uncertain demand; shares fall

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on uncertain demand; shares fall
Business|Economy|Technology

Mobileye slashes annual forecasts on sluggish demand; shares tank

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on sluggish demand; shares tank
Business|Economy|Technology

Talen Energy offers up nuclear-powered crypto mining campus stake, sources say

Talen Energy is looking to sell its stake in a cryptocurrency mining operation powered by its Pennsylvania nuclear plant in a process marketed to both data center

Talen Energy offers up nuclear-powered crypto mining campus stake, sources say
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
Business|Economy|Technology

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up

Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up

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