Text size Snowflakes made a tweak to its software that allows customers to do more with less resources. That hit revenue because customers pay only for the amount of computing time they use. Dreamstim...
Tag: Technology
Intel faces ‘all-or-nothing’ situation, analyst says in downgrade
Intel Corp. may have gotten a callout in President Joe Biden’s State of the Union address earlier in the week, but on Thursday it fell further down Morgan Stanley’s list of chip names. Morgan Stanley’...
Tesla Receives a Permit That Will Scare Its Rivals
Tesla (TSLA) – Get Tesla Inc Report and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory. After several months of uncert...
Tesla Finally Gets German Plant Approval. The Stock Is Falling.
Text size In this aerial view, the new Tesla Giga factory stands near Gruenheide just outside Berlin. Sean Gallup/Getty Images Tesla investors woke to a bit of good news Thursday but the stock isn’t h...
How Block (Square) avoided death by Amazon
Block co-founder Jim McKelvey. CNBC | NBC Universal | Getty Images BARCELONA — In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder ...
Cathie Wood Watch: Ark Funds Sell ETSY, Palantir
Much of Ark Investment Management CEO Cathie Wood’s trading in recent weeks has consisted of buying beaten-down technology stocks. But she also has done some selling. And on Tuesday, the investment st...
Coupang falls short of expectations for holiday quarter, but gives upbeat earnings outlook
Coupang Inc. fell short of earnings and revenue expectations with its fourth-quarter results Wednesday, though the South Korean e-commerce company forecast a slimmer-than-anticipated loss for the full...
C3.ai increases full-year revenue outlook, but stock dips
Shares of C3.ai Inc. were headed lower in after-hours trading Wednesday, though the maker of artificial-intelligence software reported better-than-expected revenue and earnings results and raised its ...
Splunk stock shows volatility following surprise profit, new CEO
Splunk Inc. rallied at first in the extended session Wednesday but then shed those gains, dipping into negative territory, as the cloud-based enterprise software company reported a surprise profit, to...
Fanatics hits $27 billion in new funding, adds BlackRock, Michael Dell
Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Michael Rubin&...
IPC Partners Up With Custodia Technology
IPC, the New Jersey-based provider of communications and multi-cloud connectivity solutions for the global financial markets and trading community announced today (March 2nd) that it has entered into ...
Russia Roscosmos refusing to launch OneWeb satellites: Ukraine crisis
A Soyuz 2 rocket launches 36 OneWeb satellites on March 25, 2020 from Vostochny Cosmodrome, Russia. Roscosmos The corporate internet space race has taken a geopolitical turn. Russian space agency Rosc...
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesda...
Billionaire Ken Griffin Admits He Was Wrong About Bitcoin, Crypto
Billionaire Ken Griffin has a rocky relationship with the crypto sphere, to say the least. After being one of the fledgling critics of the young industry, he distinguished himself by buying up at the ...
Chinese smartphone makers Oppo, Realme fill void left by Huawei
The Oppo Find X5 series on display at Mobile World Congress in Barcelona, Spain. Ryan Browne | CNBC BARCELONA — Huawei’s pain has been fellow Chinese smartphone makers’ gain at the biggest...
Artemis missions, SLS rocket billions over budget
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA To the moon, indeed. NASA’s auditor didn’t mince words when he told lawmakers Tuesday that the space agency̵...
MLB cancels Opening Day after owners fail to reach deal with players union
An Official Rawlings Major League Baseball sits with a bat, lock and chain to represent the lockout between Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA) on Dec...
Gerry Sanchez Says The Blockchain Technology Is Still In Early Phases Of Implementation
There is no denying that blockchain technology is gaining popularity. However, according to Gerry Sanchez, a blockchain and NFT expert, the technology is still in its early stages of application, leav...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked – Technology Bitcoin News
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposit...
Plug Power’s Outlook Remains Strong, Boosting the Stock Despite Mixed Earnings
Text size Plug Power said it is on track to achieve its goal of $3 billion in revenue in 2025. Dreamstime Shares of Plug Power were rising in late trading as investors expressed cautious optimism over...