This replaces an earlier report that incorrectly reported how Q2 revenue compared with analyst expectations. It has been corrected. Shares of Affirm Holdings Inc. were plunging in Thursday afternoon t...
Tag: Technology
Uber Says Ebitda Could Hit $5 Billion. Stock Drops After Halt Is Lifted.
Text size Uber’s latest forecast was in line with what Wall Street had expected/ Alastair Pike / AFP via Getty Images Uber expects to expand its gross bookings by between 22% and 25% a year thro...
Opinion: How to profit from your losses on those ‘Cathie Wood’ stocks
Americans have lost billions of dollars from their retirement funds in the past year as some of the most popular recent investments have come crashing down to earth. As our chart above shows, many of ...
CLSA assesses the impact of rates on SoftBank’s investment strategy
The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, acco...
Bitcoin’s Price Isn’t Done Falling. How It Could Drop to $10,000.
Text size Stifel’s top equity strategist thinks Bitcoin prices could sink to $10,000. Dreamstime.com The bull case for Bitcoin is that it powers up to $100,000, from recent prices around $43,000...
Twilio shares surge 28% on earnings, sales that top analyst estimates
Shares of Twilio Inc. quickly jumped 28% in extended trading Wednesday after the company posted earnings and sales that breezed past Wall Street estimates as well as a strong outlook. The company TWLO...
SpaceX losing Starlink satellites due to geomagnetic space storm
A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a sto...
Why solar geomagnetic storms destroy satellites like SpaceX Starlink
Left: A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. Right: An April 16, 2012 solar eruption is captured by NASA’s Solar Dynamics Observatory. SpaceX / NASA The s...
Zynga reports record results, stock mostly unmoved after hours pending acquisition by Take-Two
Zynga Inc. reported record results in the extended session Wednesday with a slight bottom-line miss, but shares of the videogame publisher were flat after hours given its pending acquisition by Take-T...
Peloton CEO’s first all-hands meeting cut short as ex-staff crash it
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton held a virtual all-hands meeting Wednesday that was ...
New Relic Stock Tanks as Guidance Disappoints. Here’s What Analysts Are Saying.
Text size Dreamstime New Relic was falling 29% on Wednesday, a day after issuing fiscal fourth-quarter guidance that frightened investors. New Relic (ticker: NEWR) said it expects fourth-quarter reven...
Singapore’s Financial Technology Company STACS Partners with CSOP
Hashstacs Pte Ltd (STACS), a leading fintech company in Singapore, announced a collaboration with CSOP Asset Management yesterday. According to the partnership details, the Over-the-Counter (‘OTC’) De...
Adyen stock surges on strong H2 2021 earnings
Pieter van der Does, chief executive officer of Adyen. Simon Dawson | Bloomberg | Getty Images Dutch payments processor Adyen reported a 51% jump in core earnings in the first half of 2021, topping ex...
Automation Won’t Eliminate Truckers
Even though U.S. job openings are close to 11 million— including 580,000 openings in transportation, warehousing, and utilities—truckers are worried that new automated vehicle technology will take awa...
Tesla owns service centers: Pros and cons
Tesla is known for sparking an electric vehicle revolution. It’s also brought services to customers, like mobile repairs and over-the-air tune-ups, that were once reserved for only the most elit...
Super Bowl is in line to have the hugest audience yet: PredictHQ
Cincinnati Bengals quarterback Joe Burrow (9) (L) and Los Angeles Rams Quarterback Matthew Stafford (9). Getty Images The 2022 Super Bowl between the Cincinnati Bengals and the Los Angeles Rams is pro...
Lyft’s Revenues Top Estimates as Ride-Sharing Business Picks Up
Text size Lyft was profitable on an adjusted basis for the first full year in 2021. Dreamstime Lyft posted better-than-expected fourth-quarter results, reporting both improving ride volumes and increa...
Peloton stock continues rally as company replaces John Foley as CEO
Peloton Interactive Inc.’s newly announced chief executive will face a lowered bar as the maker of exercise equipment once again cut its full-year forecast in the face of slowing demand. Tuesday marke...
New Alfa Romeo SUV equipped with NFT, blockchain technology
2023 Alfa Romeo Tonale Alfa Romeo Italian auto brand Alfa Romeo is bringing NFTs, which recently rose to popularity in digital art, to its new Tonale SUV, the company said Tuesday for the vehicle̵...
Blockchain Technology And The Economies Of The Future
Technologies and economies go hand-in-hand with technologies usually enhancing economies and sometimes, creating whole new economies of themselves. But few technologies have had a deep impact on glo...
Nvidia Calls Off Acquisition of Chip-Designer Arm. It’s Not a Surprise.
Text size Justin Sullivan/Getty Images Shares of Nvidia fell in premarket trading Tuesday after the graphics chipmaker and Japan’s SoftBank agreed to call off Nvidia’s deal to buy microprocessor desig...