Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push f...
Tag: Technology
Apple, Berkshire, Alphabet, and Microsoft Reap Benefit of Higher Rates
Rich corporations are getting richer thanks to higher interest rates. Apple (ticker: AAPL), Alphabet (GOOG), Berkshire Hathaway (BRK/A), and Microsoft (MSFT) have the largest cash positions among Amer...
Pakistan Banks to Use Blockchain Technology for KYC – Blockchain Bitcoin News
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the person...
Marvell Technology (MRVL): Earnings Beat Industry’s Past Ill-Fate
Marvell Technology Inc. rose about 2% in the first three days of March. The pertinent question is whether it can continue the climb. In February 2023, MRVL dropped by around 2.5% but managed to gain 2...
ESPN wants to be the hub of all live sports streaming
Disney‘s ESPN wants to be the hub for all live sports streaming — even for its competition. The sports network has held conversations with major sports leagues and media partners about launching...
SpaceX launches NASA Crew-6 mission
A long-exposure photograph shows SpaceX’s Falcon 9 rocket carrying the Crew-6 mission in the company’s Joel Kowsky / NASA SpaceX launched four people to the International Space Station fro...
Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference
Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside ...
Snowflake Stock Tumbles As Growth Outlook Disappoints
Snowflake shares are sharply lower in late trading Wednesday, after company provided guidance for the January 2024 fiscal year that fell short of Wall Street’s expectations. The softer outlook is cons...
Plug Power stock dips on revenue miss, but execs stick with annual sales forecast as new factory ramps up
Green-energy provider Plug Power Inc. on Wednesday stuck with its full-year sales forecast, despite fourth-quarter sales missing expectations. The company — which sells renewable hydrogen fuel and fue...
Ignore Wall Street’s gloom. Stocks do better when earnings fall: strategist
Adios to February, which disappointed many stock investors who enjoyed a bullish start to the year. But fears of a bigger meltdown by those swept up in Wall Street gloom may be in vain, says our call ...
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Il Makiage creator Oddity says it’s profitable
Oddity Il Makiage Coutesy: Oddity Oddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that...
Tesla Signs Battery Material Deal With Korea’s L&F
Tesla investors are having a busy week and it’s only Tuesday. Ahead of the week’s main event, an analyst day on Wednesday, investors have to digest news about batteries as well as EV demand in China a...
Alibaba Stock’s Recovery Has Momentum. This Is One Potential Risk.
Analysts are increasingly upbeat about Alibaba stock in the wake of the group’s quarterly earnings, which supported the narrative that the Chinese tech company’s recovery is on track. But a familiar c...
Opinion: Marc Benioff’s Salesforce fairy tale is crumbling down around him
Salesforce Inc. has been a unique tech company, able to sell itself as a “family” that has higher ideals than just profit to its employees while generating near-universal praise from Wall Street as we...
Unity launches decentralized technology tools for game developers
Ad Unity Technologies, developer of the Unity game engine, has launched a new set of decentralized technology tools for game developers looking to add decentralization to their games. Unity said that ...
Rocket Lab (RKLB) Q4 2022 earnings
Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the ...
Virgin Galactic (SPCE) Q4 2022 earnings, spaceflights update
An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic said on Tuesday it remains on track to ...
SpaceX begins launching V2 Mini Starlink satellites
A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Elon Musk’s SpaceX has launched the first batch of its next-generation Starlink internet satellites as the com...
Okta’s stock jumps more than 14% as earnings forecast doubles expectations
Okta Inc. shares rallied in the extended session Wednesday after the identity-management software company topped estimates by a wide margin, and executives predicted adjusted earnings that were more t...