In this article MSFT Microsoft shares rose 5% in extended trading on Tuesday after the software maker issued a rosy income forecast for the year ahead, despite issuing quarterly results that failed to reach Wall Street consensus. Here’s how the company did: Earnings: $2.23 per share, adjusted, vs. $2.29 per share as expected by analysts,
Technology
In this article GOOGL Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose more than 4% in extended trading. Here’s how the
Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX. Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried’s (above) aggressive acquisition approach amid a major downturn in the cryptocurrency market. Stefani Reynolds | Bloomberg |
In this article AMZN WMT The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday
In this article GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company
In this article ONEM AMZN One Medical clinic One Medical For the better part of a decade, One Medical has been my primary care provider. It’s convenient, with locations around the Bay Area, and I like being able to schedule a same-day physical or get a quick referral to a specialist. One Medical knows a
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment CEO Vince McMahon announced Friday that he was fully retiring after decades of leading the company founded by his father, a move that comes after it was revealed
In this article SNAP Shares of Snap closed down 39% Friday, a day after the company reported disappointing second-quarter results. Snap missed Wall Street expectations on the top and bottom lines and said it plans to slow hiring. The social media company attributed its results to a challenging economy, slowing demand for its online ad
In this article AAPL Apple Apple is using the iPhone’s popularity to push itself into the auto industry. Automakers are a little unsure how they feel about this. Apple announced the next generation of its car software CarPlay in June. It takes over the user interface on all interior screens, replacing gas gauges and speed
In this article COIN Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims from the Securities and Exchange Commission that it offers unregistered securities, following fraud charges against a former employee of the company.
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept
In this article AMZN A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images Amazon still makes most of its revenue from orders placed through its online stores, and most of its profit from its cloud computing arm. Both of those
In this article VOW3-DE TSLA 7269.T-JP 7205.T-JP 7203.T-JP A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztian Bocsi | Bloomberg | Getty Images Automotive giant Toyota, along with three other partners, will work on
In this article TSLA Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images The global chip shortage is not over yet, and the war in Ukraine continues to put a strain on supplies of important parts needed, one analyst
The keys on the keyboard take some getting adjusted to. Todd Haselton | CNBC Apple agreed to a $50 million settlement in a class-action lawsuit on Monday night over the company’s “butterfly keyboard,” which was installed on MacBook laptops between 2015 and 2019. The settlement will likely lead to payouts to customers who replaced eligible
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have
In this article IBM IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images IBM shares slid as much as 4% in extended trading on Monday after the company trimmed its 2022 cash forecast. It still beat
San Francisco Mayor London Breed speaks outside City Hall in San Francisco. Eric Risberg | AP San Francisco Mayor London Breed said her technology-heavy city will have to adjust to the new reality that many workers aren’t coming back to the office. In an interview airing Friday evening on CNBC’s “The News with Shepard Smith,”
In this article TWTR “The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Elon Musk wants time to prepare for a trial over his contentious withdrawal from an agreement
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