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Spotify shares pop 10% after company reports first profitable year

Spotify shares pop 10% after company reports first profitable year

Spotify’s Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024. Laure Andrillon | Reuters Spotify shares climbed 10% Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with 1.14

Spotify shares pop 10% after company reports first profitable year Read More »

Palantir soars 27% to record high as AI powers strong earnings and guidance

Palantir soars 27% to record high as AI powers strong earnings and guidance

Palantir surged more than 27% on Tuesday to a record high after reporting stronger-than-expected fourth-quarter results and guidance driven by ongoing artificial intelligence gains. The Denver-based software company posted adjusted earnings of 14 cents per share and $828 million in revenue. That topped the 11 cents per share and revenues of $776 million expected by

Palantir soars 27% to record high as AI powers strong earnings and guidance Read More »

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo

Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.19, adjusted vs. $1.12 expected Revenue: $8.37 billion vs. $8.26 billion expected For

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo Read More »

Asia tech stocks rise after Trump pauses tariffs on China and Mexico

Asia tech stocks rise after Trump pauses tariffs on China and Mexico

Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains

Asia tech stocks rise after Trump pauses tariffs on China and Mexico Read More »

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89

Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal.  Horacio Villalobos | Corbis News | Getty Images Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89 Read More »

How DeepSeek’s new AI models are impacting the profits of global companies

How DeepSeek’s new AI models are impacting the profits of global companies

China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the on-going cost of running powerful AI models and that the firm’s decision

How DeepSeek’s new AI models are impacting the profits of global companies Read More »

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe

Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla shares slid about 5% on Monday after President Donald Trump announced plans for extensive tariffs on

Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe Read More »

Apple shares fall on concern Trump tariffs on China will hit profit

Apple shares fall on concern Trump tariffs on China will hit profit

Apple’s Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.  Pedro Pardopedro Pardo | Afp | Getty Images Apple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company assembles the majority of its products. Apple’s decline was steeper

Apple shares fall on concern Trump tariffs on China will hit profit Read More »

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