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Finance News

Alphabet’s Verily to sell Granular insurance business to Elevance Health

Alphabet’s Verily to sell Granular insurance business to Elevance Health

Finance News

Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in […]

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‘Dangerous proposition’: Top scientists warn of out-of-control AI

‘Dangerous proposition’: Top scientists warn of out-of-control AI

Finance News

Yoshua Bengio (L) and Max Tegmark (R) discuss the development of artificial general intelligence during a live podcast recording of CNBC’s “Beyond The Valley” in Davos, Switzerland in January 2025. CNBC Artificial general intelligence built like “agents” could prove dangerous as its creators might lose control of the system, two of of the world’s most

‘Dangerous proposition’: Top scientists warn of out-of-control AI Read More »

Doximity shares soar 21% after company beats on revenue, raises fiscal year guidance

Doximity shares soar 21% after company beats on revenue, raises fiscal year guidance

Finance News

Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Shares of Doximity popped 21% on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and offered rosy guidance. Here’s how the company did: Earnings per share: 37 cents. That may not compare with

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Affirm shares pop more than 10% on revenue beat

Affirm shares pop more than 10% on revenue beat

Finance News

Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 23 cents adjusted. That’s not comparable to an expected loss of 15 cents. Revenue: $866 million

Affirm shares pop more than 10% on revenue beat Read More »

Amazon issues disappointing guidance even as earnings top estimates

Amazon issues disappointing guidance even as earnings top estimates

Finance News

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock fell as much as 2% in extended trading. Here

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Roblox plummets 16% on disappointing bookings, daily active users miss

Roblox plummets 16% on disappointing bookings, daily active users miss

Finance News

Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street’s bookings and daily active user estimates. Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily active users came in at 85.3 million, reflecting 19% growth from a year

Roblox plummets 16% on disappointing bookings, daily active users miss Read More »

Google scraps diversity ‘aspirations,’ citing role as federal contractor

Google scraps diversity ‘aspirations,’ citing role as federal contractor

Finance News

Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images Google is scrapping its diversity goals, becoming the latest tech giant to alter its approach to hiring and promotions following the election

Google scraps diversity ‘aspirations,’ citing role as federal contractor Read More »

Salesforce picks board member Robin Washington to be its next finance and operating leader

Salesforce picks board member Robin Washington to be its next finance and operating leader

Finance News

FILE PHOTO: Robin Washington speaks on stage during 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center on February 22, 2019 in San Jose, California. Marla Aufmuth | Wireimage | Getty Images Salesforce on Wednesday said former Gilead Sciences finance chief Robin Washington will join the software maker to become president

Salesforce picks board member Robin Washington to be its next finance and operating leader Read More »

Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Finance News

Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29: Earnings per share: $3.41, adjusted,

Qualcomm tops estimates for earnings and revenue on strong smartphone demand Read More »

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