Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares fell more than 15% Wednesday after the social media company withheld second-quarter guidance due to the uncertain macroeconomic environment. […]
Snap sinks 15% after withholding guidance, citing ad concerns Read More »
Gabby Jones | Bloomberg | Getty Images Etsy shares jumped in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter. Here’s how the company did: Revenue: $651.2 million vs. $643 million, according to LSEG Loss: Loss per share of 49 cents The e-commerce company reported a net loss of $52.1
Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025. Kacper Pempel | Reuters Microsoft President Brad Smith says the U.S. tech giant is committed to respecting European laws — even though it may not always agree with them. “Like
Microsoft says it respects European laws as U.S. ramps up trade tensions with EU Read More »
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Samsung Electronics’ operating profit and revenue beat analysts’ estimates Wednesday, as sales of its flagship Galaxy S25 smartphones and as well as memory chips rose. The South Korean company posted a record quarterly revenue, up
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand. Shares dropped 14% in after-hours trading. Here is
Snap plunges 14% on ‘headwinds’ to start quarter, inability to offer guidance Read More »
In a warming world with increasingly extreme weather events, homeowners are turning to backup batteries for relief and peace of mind. But the backup only lasts only so long, and there’s a bigger problem at play: aging power grids. Enter the virtual power plant, managed through a cloud-based system. It’s a fertile market for a
Why Lennar is betting on a startup building backup batteries for Texas homes Read More »
SpaceX’s mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025. Eric Gay | AP As SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site into an incorporated Texas city, lawmakers have declined
SpaceX loses bid to control beach access near launch facility in Texas Read More »
Romain Costaseca | Afp | Getty Images LONDON — Britain on Tuesday published draft legislation for the cryptocurrency industry, touting greater collaboration with the U.S. as it looks to regulate the wild world of digital assets. Speaking at a fintech event Tuesday, U.K. Finance Minister Rachel Reeves announced plans for a “comprehensive regulatory regime for
UK announces draft rules for crypto industry, touts greater collaboration with U.S. Read More »
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta Platforms is launching a stand-alone artificial intelligence app and going head-to-head with ChatGPT maker OpenAI. The new AI assistant offering will run on Meta’s
Meta launches standalone AI app to take on ChatGPT Read More »
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon is considering showing a tariff surcharge on items sold via its site for ultra-low-price items, called Haul, the company confirmed
Amazon considers displaying tariff surcharge on low-cost Haul products Read More »
