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Microsoft’s stock heads for worst day in two years after disappointing forecast

Microsoft’s stock heads for worst day in two years after disappointing forecast

Finance News

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft‘s better-than-expected earnings report wasn’t enough to prevent the stock’s steepest selloff in two years, as investors instead focused on the company’s forecast for the current period. Microsoft […]

Microsoft’s stock heads for worst day in two years after disappointing forecast Read More »

Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Finance News

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024.  Manuel Orbegozo | Reuters Threads, Meta‘s rival to Elon Musk’s X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.

Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says Read More »

Uber reports third-quarter results that beat Wall Street’s revenue expectations

Uber reports third-quarter results that beat Wall Street’s revenue expectations

Finance News

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market

Uber reports third-quarter results that beat Wall Street’s revenue expectations Read More »

Jack Dorsey’s payments company Block expands corporate card service to the UK

Jack Dorsey’s payments company Block expands corporate card service to the UK

Finance News

Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm, Square, told CNBC that it

Jack Dorsey’s payments company Block expands corporate card service to the UK Read More »

Chinese smartphone company Honor gets new investors as it gears up for IPO

Chinese smartphone company Honor gets new investors as it gears up for IPO

Finance News

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers are: China Telecom — one

Chinese smartphone company Honor gets new investors as it gears up for IPO Read More »

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft CFO says OpenAI investment will cut into profit this quarter

Finance News

Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft‘s massive investment in OpenAI is weighing on earnings. Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to

Microsoft CFO says OpenAI investment will cut into profit this quarter Read More »

EBay stock sinks after company gives lackluster guidance for fourth quarter

EBay stock sinks after company gives lackluster guidance for fourth quarter

Finance News

A sign is posted in front of eBay headquarters in San Jose, California.  Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace posted its third-quarter earnings and gave guidance for the fourth quarter that fell short of Wall Street’s expectations. Here’s how the company

EBay stock sinks after company gives lackluster guidance for fourth quarter Read More »

Meta’s Reality Labs posts .4 billion loss in third quarter

Meta’s Reality Labs posts $4.4 billion loss in third quarter

Finance News

Meta CEO Mark Zuckerberg presents Orion AR Glasses as he 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 Despite Meta’s successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose

Meta’s Reality Labs posts $4.4 billion loss in third quarter Read More »

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

Finance News

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared Read More »

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