Finance News Archives | Page 153 Of 160

Jack Dorsey dramatically scales back crypto ambitions for Block

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images During the crypto-crazed summer of 2021, when memecoins like dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his […]

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Tesla hits trillion market cap as stock rallies after Trump win

Tesla hits $1 trillion market cap as stock rallies after Trump win

Finance News

Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. The Washington Post | The Washington Post | Getty Images Shares of Tesla climbed more than 5% in mid-morning trading Friday, pushing the electric vehicle maker’s

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Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Finance News

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4

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Sony reports 69% jump in operating profit, beating expectations

Finance News

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations. Here’s how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates: Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats analyst

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How Samsung fell behind in the AI boom leading to a 6 billion wipeout

How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Finance News

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics was once the dominant player in a type of semiconductor known as memory, putting it in a great position to capitalize on the boom of

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Affirm beats on top and bottom lines

Finance News

Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume (GMV) of $7.6 billion, topping the

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Airbnb stock up as revenue jumps

Finance News

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock jumped about 8% in

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AppLovin, top tech stock of the year, soars another 45% on earnings beat

Finance News

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. The stock jumped past $245 in early afternoon trading. It’s now up 515% this year, far outpacing all other tech companies valued at

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FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence

Finance News

Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024. Michael Nagle | Bloomberg | Getty Images Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman

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Payments giant Adyen reports 21% jump in third-quarter sales

Finance News

Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying

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Jack Dorsey dramatically scales back crypto ambitions for Block

Tesla hits $1 trillion market cap as stock rallies after Trump win

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony reports 69% jump in operating profit, beating expectations

How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Affirm beats on top and bottom lines

Airbnb stock up as revenue jumps

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence

Payments giant Adyen reports 21% jump in third-quarter sales

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