Finance News Archives | Page 169 Of 209

AppLovin soars almost 30% on earnings, guidance beat

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings per share: $1.73 vs. $1.24 expected Revenue: $1.37 billion vs. […]

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Cisco pops on increased full-year revenue forecast

Finance News

Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Cisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations. Here’s how the company

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Apple brings its TV streaming service to rival Android platform

Finance News

Britt Lower and Adam Scott in “Severance,” now streaming on Apple TV+. Source: Apple TV+ Apple TV+ is now available on Android devices as the iPhone maker on Wednesday released its video streaming service for Google’s mobile computing platform. It’s unusual for Apple to release Android apps. The company typically focuses on software for its own

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Apple launches first major health study in 5 years. Here’s how you can opt in

Finance News

Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024. Justin Sullivan | Getty Images Apple is deepening its investment in health-care research by launching a new, yearslong project called the Apple Health Study, the company announced Wednesday. The study will

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Lyft shares sink 9% on underwhelming fourth-quarter results

Finance News

Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides

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Neuralink competitor Paradromics secures investment from Saudi Arabia’s Neom

Finance News

Paradromics scientists at work Source: Paradromics Texas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia’s Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region. Neom is a developing area within northwest Saudi Arabia that’s touted as “a hub for innovation,” according to its website. The

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Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

Finance News

Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and Kenya. Roughly 200 staff members will be impacted by the

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SoftBank posts surprise loss in third quarter as Vision Fund investments go into red; revenue also misses estimates

Finance News

The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds’ investments fell into red. The Japanese company’s revenue also missed analysts’ estimates. Here are Softbank’s results compared with LSEG SmartEstimate, which is weighted

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Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market

Finance News

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — China’s Baidu plans to release the next generation of its artificial intelligence model in the second half of this year, according to a source familiar with the matter, as

Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market Read More »

Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

Finance News

Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek,

Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid Read More »

AppLovin soars almost 30% on earnings, guidance beat

Cisco pops on increased full-year revenue forecast

Apple brings its TV streaming service to rival Android platform

Apple launches first major health study in 5 years. Here’s how you can opt in

Lyft shares sink 9% on underwhelming fourth-quarter results

Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

SoftBank posts surprise loss in third quarter as Vision Fund investments go into red; revenue also misses estimates

Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market

Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

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