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PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin Dollars and earnings per share. The stock slipped more than 4% following the report. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected […]

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates Read More »

Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI

Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI

Data storage tapes are stored at the National Energy Research Scientific Computing Center (NERSC) facility at the Lawrence Berkeley National Laboratory, which will house the U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S. May 29, 2025. Manuel Orbegozo | Reuters Europe is setting its sights on gigawatt factories

Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI Read More »

Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024.  Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica

Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says Read More »

MicroStrategy copycats are getting out of control as Canadian vape company joins fray

MicroStrategy copycats are getting out of control as Canadian vape company joins fray

The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency exchange in Istanbul, Turkey, on Wednesday, Nov. 6, 2024.  David Lombeida | Bloomberg | Getty Images The crypto market’s bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication. On Monday, a little-known Canadian vape company saw its stock surge

MicroStrategy copycats are getting out of control as Canadian vape company joins fray Read More »

Firefly Aerospace sets IPO range that would value rocket maker at .5 billion

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion.

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion Read More »

Huawei reclaims No. 1 smartphone spot in China — and Apple returns to growth

Huawei reclaims No. 1 smartphone spot in China — and Apple returns to growth

The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024. Cfoto | Future Publishing | Getty Images Huawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its

Huawei reclaims No. 1 smartphone spot in China — and Apple returns to growth Read More »

Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category. Alibaba Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category.

Alibaba to launch AI-powered glasses creating a Chinese rival to Meta Read More »

Samsung Electronics signs .5 billion chip-supply contract; shares rise

Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors, a regulatory filing showed Monday. Samsung shares were up more than 2% in early trading. The South

Samsung Electronics signs $16.5 billion chip-supply contract; shares rise Read More »

Musk’s Starlink hit with outage day after rollout of T-Mobile satellite service

Musk’s Starlink hit with outage day after rollout of T-Mobile satellite service

Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s satellite internet service Starlink said it had a “network outage” on Thursday. The company said it was working on a solution. There were more than 60,000 reports of an outage on Downdetector, a site that logs issues. Starlink is owned and operated by SpaceX, which is

Musk’s Starlink hit with outage day after rollout of T-Mobile satellite service Read More »

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