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Technology News

ServiceNow shares pop 15% on strong earnings, upbeat guidance

ServiceNow shares pop 15% on strong earnings, upbeat guidance

Technology News

Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023. Brendan Mcdermid | Reuters ServiceNow shares surged 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment. The enterprise technology company posted adjusted earnings of $4.04 per […]

ServiceNow shares pop 15% on strong earnings, upbeat guidance Read More »

Apple fined 1 million and Meta 8 million for breaching European Union antitrust rules

Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules

Technology News

Facebook and Instagram icons are seen displayed on an iPhone. Jakub Porzycki | Nurphoto | Getty Images The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws. The European Commission, which is the executive body of the EU, said it was fining Apple

Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules Read More »

Tesla short sellers have made .5 billion from this year’s selloff

Tesla short sellers have made $11.5 billion from this year’s selloff

Technology News

It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price. Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which

Tesla short sellers have made $11.5 billion from this year’s selloff Read More »

Amazon has paused some data center lease commitments, Wells Fargo says

Amazon has paused some data center lease commitments, Wells Fargo says

Technology News

Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Michael Nagle/Bloomberg via Getty Images Michael Nagle | Bloomberg | Getty Images Amazon has delayed some commitments

Amazon has paused some data center lease commitments, Wells Fargo says Read More »

Nvidia says it follows export laws ‘to the letter’ a day after AI chip sales to China stopped

Nvidia says it follows export laws ‘to the letter’ a day after AI chip sales to China stopped

Technology News

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025.  An Rong Xu | Bloomberg | Getty Images A day after Nvidia revealed it would incur $5.5 billion in costs related to canceled

Nvidia says it follows export laws ‘to the letter’ a day after AI chip sales to China stopped Read More »

Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

Technology News

Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025. Brittany Hosea-small | Reuters Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump’s sweeping tariff plans could hamper demand

Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls Read More »

Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices

Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices

Technology News

An attendee takes a photograph using a Google Pixel 9 smartphone during the CP+ trade show in Yokohama, Japan on February 27, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images The Japan Fair Trade Commission (JFTC) on Tuesday issued a cease and desist order against Google for unfair trade practices regarding search services

Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices Read More »

Figma confidentially files for IPO more than a year after ditching Adobe deal

Figma confidentially files for IPO more than a year after ditching Adobe deal

Technology News

Dylan Field, co-founder and chief executive officer of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Thursday, July 11, 2024. The annual event has been a historic breeding ground for media deals and is usually a forum for tech and media elites

Figma confidentially files for IPO more than a year after ditching Adobe deal Read More »

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