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Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor

Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor

Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third quarter, slashing its forecast for the Switch console ahead of the release of […]

Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor Read More »

Palantir shares surge 15% after company posts strong earnings and outlook

Palantir shares surge 15% after company posts strong earnings and outlook

Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024.  David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 18% in extended trading on Monday after the software company reported fourth-quarter

Palantir shares surge 15% after company posts strong earnings and outlook Read More »

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024.  Jakub Porzycki | Nurphoto | Getty Images President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein Read More »

Intel issues weak forecast, citing seasonality and an uncertain economy

Intel issues weak forecast, citing seasonality and an uncertain economy

Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel issued disappointing quarterly guidance

Intel issues weak forecast, citing seasonality and an uncertain economy Read More »

IBM rallies nearly 14%, heads for best day ever on strong earnings

IBM rallies nearly 14%, heads for best day ever on strong earnings

Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025.  Yves Herman | Reuters IBM surged 14% Thursday on the back of a strong fourth-quarter print that showed artificial intelligence growth boosting its software business. The move put the stock

IBM rallies nearly 14%, heads for best day ever on strong earnings Read More »

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced

Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build. The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced Read More »

Tesla reports 0 million bitcoin profit jump after digital assets rule change

Tesla reports $600 million bitcoin profit jump after digital assets rule change

Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets. After showing a carrying value of

Tesla reports $600 million bitcoin profit jump after digital assets rule change Read More »

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg on Wednesday said it’s too early to tell what impact DeepSeek’s breakthrough AI model will have on his company and the broader

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough Read More »

Meta’s Reality Labs posts  billion loss in fourth quarter

Meta’s Reality Labs posts $5 billion loss in fourth quarter

Mark Zuckerberg, CEO of Meta Platforms Inc., wears Orion augmented reality glasses during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta continues to lose billions of Dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media

Meta’s Reality Labs posts $5 billion loss in fourth quarter Read More »

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