Technology
Super Micro shares dive after server maker issues weak preliminary financials
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro shares plunged as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third quarter that were lower than analysts had projected. Here’s how […]
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Snap plunges 14% on ‘headwinds’ to start quarter, inability to offer guidance
Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand. Shares dropped 14% in after-hours trading. Here is […]
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Why Lennar is betting on a startup building backup batteries for Texas homes
In a warming world with increasingly extreme weather events, homeowners are turning to backup batteries for relief and peace of mind. But the backup only lasts only so long, and there’s a bigger problem at play: aging power grids. Enter the virtual power plant, managed through a cloud-based system. It’s a fertile market for a […]
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Shift4 shares surge 11% on earnings beat as fintech stocks climb on results and upgrades
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021. Source: NYSE Fintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector. Shift4 Payments and Upstart Holdings surged following upbeat news, while PayPal shares were slightly higher despite delivering a […]
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SpaceX loses bid to control beach access near launch facility in Texas
SpaceX’s mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025. Eric Gay | AP As SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site into an incorporated Texas city, lawmakers have declined […]
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Amazon says displaying tariff cost ‘not going to happen’ after White House blowback
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon said Tuesday it considered displaying import charges on items sold via its site for ultra-discount items, but that the plan […]
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Meta launches standalone AI app to take on ChatGPT
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta Platforms is launching a standalone artificial intelligence app and going head-to-head with ChatGPT maker OpenAI, the company said Tuesday. The news confirms previous CNBC reporting from February, […]
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PayPal reports first-quarter earnings beat, maintains forecast
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images PayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty. The stock fell […]
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Venmo revenue grows 20%, with debit card payment volume soaring
Justin Sullivan | Getty Images Venmo, long a centerpiece of PayPal‘s growth story but often criticized for its lack of monetization, is becoming a bigger contributor to the business. PayPal said Tuesday in its first-quarter earnings release that revenue at Venmo increased 20% year-over-year in the first quarter, though the company didn’t provide a dollar […]
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Alibaba launches new Qwen LLMs in China’s latest open-source AI breakthrough
Qwen3 is Alibaba’s debut into so-called “hybrid reasoning models,” which it says combines traditional LLM capabilities with “advanced, dynamic reasoning.” Sopa Images | Lightrocket | Getty Images Alibaba released the next generation of its open-sourced large language models, Qwen3, on Tuesday — and experts are calling it yet another breakthrough in China’s booming open-source artificial […]
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