Technology
Intel issues weak guidance, says it will slash expenses this year
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel reported first-quarter results on Thursday that beat analysts’ estimates, while issuing disappointing guidance and announcing plans to slash operational and capital expenses […]
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ServiceNow shares pop 15% on strong earnings, upbeat guidance
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 […]
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Alphabet to report Q1 earnings results after the bell
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday. Here’s what analysts are expecting. Revenue: $89.2 billion, according to LSEG Earnings per share: $2.02, according to LSEG YouTube advertising revenue: $8.97 billion, according to StreetAccount Google Cloud revenue: $12.27 billion, according to StreetAccount Traffic acquisition costs (TAC): $13.66 billion, according to […]
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Adobe to launch mobile app for AI image generation tool as OpenAI steps up rivalry
Adobe’s new artificial intelligence image models, Firefly Image Model 4 and Firefly Image Model 4 Ultra, can generate hyper-realistic pictures in response to user prompts. Adobe LONDON — Adobe plans to launch a mobile version of its artificial intelligence image generation tool Firefly, stepping up a challenge to OpenAI as the Microsoft-backed startup advances its […]
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SK Hynix quarterly profit soars 158% to top estimates as chip demand surges on AI boom
Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images South Korea’s SK Hynix on Thursday topped quarterly revenue and operating profit estimates, with demand for its high bandwidth memory offerings used in generative artificial intelligence chipsets remaining robust. Here are SK Hynix’s first-quarter results […]
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Trump meme coin surges 50% after top holders offered dinner with the president
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images The $TRUMP meme coin jumped more than 50% on Wednesday after the […]
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Google forcing some remote workers to come back 3 days a week or lose their jobs
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024. Carlos Barria | Reuters Five years removed from the onset of the Covid pandemic, Google is demanding that some remote employees return to […]
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Discord names new CEO ahead of potential IPO as co-founder steps down
Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021. Dado Ruvic | Reuters Discord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday. Citron will be replaced by former Activision Blizzard Vice Chairman Humam Sakhnini, who will assume […]
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PayPal introduces 3.7% yield on stablecoin balances to boost payments activity
Close up of a woman’s hand paying with her smartphone in a cafe, scan and pay a bill on a card machine making a quick and easy contactless payment. D3sign | Moment | Getty Images PayPal and Venmo users will soon be able to earn yield on their stablecoin holdings, the company said Wednesday. Customers […]
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Meta makes ads on Threads available to all eligible advertisers
This photo illustration created in Washington, DC, on July 6, 2023, shows the logo for Threads, an Instagram app, reflected in its opening page. Stefani Reynolds | AFP | Getty Images Meta has opened up its Threads microblogging service to all advertisers. The social networking giant said Wednesday in a blog post that all “eligible […]
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