Technology
Analysts hail Amazon as a port in the storm after the retail giant’s strong quarter
Not everyone does it like Amazon. The company on Thursday posted results that beat Wall Street’s top line estimates and issued an optimistic outlook for the current quarter. Shares of the company jumped more than 12% in premarket trading Friday following the results. It was one of few Big Tech companies to post better-than-expected results […]
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Bitcoin hits 6-week high topping $24,000 in a post-Fed rally
Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurphoto | Getty Images Bitcoin hovered around $24,000 on Friday, hitting a 6-week high as it continues to follow stock markets higher. The world’s […]
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Apple’s iPhones held up surprisingly well in China even as the country faced Covid lockdowns
Apple’s smartphone shipments in China jumped sharply in the second quarter, even as the country faced Covid-related lockdowns in major cities, according to a new report. In the second quarter, Apple shipped 9.9 million iPhones in China — up 25% year-on-year, market research firm Canalys said in a report published Friday. UBS analysts also said […]
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Amazon says consumer spending remains strong, bucking broader retail gloom
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm bells across the retail sector […]
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Apple’s services slowdown is potential concern for investors focused on profit margins
Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images For over half a decade, Apple has been touting its services business as a growth engine that will make up for smart […]
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Apple beats on revenue and profit, expects growth to accelerate despite ‘pockets of softness’
Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20 vs. $1.16 estimated, down […]
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Roku shares crater after company misses on earnings and warns of ‘recessionary fears’
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and […]
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Amazon says cloud-computing revenue rose 33%, topping Wall Street estimates
Amazon Web Services CEO Adam Selipsky speaks at the AWS Reinvent conference in Las Vegas on Nov. 30, 2021. Noah Berger | Getty Images Amazon said Thursday that revenue from its cloud segment rose 33% in the second quarter, beating analysts’ estimates. Amazon Web Services generated $19.74 billion in revenue in the period, according to […]
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Hacktivist group Anonymous is using six top techniques to ’embarrass’ Russia
Members of the loosely connected collective known as Anonymous are known for wearing Guy Fawkes masks in public. Jakub Porzycki | Nurphoto | Getty Images Ongoing efforts by the underground hacktivists known as Anonymous are “embarrassing” Russia and its cybersecurity technology. That’s according to Jeremiah Fowler, co-founder of the cybersecurity company Security Discovery, who has […]
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Shopify’s pandemic boom is finally over — here’s how the e-commerce company is reinventing itself
The Shopify application for download in the Apple App store on a smartphone arranged in Brooklyn New York, on Wednesday, Feb. 16, 2022. Gabby Jones | Bloomberg | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Shopify’s pandemic boom is finally […]
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