Technology
DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
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Investors are looking to Warner Bros Discovery for a streaming strategy — it already gave us a big hint
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images Investors are looking to Warner Bros. Discovery for details on its streaming strategy when the newly merged company reports second-quarter earnings after the bell Thursday. They already […]
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Coinbase shares soar more than 20% in boost from meme traders, BlackRock crypto deal
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients […]
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Gadget season is here — new folding phones, watches and earbuds are coming
Apple launches the iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, Amazon, Samsung and other firms are teeing up for a busy fall filled with lots of new gadget launches. It’s like clockwork. Big tech companies launch the latest products, like phones, watches, or even robots and flying security drones, beginning […]
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The great unrest: How 2020 changed the economy in ways we can’t understand yet
In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just […]
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Alibaba shares jump 7% after quarterly earnings beat expectations
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat […]
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Why this analyst believes advertising is the next big revenue driver for Apple
Advertising is the next revenue driver for technology giant Apple and the company is already making strides toward building it, according to Needham’s Laura Martin. “We believe advertising could be a meaningful upside driver for AAPL’s Services revenues and gross profit, especially based on AMZN’s success in growing its advertising business to $37B in 2022E, […]
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Pelosi’s Taiwan trip puts the world’s biggest chipmaker back in the spotlight of U.S.-China rivalry
Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest contract chipmaker in the world. But it has been thrust in the middle of U.S.-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images U.S. House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a spotlight […]
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Nuclear power is on the brink of a $1 trillion resurgence, but one accident anywhere could stop that momentum
21 July 2022, Bavaria, Essenbach: Water vapor rises behind sunflowers from the cooling system of the nuclear power plant (NPP) Isar 2. Picture Alliance | Picture Alliance | Getty Images Nuclear energy is at an inflection point. Early exuberance about its potential was undercut by a series of devastating and dangerous accidents: Three Mile Island […]
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Robinhood’s Tenev says the retail brokerage firm is not interested in selling itself despite struggles
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Robinhood CEO Vlad Tenev said Wednesday that the retail brokerage is not looking to be acquired despite announcing […]
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