Breaking News: Technology
Space company Masten files for bankruptcy after struggle with NASA moon contract
Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the […]
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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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Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks
Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lalmand | Belga Mag | AFP | Getty Images Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results […]
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Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian CEO RJ Scaringe and Amazon CEO Andy Jassy tour one of the company’s electric delivery vans. Amazon Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in […]
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Facebook lawsuit delivers on FTC chair Lina Khan’s progressive agenda
FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Graeme Jennings | AFP | Getty Images Federal Trade Commission Chair Lina Khan’s lofty vision of bringing challenging cases to expand the bounds of antitrust enforcement is no […]
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Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must […]
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