Enterprise
Crypto company FTX receives warning from FDIC to stop ‘misleading’ shoppers about deposit protection
Sam Bankman-Fried, founder and chief government officer of FTX Cryptocurrency Derivatives Trade, speaks all through an interview on an episode of Bloomberg Prosperity with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Illustrations or photos FTX, the crypto trade controlled by Sam Bankman-Fried, gained a stop-and-desist […]
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Cisco shares on track for best day in almost two years after earnings beat
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco shares jumped about 6% on Thursday and headed for their best day in almost two years after the computer networking company reported better-than-expected quarterly results and offered rosy guidance for the coming year. Revenue declined […]
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Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast
Cisco issued fiscal fourth-quarter results on Wednesday that topped analysts’ projections and provided a better-than-expected forecast for the coming year. The stock rose 2.5% in extended trading. Here’s how the company did: Earnings: 83 cents per share, adjusted, vs. 82 cents per share as expected by analysts, according to Refinitiv. Revenue: $13.10 billion, vs. $12.79 […]
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Apple reportedly in talks to make Apple Watches and MacBooks in Vietnam
Apple CEO Tim Cook poses in front of a new MacBook Airs running M2 chips display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple is in talks to produce Apple Watches, MacBooks and HomePods in Vietnam for the first time, Nikkei Asia said Wednesday. It […]
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Apple reportedly lays off 100 contract recruiters after committing to hiring on a ‘deliberate basis’
Apple CEO Tim Cook walks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, according to Bloomberg. The recruiters, who are responsible for hiring new employees at […]
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Andreessen Horowitz announces plans to invest in Adam Neumann’s new residential real estate company
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Venture capital firm Andreessen Horowitz announced Monday that it plans to invest in Adam Neumann’s new residential real estate company called Flow. Neumann is the founder and former CEO of the coworking space company WeWork, but he left in 2019 after the company botched its plans […]
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Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their […]
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Toast shares pop as revenue beats estimates and forecast shows more restaurants are going digital
Toast shares jumped 12% Friday after the restaurant software vendor beat revenue estimates and said the number of locations it serves surged 40% in the second quarter. Toast provides technology that can serve as a restaurant’s operating system across dine-in, takeout, and delivery channels. Its products gained rapid adoption during the pandemic as restaurants moved […]
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Popular meditation app maker Calm reportedly lays off 20% of employees
Edward smith | Getty Images The popular meditation startup Calm, known for its wellness app of the same name, has laid off 20% of its staff, according to The Wall Street Journal, which viewed a memo sent by CEO David Ko to employees on Thursday. Roughly 90 out of 400 Calm employees were laid off, […]
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TikTok parent ByteDance acquires private hospital chain
TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end healthcare organization called Amcare Healthcare. Bloomberg said the deal is worth $1.5 billion. Amcare Healthcare was founded in […]
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