Enterprise
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
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VMware veteran takes helm of pre-IPO software company Cohesity, though market debut is on hold
Sanjay Poonen, former COO, VMware Scott Mlyn | CNBC Cohesity, a startup selling software to back up corporate data, said Tuesday it hired former VMware operating chief Sanjay Poonen to be its next CEO, as the company challenges incumbents like Dell and marches toward an eventual IPO. Poonen told CNBC that he received a call […]
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Chinese e-commerce giant Alibaba teams up with Tesla rival Xpeng on tech for driverless cars
XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba and electric vehicle startup Xpeng are opening a computing center to train software for driverless cars, the […]
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Intel stock slumps 11% after poor earnings show softening demand for PCs
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel stock is down 11% on Friday, a day […]
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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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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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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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Etsy shares pop as company beats on top and bottom lines
Josh Silverman, CEO of Etsy Adam Jeffery | CNBC Etsy shares jumped more than 8% in after-hours trading on Wednesday after the company’s second quarter earnings beat on top and bottom lines. Here’s how the company did: Earnings per share: $0.51 vs. $0.31 estimated, according to Refinitiv Revenue: $585 million vs. $556 million estimated, according […]
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Microsoft set to report earnings after the bell
Microsoft chief executive officer Satya Nadella talks at a Microsoft news conference in New York. Don Emmert | AFP | Getty Images Microsoft will announce its fiscal fourth-quarter results after markets close on Tuesday. Here’s what analysts are looking for: Earnings: $2.29 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue: $52.44 billion […]
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Former Coinbase manager and two others charged in crypto insider trading scheme
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 Three people have been charged in the first-ever crypto insider trading tipping scheme, according to the U.S. Attorney’s Office for the […]
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