Mobile
Nvidia didn’t tell investors enough about effects of crypto mining on its business, SEC says
A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards. Nvidia […]
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DoorDash rises after reporting 35% sales growth
Tony Xu, co-founder and chief executive officer of DoorDash Inc. David Paul Morris | Bloomberg | Getty Images DoorDash stock rose over 10% in extended trading after the company reported 35% revenue growth in the first quarter, suggesting that the company’s core business of delivering takeout food can still grow even after pandemic-driven highs. However, […]
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Tesla bull Ron Baron says Musk got an ‘incredibly cheap’ deal on Twitter
Ron Baron Cameron Costa | CNBC Ron Baron, one of Tesla’s largest shareholders and CEO of Baron Capital, suggested Thursday that Musk got a good deal on his Twitter acquisition, after earlier calling the Tesla CEO’s involvement in the company “meaningless.” In a statement to CNBC’s Becky Quick, Baron said that, after doing two days […]
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AMD sales jump 71%, shrugging off concerns about PC slowdown
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up over 3% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March: EPS: $1.13, adjusted, versus $0.91 expected, up 117% […]
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First Apple store union vote set to start June 2 in Atlanta
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Apple store employees in Atlanta will vote to potentially form the first unionized Apple retail location starting on June 2nd, […]
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EU regulator accuses Apple of restricting rivals’ access to payment tech
CEO of Apple Tim Cook attends the 2022 Vanity Fair Oscar Party following the 94th Oscars at the The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California on March 27, 2022. Patrick T. Fallon | AFP | Getty Images Europe’s antitrust regulator accused Apple of restricting rivals’ access to its payment technology, […]
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Amazon has bold ambitions to take on SpaceX in the satellite internet business
Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space industry — for launches of its Kuiper satellites with three different entities: Jeff Bezos’s […]
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Apple’s big quarter shows that smartphones aren’t getting hit by weakening macroeconomic conditions
The results suggest that the premium smartphone market could be resilient if macroeconomic conditions deteriorate and consumers start watching their expenses. Source
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Apple posts big beat and 9% revenue pop, authorizes $90 billion buyback
Apple CEO Tim Cook greets customers at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. Lucy Nicholson | Reuters Apple’s revenue grew nearly 9% on an annual basis in the quarter ending in March, the company said on Thursday, showing strong growth and bucking investor worries about a […]
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Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter of 2022, in what […]
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