Mobile
Coinbase revenue drops 27% from a year ago, stock slides
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. […]
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Apple discontinues the last iPod model
Steve Jobs at Macworld in 2004. Getty Images Apple is discontinuing the iPod touch, the last version of the portable music player it still sells. The announcement ends an era of digital music that Apple kicked off when it first introduced the iPod in 2001, boasting of its ability to hold “up to 1,000 CD-quality […]
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Cable companies to offer effectively free internet to low-income homes
Vice President Kamala Harris during an event on high-speed internet access. Kent Nishimura | Los Angeles Times | Getty Images The Biden administration said it secured commitments from 20 internet service providers to either reduce prices or increase speeds to serve low-income households, according to a White House press release published Monday. The news means […]
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Nasdaq records first five-week losing streak since 2012
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. – US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) JOHANNES EISELE | AFP | Getty Images The Nasdaq Composite fell […]
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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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