Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023. Sydney Boyo Arm reported fiscal third-quarter earnings that beat estimates and gave a strong profit forecast for the current quarter. The shares soared more than 20% in extended trading. … Read more
Ethanol plant, Milton, Wisconsin. Getty Images Ethanol producer and agri-tech company Green Plains said on Wednesday it would initiate a strategic review, a year after activist investor Ancora sent a letter to its board encouraging it to do just that. Shares jumped more than 15% in midday trading following the news, which was announced alongside … Read more
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in … Read more
David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022. David Paul Morris | Bloomberg | Getty Images Roblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines. … Read more
Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell more than 1% in premarket trading. Here’s how the company did: Earnings per share: 66 cents vs. … Read more
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Alibaba missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 billion, sending shares to whipsaw after earnings were released. U.S.-listed shares in … Read more
The Dubai skyline. Umar Shariff Photography Wheely, a luxury-focused competitor to ride-hailing giant Uber, is launching in Dubai as the company looks to reembark on an international expansion effort that was quashed by Covid in 2020. The company, founded by Russian-Swiss entrepreneur Anton Chirkunov, told CNBC it will offer rides in the United Arab Emirates … Read more
American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images SINGAPORE — Singapore has “very high” potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google … Read more
In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images The online ad market is bouncing back. But the spoils are not being evenly shared. After Meta blew away … Read more
WASHINGTON — A forthcoming rule from the Securities and Exchange Commission on the use of AI in finance is in the crosshairs of two Republican senators, who introduced a bill Tuesday to kill the regulation before it can be finalized. The draft rule unveiled last July would require financial firms to identify and eliminate conflicts … Read more
