Reuters | May 8, 2023
By Akash Sriram (Reuters) -U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these […]
Reuters | May 4, 2023
By Vansh Agarwal (Reuters) -Bumble Inc beat estimates for first-quarter revenue on Thursday as user spending on its eponymous dating app remained strong despite a looming recession, sending the company’s shares up 7% in aftermarket trading. The parent company of Bumble, Badoo, and Fruitz, benefited from strong user growth during the quarter as more people […]
Reuters | May 2, 2023
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom. The Writers Guild of America (WGA) called its first work stoppage in 15 years […]
Reuters | April 27, 2023
By Paul Sandle LONDON (Reuters) – Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of ‘Call of Duty’ maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it […]
Reuters | April 21, 2023
By Andrey Sychev and Supantha Mukherjee (Reuters) – Business software maker SAP on Friday reported first-quarter revenue above analysts’ expectations, backed by growth in its cloud business but lowered its outlook for the year due to the divestment of its Qualtrics unit. SAP, which in January announced plans to cut 3,000 jobs as it looked […]
Reuters | April 19, 2023
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth. The company said it shifted a wider launch of a plan to crack down on unsanctioned […]
Reuters | April 18, 2023
(Reuters) -Alphabet Inc shares fell as much as 4% on Monday following a report South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from […]
Reuters | April 13, 2023
By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims to have the technology widely used for instant payments. The software upgrade, known as “Shapella,” was set to unlock more than $30 billion worth of […]
Reuters | April 11, 2023
By Josh Horwitz and Josh Ye SHANGHAI (Reuters) – Alibaba Group Holding Ltd on Tuesday showed off its generative AI model – its version of the tech that powers chatbot sensation ChatGPT – and said it would be integrated into all of the company’s apps in the near future. The unveiling, which came on the […]
Reuters | April 5, 2023
By Jonathan Stempel (Reuters) – Fox News said Tucker Carlson, Sean Hannity and Maria Bartiromo and other top on-air personalities will be available to testify as it defends itself against a $1.6 billion defamation lawsuit claiming it lied about voter fraud in the 2020 U.S. presidential election. In a letter filed on Tuesday in Delaware […]