Tag Archives: technology
Chipmaker STMicroelectronics beats estimates, lifts 2022 outlook
STOCKHOLM (Reuters) -Franco-Italian chipmaker STMicroelectronics reported on Thursday second-quarter revenue that exceeded analysts' expectations, benefiting from strong demand for its chips used in s...
Jul 28, 2022
Kingsoft Cloud latest China firm to seek Hong Kong dual primary listing
HONG KONG (Reuters) - Cloud computer firm Kingsoft Cloud has filed documents for a dual primary listing in Hong Kong, becoming the latest Chinese company to seek a diversified listing in the Asian fin...
Jul 27, 2022
Samsung Elec Q2 profit up 12% on server chip demand
SEOUL (Reuters) - Samsung Electronics Co Ltd reported a 12% rise in April-June profit on Thursday, as robust data centre demand for high-margin memory chips underpinned prices. Operating profit rose t...
Jul 27, 2022
Bitcoin rises 6.9% to $22,717
(Reuters) - Bitcoin rose 6.85% to $22,717.05 at 22:05 GMT on Wednesday, adding $1,457.27 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 29.1% from the year's ...
Jul 27, 2022
Analysis: Why Spotify’s ‘Car Thing’ was destined for the hardware graveyard
By Dawn Chmielewski and Supantha Mukherjee LOS ANGELES/STOCKHOLM (Reuters) - Spotify Technology SA's Car Thing player is now a thing of the past. The world's leading audio streaming service on Wednesd...
Jul 27, 2022
Meta and others tumble after hours as results point to weak economy
By Noel Randewich (Reuters) - Shares of several major U.S. companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential rece...
Jul 27, 2022
Twitter says it does not object to 5-day Oct. 17 Musk trial
WILMINGTON, Del (Reuters) - Twitter Inc does not object to an Oct. 17 trial, as proposed by Elon Musk, over his bid to walk away from his $44 billion deal for Twitter if Musk, the chief executive of T...
Jul 27, 2022
Facebook-parent Meta forecasts revenue below estimates
(Reuters) - Meta Platforms Inc on Wednesday forecast current quarter revenue below estimates after the Facebook-parent recorded its first ever quarterly drop in revenue, amid a general weakness in the...
Jul 27, 2022
Rivian laying off 6% of its staff
(Reuters) - EV-maker Rivian Automotive Inc said on Wednesday it was laying off 6% of its staff as part of a restructuring plan. (Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D'Silva)
Jul 27, 2022
Qualcomm revenue forecast disappoints on cooling smartphone demand
(Reuters) -Qualcomm Inc forecast fourth-quarter revenue below estimates on Wednesday, bracing for difficult economic conditions and a slowdown in smartphone demand that could hit its mainstay handset ...
Jul 27, 2022
