Netflix Inc. announced on Sunday that it had decided to drop the production of Pearl, an animated series created by Meghan Markle, Duchess of Sussex. This move marked the latest cost-saving efforts after the streaming
Intel Corporation issued a lower-than-expected forecast for its fiscal second quarter, citing further chip shortages due to the widening COVID-19 curbs in China. The chipmaker projects a current-quarter adjusted profit of $0.70 per share, below
Qualcomm Inc.’s strategy to diversify into the growing non-handset business paid off with upbeat second-quarter earnings. The semiconductor company delivered earnings of $3.21 per share, surpassing the $2.91 expected. This figure also represented an increase
Google parent Alphabet Inc released weaker-than-expected earnings and revenue for the first quarter, primarily hit by a big miss at YouTube. The world’s largest provider of search and video reported revenue of $68.01 billion. However,
The current sharp drop in graphic processing units (GPU) could signal an unexpected ending to a global chip crunch. Earlier this month, analysts said the markup over the manufacturer’s suggested retail price (MSRP) has skidded
Alphabet’s unit Google and other major technology companies face new online rules set by the European Union. The latest order will force tech companies to take greater responsibility for the content that appears on their
Snap Inc, the parent company of Snapchat, warned on Thursday that supply-chain disruptions and inflation could continue to pull advertising demand. The Santa Monica-based company emphasized that labor shortages and other economic challenges could pressure
Tesla Inc’s first-quarter earnings results raced past market expectations on Wednesday as higher vehicle prices helped insulate the firm from rising material costs. The leading electric vehicle maker reported quarterly revenue of $18.76 billion, compared
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