Technology

On Wednesday, Walt Disney Company relieved worries after reporting higher-than-expected streaming subscriber growth, steering away from Netflix Inc’s fate last month. The streaming service picked up 7.90 million new customers in the fiscal second quarter, resulting in a total of 137.70 million subscribers. Consequently, it beat the average market expectation of adding 30.00 million Disney+ …

Disney Steers from Netflix’s Dip as Streaming Rises Read More »

AMC Entertainment Inc. posted better-than-expected quarterly revenue as “The Batman” movie drove a surge in box-office collection at the world’s largest theater chain. The film had a solid run in theaters, recording nearly 40.00 million visitors during the quarter. Then, the revenue collected during the period did not outweigh the $1.00 billion in operating expenses …

AMC’s box-office collection buoyed by Batman fans Read More »

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 analysts’ average estimate of $0.83. Eventually, its forecasted revenue was $18.00 billion, missing the market consensus of $18.38 billion. As …

Intel Expects Chip Shortages on China’s COVID Curbs Read More »

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 with the forecasted $17.80 billion. Subsequently, automotive revenue reached $16.86 billion, representing an 87.00% increase from last year. Regulatory credits …

Tesla surges past mounting costs with EV price hikes Read More »

Elon Musk proposed to purchase Twitter for $42.00 billion in a filing published on Thursday. He said that the social media giant needs to be private to become a platform for free speech. The offer came after he revealed a 9.10% stake in the company, making him the second-largest shareholder. Musk made the bid in …

Elon Musk proposes to buy Twitter for $42B Read More »

  Stripe will partner with major companies, including Alphabet and Meta, to fund $952.00 million in spurring the carbon-capture market. The online payments provider announced the creation of Frontier. It is an advanced commitment to permanent carbon removal from firms that develop the technology. Accordingly, the initiative will be a wholly-owned subsidiary of Stripe. Meanwhile, …

Stripe works with major tech toward carbon capture Read More »

On Thursday, Samsung Electronics anticipated a 50.00% jump in the first-quarter operating earnings as solid demand underpinned prices for memory chips. The world’s largest memory chip and smartphone maker expected a Q1 profit of $11.66 billion. This estimate came in higher than the market consensus of $10.90 billion. At the same time, it edged up …

Samsung Electronics forecasts 50% jump in Q1 profit Read More »

On Thursday, Alphabet-owned Google announced to halt advertisements that exploit, dismiss, or condone the ongoing crisis between Russia and Ukraine. The American internet giant emphasized that it will not help websites, apps, and YouTube channels that will not comply. The company operates through advertising software that helps publishers generate revenue. Correspondingly, it cited that it …

Google suspends ads that exploit Russia-Ukraine war Read More »