Tag: tech giants

Global stocks tumbled on Thursday morning as chipmakers and other big tech companies reported disappointing earnings results that largely fell short of market expectations. The benchmark S&P 500 remained little changed after its 2.3% slump during the previous session. Nasdaq 100 futures edged 0.1%...

Google parent company Alphabet Inc. reported strong second-quarter earnings on Wednesday, beating analysts' estimates at large. The company's $84.7 billion revenue topped forecasts of $84.3 billion, while earnings per share for Q2 was $1.85, exceeding Wall Street estimates of $1.85 per share. Data from...

Electric vehicle maker Tesla is set to offer a one-month free trial to U.S. customers of its driver-assist technology, Full Self-Driving (FSD), CEO Elon Musk announced on Monday. "All U.S. cars that are capable of FSD will be enabled for a one-month trial this...

Reddit Inc. is projecting over 20% in revenue growth in 2024, the social media company stated in its initial public offering. Revenue in 2023 was $804 million according to its filing with the U.S. Securities and Exchange Commission; a 20.5% rise from the previous...

The tech-heavy Nasdaq Composite closed 0.8% lower on Tuesday as markets digested the latest earnings reports from leading tech companies. The Dow Jones Industrial Average rose 0.4% during the session, while the benchmark S&P 500 remained flat. Having fluctuated between both sides of the flatline,...

Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement. Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...