Tag: tech stocks

Foxconn, the world's largest contract electronics maker, announced on Sunday that its revenue in February declined by 11.65% year-on-year, citing a weak consumer electronics market. Despite this decline, Foxconn has stuck to its previously-stated first-quarter outlook. One of Apple's major suppliers, Foxconn assembles the company's...

Apple partner Foxconn Technology Group is planning to invest $700 million on a new plant in India to boost local production, sources familiar with the matter revealed. This comes as the manufacturer seeks to shift its operations away from China as tensions with the...

Apple supplier Foxlink had to suspend production at its assembly facility in the Southern Indian state of Andhra Pradesh on Monday, two government officials confirmed. This move came after a fire broke out at the plant, with the company having to evacuate 400 workers...

Shares in payments company Block rose by almost 5% during after-hours trading on Thursday after the company reported fourth-quarter financial results that beat Wall Street estimates. The company stated that its customers' spending remained resilient despite tightening economic conditions. Block's revenue for the fourth quarter...

European and Asian markets were on the rise on Monday morning as optimism regarding China's economic recovery continues to rise. Such investor confidence appeared to outweigh concerns over a flailing dollar as U.S. borrowing costs are expected to remain higher for longer. The Stoxx Europe...

DraftKings stocks surged by 17% during early trading on Friday as the sports betting company posted better-than-expected fourth-quarter financial results. While the company experienced an adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) loss, the size of the loss was significantly less than expected....