(Bloomberg) — Dropbox Inc. said its digital-signature product, Dropbox Sign, was breached by hackers, who accessed user information including emails, user names and phone numbers. Most Read from Bloomberg The software company said it became aware of the cyberattack on April 24, sought to limit the incident and reported it to law enforcement and regulatory […]
(Reuters) – First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy. The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the […]
(Bloomberg) — Vidio, Indonesia’s answer to Netflix Inc., is aiming to double its paid subscribers to 8 million in the next two to three years ahead of plans to go public in a market where streaming still has much room to grow. Most Read from Bloomberg The company, owned by Indonesian media conglomerate PT Elang […]
(Bloomberg) — EBay Inc. declined after giving a weak forecast for the current quarter, reinforcing investor worries that the one-time pioneer continues to lose relevance in a maturing e-commerce market crowded with competitors. Most Read from Bloomberg EBay projected earnings of $1.10 to $1.15 a share on revenue of as much as $2.54 billion in […]
(Reuters) – U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped it offset a decline in natural gas prices. The Oklahoma City-based company also raised its full-year 2024 production outlook by 2% to a range of 655,000 to 675,000 barrels of oil equivalent per day (boepd). […]
(Bloomberg) — Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a solid forecast for the current period, suggesting that handset demand continues to recover. Most Read from Bloomberg Revenue in the three-month period ended in June will be $8.8 billion to $9.6 billion, the company said in a statement Wednesday. Excluding certain items, […]
By Stephen Nellis and Arsheeya Bajwa (Reuters) -Qualcomm on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android smartphones with artificial-intelligence features. After a smartphone slump last year, Qualcomm said that China’s Android market – which has become critical to the company – has […]
Apple (AAPL) will report its second quarter earnings after the bell on Thursday, as Wall Street braces for what has the potential to be a sizable drop in iPhone sales out of China. According to Counterpoint Research, iPhone sales fell 19% in the quarter, while rival Huawei continued to regain its footing after the U.S. […]
Tech earnings season is in full swing, and while a handful of notable players still need to report, namely Apple (AAPL) and Nvidia (NVDA), there’s one key throughline running through the announcements so far: It’s taking a lot of money to make money on AI. Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT), […]
By Davide Barbuscia and Ross Kerber NEW YORK/BOSTON (Reuters) – A pension fund for New York City employees urged BlackRock’s shareholders to vote against the election of Saudi Aramco’s chief executive as director, citing potential conflicts of interest around the asset manager’s decarbonizing strategy as well as human rights concerns. The world’s top asset manager […]
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission is moving to prevent Huawei, ZTE and other foreign companies deemed to pose U.S. national security concerns from certifying wireless equipment, officials told Reuters on Wednesday. The FCC plans to vote this month on a bipartisan proposal to ensure that telecommunications certification bodies and test labs […]
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Wednesday it was launching a trade investigation into claims by GoPro Inc that its camera and camera systems patents were violated by a Chinese company importing similar products into the U.S. In a public notice, the USITC said the probe under Section 337 of the […]
