(Bloomberg) — PayPal Holdings Inc.’s payment volume climbed 14% in the first quarter on increased consumer spending globally, giving a boost to the firm’s shares in early trading. Most Read from Bloomberg Total payment volume was $403.9 billion in the first quarter, PayPal said in a statement Tuesday, topping analysts’ estimates of $392.9 million. For […]
(Bloomberg) — Perficient Inc. is considering a potential sale, people familiar with the matter said. Most Read from Bloomberg The US-listed technology consultant is working with advisers to explore strategic options and gauge buyer interest, according to the people. It’s likely to attract interest from both private equity firms and industry players, they said. Shares […]
(Bloomberg) — Amazon.com Inc.’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending. Most Read from Bloomberg The message so far from investors: shares of firms that demonstrate progress in monetizing AI will be rewarded, while firms that don’t will see their stock […]
Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity. “We’ve witnessed an evolving business climate that brought along with it an unprecedented need for improved security processes,” Arnon told TechCrunch. “Security’s importance has increased exponentially … [it’s] non-negotiable for technology buyers.” Yang […]
(Bloomberg) — A trio of US senators asked the federal government’s lead cybersecurity agency to explain its response to a February ransomware attack on an insurance company that paralyzed much of the country’s health-care system. Most Read from Bloomberg The group, led by Senator Elizabeth Warren, a Massachusetts Democrat, on Monday asked the US Cybersecurity […]
(Bloomberg) — TikTok reported that more than 500,000 merchants were selling to US users on its app at the end of 2023, more than double the number from three months earlier, as the video service stepped up its e-commerce effort. Most Read from Bloomberg Worldwide, TikTok’s e-commerce platform had more than 15 million sellers in […]
(Bloomberg) — Meta Platforms Inc.’s social media platforms Facebook and Instagram are under investigation from the European Union amid concerns they’re failing to cull targeted disinformation peddled by Russia that aims to sow discord on the continent. Most Read from Bloomberg The probe targets the so-called Doppelganger campaign — a pro-Kremlin operation, according to people […]
Meta is offering some creators thousands of dollars if they go viral on Threads. The payouts are part of a new invitation-only bonus program that rewards creators who use Meta’s newest app. An Instagram support page offers some details. It says creators can earn money “based on the performance of your Threads posts” or “the […]
BEIJING (Reuters) — Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from U.S. sanctions. Huawei’s revenue for the quarter to March rose 37% to 178.5 billion yuan, the filing to China’s National […]
By Shariq Khan NEW YORK (Reuters) – Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners’ profits. Largely warmer-than-expected winter weather in U.S. […]
A look at the day ahead in U.S. and global markets from Mike Dolan World markets stalled on Tuesday as another heavy earnings week for megacap stocks cranked up, with renewed slippage in Japan’s yen and U.S. Treasuries eyed closely in the background. Major macro market moves are likely in check for now as the […]
(Bloomberg) — Huawei Technologies Co.’s profit rose for the fourth consecutive quarter, a sign the Chinese tech company is taking market share from Apple Inc. and other smartphone rivals. Most Read from Bloomberg The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564%, according to a filing […]
