Top analyst drops a bombshell, predicts Microsoft will buy Netflix
A media analyst with over four decades of experience just dropped a bombshell today. In an interview with CNBC, Porter...
Technology
Comcast gets in the way of Fox and Disney
Here comes a new twist in the whole Comcast-Sky-Fox-Disney tussle. Comcast (CMCSA) is said to be in discussions with investment...
Uber’s flying car one step closer to take-off
Complementing a prediction by its CEO earlier this year, ride-sharing company Uber unveiled the prototype of its flying car Tuesday,...
Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone
Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company on May...
ZTE requests US officials to lift the 7-year ban on components
China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has now asked...
Microsoft doubles down on AI chips to maintain cloud market share
In a step to narrow competition with Amazon (AMZN) Web Services and Alphabet’s (GOOGL) Google Cloud, Microsoft (MSFT) is bringing...
Apple is now so close to $1 trillion mark that there is no stopping it
Though Warren Buffett is one of those rare species who “is scared to use” an iPhone, his conviction in Apple...
Cognizant posts upbeat revenue in the first quarter
With a 10.3% rise in revenues of $3.91 billion, Cognizant Technology Solutions (CTSH) beat Street estimates in the first quarter...
Elon Musk clarifies on his ‘surreal’ earnings call performance
Two days ago, Tesla Inc. (TSLA) reported a huge quarterly loss, and then CEO Elon Musk went on to do...
Xiaomi files to go public on Hong Kong Exchange
One of Apple’s (AAPL) biggest rival in Asia, Chinese smartphone maker Xiaomi, filed to go public on the Hong Kong...
Alibaba Q4 results beat estimates on strength of core commerce
Alibaba Group (BABA) reported double-digit growth in its fourth quarter earnings and revenues, aided by strong performance in its core...
Subscription revenue lifts Pandora’s 1Q results
The share price of Pandora Media (P) jumped 7% in after-hours trading after the music platform reported better-than-expected first quarter...
Cambridge Analytica shutting doors; cites irreparable damage from Facebook scandal
British data analytics firm Cambridge Analytica (CA) has decided to close its operations in the U.K. and the U.S. and...
CBS stock in green after Q1 profit beats consensus estimate
CBS Corp. (CBS) reported a 13% increase in first-quarter earnings as higher advertising, higher station affiliation fees, growth from digital...
Hulu’s U.S. subscriber count surpasses 20 million
Netflix (NFLX), with a 57 million U.S. subscriber base, continues to occupy the top spot when it comes to the...
What did Facebook bring to F8?
After a tough couple of weeks with the Cambridge Analytica scandal and the Congressional hearing, Facebook (FB) CEO Mark Zuckerberg...
Call of Duty drives Activision’s Q1 earnings to record high
Video game developer Activision Blizzard (ATVI) said today its first-quarter earnings and revenues hit an all-time high helped by strong...
GoPro beats revenue and earnings estimates; net loss narrowed
The struggling consumer technology company GoPro reported better than expected sales and earnings for the first quarter, with the numbers...
FireEye posts 8% jump in Q1 revenue
Cybersecurity company FireEye (FEYE) reported an 8% jump in first quarter revenue to $199 million, higher than the guidance range...
Spotify stock falls 7% on dismal outlook, after first earnings report
Continuing the trend that began nearly a decade ago, Spotify (SPOT) reported a loss for the first quarter despite higher...
Tesla posts better-than-expected Q1 results
Electric car pioneer Tesla (TSLA) today reported 26% jump in first revenue to $3.4 billion, beating analysts’ estimates. The adjusted...