By Danielle Kaye NEW YORK (Reuters) – Apple Inc teased its metaverse ambitions on Thursday as CEO Tim Cook talked expansion of the company’s augmented reality apps, prompting strong investor response. The company has 14,000 AR apps on its App Store, and Cook suggested this number will rise with further investment. “We see a lot…
By Danielle Kaye, Paresh Dave and Nivedita Balu (Reuters) -Apple Inc is overcoming the costly global shortage in computer chips, posting record sales over the holiday quarter, beating profit estimates and forecasting that its shortfall is narrowing. The iPhone maker, which is world’s largest company by market capitalization, has handled supply-chain challenges such as factory…
By Nick Carey BLYTH, England (Reuters) – Britishvolt said on Friday it will develop batteries for a fully-electric sports car in partnership with British carmaker Lotus, the first publicly-announced customer for the electric vehicle (EV) battery startup. Britishvolt said the research and development that will go into developing battery cells for a high-performance sports car…
By Hannah Lang and Mehnaz Yasmin (Reuters) -Commission-free brokerage Robinhood Markets Inc on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts’ estimates. Robinhood reported a net loss of $423 million or $0.49 per share in…
By David Shepardson and Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States, citing national security concerns. The 4-0 vote to revoke the authority that had been granted in 2002 is the latest move by…
By Cassandra Garrison MEXICO CITY (Reuters) -Shares of Mexican telecoms giant America Movil fell on Thursday after a regulator scuttled its long-term goal to enter the local pay TV market, raising speculation over the next moves by the company controlled by the family of Mexican tycoon Carlos Slim. The stock dropped 3.94%, the biggest daily…
NEW YORK (Reuters) -Visa Inc beat Wall Street quarterly estimates on Thursday as improving consumer sentiment, online shopping and an uptick in travel drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues rose…
NEW YORK (Reuters) -Visa Inc beat Wall Street estimates on Thursday as improving consumer sentiment and holiday shopping, along with an uptick in travel, drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues…
(Reuters) -Mondelez International Inc topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo cookie maker benefited from higher prices and strong demand for its chocolates and biscuits in emerging markets. Packaged food makers have been struck by soaring shipping and labor expenses due to a strained supply chain, while surging demand for…
By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot. The audacious promises by the best-known billionaire in the electric car industry face major challenges, from technology to regulation….
