By Yuvraj Malik (Reuters) -EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales…
By David Shepardson WASHINGTON (Reuters) -Elon Musk, the billionaire CEO of electric vehicle maker Tesla and social media platform Twitter, discussed artificial intelligence issues and electric vehicles with U.S. Senate Majority Leader Chuck Schumer on Wednesday. “We talked about the future,” Musk told reporters after exiting the meeting that lasted about an hour. “We talked…
SHANGHAI (Reuters) – Apple Inc and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts following the lifting of COVID-19 restrictions. The iPhone maker was the top-selling brand over the first three months of the year, with 20% market…
By Stephen Nellis SANTA CLARA, California (Reuters) – Taiwan Semiconductor Manufacturing Co on Wednesday said it will release new software this year to help customers working on advanced computer chips for cars take advantage of its newest technologies more quickly. TSMC is the world’s biggest contract manufacturer of semiconductors. Many of the automotive industry’s biggest…
(Reuters) -Roku Inc forecast second-quarter revenue above Wall Street estimates on Wednesday on optimism that increased cord-cutting and a broader shift to ad-based streaming will boost business, sending its shares up about 4% in extended trading. The company’s ad-supported streaming platform has gained popularity with users trying to cut down on their discretionary spending. Moreover,…
By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to U.S. security and vowed to review a request to add them to an export control list. A group of nine Republican senators on Tuesday urged…
By Caroline Valetkevitch NEW YORK (Reuters) – The estimated decline in first-quarter S&P 500 earnings is getting smaller as more companies report results, Refinitiv data showed Wednesday, with a host of big names including Microsoft Corp reporting upbeat numbers this week. Analysts now expect first-quarter earnings to have fallen 3.2% year-over-year for S&P 500 companies….
WASHINGTON (Reuters) – South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips, electric vehicles and batteries, said South Korean President Yoon Suk Yeol. (Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Chris Reese)
(Reuters) – Media company Fox Corp on Wednesday said it would house its standalone digital businesses under a new unit, Tubi Media Group, along with its news, sports and entertainment digital platforms. Fox’s standalone digital businesses include free, ad-supported streaming platform Tubi, which Fox acquired in 2020; Tubi founder Farhad Massoudi will now step down as…
By Anna Tong, Alexandra Ulmer and Jeffrey Dastin SAN FRANCISCO (Reuters) – Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman….
