(Reuters) – Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher raw material costs and a demand slowdown. Shares of the company, whose Gorilla glass is used in smartphones of companies including Apple Inc and Samsung Electronics, rose 2% in premarket…
By Supantha Mukherjee STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by the music streaming company’s expansion into more markets, it said on Tuesday, sending its shares up 5%. The number of monthly active users rose to 515 million in the first quarter,…
(Reuters) – Verizon Communications Inc on Tuesday missed first-quarter revenue estimates and reported wireless subscriber losses as a pandemic-led boom in demand fizzled out. While some of that impact was offset by a surge in the broadband business thanks to Verizon scaling up the technology behind 5G connectivity, its fast-growing rivals AT&T Inc and T-Mobile…
By Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX will use for its next rocket launch a water-cooled steel plate that can withstand the world’s most powerful liftoff after the debut attempt of its Starship rocket to reach space caused extensive launchpad damage. The giant spacecraft exploded 23 miles (37 km) in the sky, minutes…
By Josh Smith SEOUL (Reuters) – Leading South Korean and U.S. companies announced billions of dollars in investments, joint ventures and other plans on Tuesday, as President Yoon Suk Yeol kicked off a state visit to Washington. Yoon, who calls himself “the No. 1 salesman” for South Korea, has made business deals and “sales diplomacy”…
By Huw Jones LONDON (Reuters) – An initiative to offer an instant payments service in Europe from the end of 2023 said on Tuesday it has acquired two payment firms and obtained the backing of more banks after scaling back ambitions to take on U.S. payments giants Visa and Mastercard. The European Payments Initiative (EPI)…
By Joey Roulette WASHINGTON (Reuters) -The U.S. Space Force said on Monday that Elon Musk’s SpaceX was granted approval to lease a second rocket launch complex at a military base in California, setting the space company up for its fifth launch site in the United States. Under the lease, SpaceX will launch its workhorse Falcon…
By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking…
(This April 19 story has been corrected to fix the name of Banxa U.S. CEO to Richard Mico, not Ricardo Mico, in paragraph 24) By Elizabeth Howcroft and Hannah Lang LONDON (Reuters) – Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month,…
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission has tweaked draft patent rules to make it easier for patent holders to sue companies over royalty disputes following criticism that an earlier draft favoured users while restricting patent owners from seeking injunctions. The EU executive, which will announce the draft rules on Wednesday, is…
